Contractor Bookkeeping

FEBRUARY 8, 2013

There is a River of Commerce - That every construction business has to navigate. Strategy or lack thereof makes all the difference and one of the most important Strategies is The 80/20 Rule. Every Report Tells A Story - All you have to do is Listen, Look and Learn! Why Would Any Contractor - In their right mind do that?

Profitability 52

Profitability Contractors Equity Housing 52

Contractor Bookkeeping

FEBRUARY 20, 2013

Two construction companies, Company A and Company B, can do similar work for the similar customers using similar labor, materials and subcontractors yet Company A will earn twice the bottom line profits over Company B. Every Ten Minutes A Day Of Waste You Have In Your Construction Company. 80% will have the least impact.

Profitability 48

Profitability Construction Accounting Equipment 48

Contractor Bookkeeping

SEPTEMBER 23, 2013

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. In your construction company it is the same, you need the answers in order to develop understanding and that is what helps us all let go of the past and move forward.

Debt 49

Debt Construction Accounting Banking 49

Contractor Bookkeeping

AUGUST 11, 2014

His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting.

Profitability 48

Profitability Contractors Accounting Income 48

Contractor Bookkeeping

JUNE 1, 2013

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. Grow By The Inch Is A Cinch, Grow By The Yard Is Hard. We are in this together and we are pulling for you.

Products 48

Products Profitability Construction Cash Flow 48

Construction Marketing Ideas

NOVEMBER 20, 2015

Set up a replicable process, ideally using scientific models, and you’ll have a baseline for success and growth. But can we boil these concepts down to three simple rules (for sales and marketing) that anyone can implement with a bit of thought? Fair enough. Purpose counts. It really does.

Organization 48

Organization Deals Products Guidelines 48

Contractor Bookkeeping

JUNE 18, 2013

Are you starting or restarting your construction company? Either way you have made an important decision to own and operate a construction company. Most of you came from the skilled craftsman trades, some of you were working as a manager for a construction company. The path that will work best for you depends on your mindset.

Contractors 48

Contractors Overhead Insurance Bidding 48

Autodesk Construction Cloud

AUGUST 22, 2022

With the abundance of technology and innovation in the construction industry, it can be challenging for companies and project teams to determine where to invest their time and resources. That’s why he employs an 80/20 rule to determine if the solution will be successful. REGISTER NOW . .

Autodesk 98

Autodesk Conference Risk Engineering 98

Contractor Bookkeeping

JUNE 20, 2012

Sharp Construction Company Owners - Do something similar. They network with people who are well connected and pay close attention to the profitable construction firms, large and small that who are doing well. Major Home Builder Actions Signal Profitable Opportunities Ahead For Contractors.

Seattle 51

Seattle Contractors Profitability Metro 51

Autodesk Construction Cloud

SEPTEMBER 9, 2021

No matter where you’re at in your construction career, or what business goals you’re out to achieve, get ready for a set of construction classes designed to leave you with a long list of actionable takeaways. With over 80 construction classes available this year, the question remains: what sessions should you attend?

Autodesk 52

Autodesk Construction BIM Modeling 52

Contractor Bookkeeping

JULY 10, 2013

Then he listens carefully for answers and comments that can be used in a positive respectful way as a thread of knowledge and wisdom that he weaves into the fabric of a success story which most business owners can relate too. The 80 / 20 Rule For Business Owners. Speaking Engagements Featuring An Accountant With Humor.

Accounting 48

Accounting Seattle Profitability Compensation 48

Contractor Bookkeeping

JUNE 12, 2012

Some Of The Best - Framers, drywallers, plumbers, electricians, HVAC mechanics, roofers, landscapers, construction project managers and other tradespeople have become wealthy construction business owners been very successful and I say more power to you! The Four Year Apprenticeship - Is the original college degree.

Washington 54

Washington Accounting Banking Contractors 54

Contractor Bookkeeping

MAY 2, 2013

80% of your customers are going to play fair. This is harsh but true from my experience as a contractor and now as a construction accountant. The 80-20 Rule For Financial Success In Construction. The funny thing is 80% of your customers will pay you with or without a change order.

Change Orders 48

Change Orders Contractors Cash Flow Profitability 48

Contractor Bookkeeping

NOVEMBER 15, 2013

02 Primary Financial Reports like Profit & Loss and Balance Sheet how your construction company is doing from a big picture view like looking out the window of an airplane cruising at 30,000 feet. The 80/20 Rule For Construction Success. #04 Other Reports For Your Construction Company.

Accounting 48

Accounting Construction Profitability Project Management 48

Contractor Bookkeeping

JULY 27, 2012

Over The Past 30+ Years - I have accumulated a variety of terms to describe the construction industry. 80/20 Rule – 80% of a contractor’s wealth and wellbeing comes from 20% of their activities. Aggravation Box - Computer with construction accounting software operated by a trainee.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Contractor Bookkeeping

JUNE 18, 2013

We offer the following list of root causes for the extremely high rate of construction company failure which has accelerated beginning in 2009 and continuing as of June, 2013 when this article was written. The only real difference between the success and failure is the answers. Construction Company Failure Root Causes.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

AUGUST 25, 2014

Having Lived Through Several, Recessions Beginning In The Mid 1960''s I Sincerely Understand And Empathize With The Challenges That All Construction Owners, Workers And Support Staff Have Faced For The Past Several Years. Pent Up Demand For Construction Projects. The Good News Is Everything Is About To Change For The Better!

Contractors 48

Contractors Accounting Hawaii Profitability 48

Contractor Bookkeeping

SEPTEMBER 5, 2012

Any Construction Company - That is ready to take a long hard look at what has worked, not worked and map out a strategic plan for the future. It is limited to construction companies with sales last year between $0 and $5,000,000 where the owners are actively involved in the company's operations. Emerging Contractors Welcome Here.

Accounting 48

Accounting Contractors Overhead Insurance 48

Contractor Bookkeeping

SEPTEMBER 5, 2013

All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. Rest assured in over thirty years in the construction industry this was one of many instances of dealing with "Customers". When A Contractor Brags About Getting Referrals It Drives Me Crazy!

Profitability 49

Profitability Contractors Accounting Income 49

Contractor Bookkeeping

SEPTEMBER 20, 2013

Recently quite a few contractors are asking us for help in generating work so I reached into our archives of best practices and put together a collection construction marketing strategies we used to get one of our construction companies from start-up to over $20,000 a month in less than 100 days! UNDERSTAND THAT THESE TACTICS WORK.

Construction 49

Construction Accounting Contractors Management 49

Contractor Bookkeeping

JULY 23, 2013

As a general rule, those are the exception. That means “A Client” not just “A Customer”; someone who is in the top 20% of The 80/20 Rule. What are you looking for? It takes work to make the phone ring. It takes even more work to increase the sales ticket. Customers are looking for a contractor to do a little work.

Construction 58

Construction Deals Change Orders Contractors 58

Contractor Bookkeeping

JUNE 11, 2013

Yet most contractors believe the complete opposite about construction; cheaper is not better. No different than Professional Bookkeepers and construction accountants should not be preparing annual tax returns. The more accurate the construction accounting system the more likely you will have useful job costing reports.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Contractor Bookkeeping

OCTOBER 3, 2014

An Alarming Number Of Construction Company Owners Are. I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. Bookkeeper Embezzlement Can Destroy Your Construction Company And Your Personal Finances.

Accounting 48

Accounting Construction Banking Contractors 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Your Construction Contracting Company. Is your Construction Company Process Dependent Or People Dependent? There is no one right answer; it depends on what you want from your construction company. You started your construction company to have more money, more freedom and to be in control of your destiny. Walking the dog.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

JANUARY 2, 2015

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

Starting Or Re-Starting A Construction Company Is Easy. There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Business Facilities

JULY 6, 2016

percent to $80 billion in 2014. billion investment by Dominion Virginia Power, which constructed a cutting-edge technology power plant. Capacity constraints affected truck rates and in May 2014 freight payments were 11.2 percent higher than the same time in 2013. The report saw rail transportation costs rising 6.5 percent in 2014.

Roads 41

Roads Airports Indiana Transportation 41

Construction Marketing Ideas

FEBRUARY 8, 2016

Suddenly years of boom conditions ended with a thud in the mortgage/financial crisis, and construction and related supply/service firms were in many places in panic desperation mode. There were some successful startups ( out of the ashes of the failures) and some venerable businesses worked through the storm to emerge relatively unscathed.

Risk 48

Risk Debt Management Security 48

Construction Test

MAY 2, 2020

million people visit the Maldives each year, it’s a side almost 80 per cent of them don’t opt to see, and that’s a pity. We are heading about 20 kilometres from Malé, to Gulhi, one of the inhabited islands of Kaafu Atoll in South Malé Atoll. . Then my small handline jolts. I’ve caught one, too. Then three.

Travel 26

Travel US DOT Housing 26

Autodesk Construction Cloud

NOVEMBER 2, 2021

If the resilience seen this year has shown construction professionals anything, it’s that this industry, and the people who work in it, are remarkable. There’s nothing like AEC, and this year’s 40 Under 40: Champions of Construction have demonstrated their ability to inspire, educate, and advance the industry in ways worth admiring.

Construction 52

Construction BIM San Francisco Management 52

Contractor Bookkeeping

SEPTEMBER 19, 2014

If you Google “Construction Accounting Software” the results are over 20,000,000. Construction trade journals list over 4,000 construction accounting software programs that actually work well for the construction industry. But It Can Be Made Into One For Contractors. With Annual Sales Volume Between. You are not alone!

Accounting 49

Accounting Software Software Construction 49

Autodesk Construction Cloud

SEPTEMBER 19, 2023

But in construction, rework isn't just a hassle—it's a very expensive problem. Industry data shows that rework costs firms in the United States over $177 billion annually , and it can represent up to 20% of total project costs.  Poor data management is also a major culprit. This stakeholder alignment is critical.

Autodesk 52

Autodesk Modeling Profitability Documentation 52

Buisness Facilities Contributed Content

APRIL 8, 2014

Construction of wind turbines set a record in 4Q 2013 with 10,900 megawatts of capacity being added; nationwide, nearly 50,000 turbines have been installed. In addition to creating 1,253 direct jobs, the project is expected to result in an additional 5,886 new indirect jobs and 7,000 construction jobs. By Jenny Vickers and Jack Rogers.

Minnesota 56

Minnesota Iowa New Jersey New Mexico 56

Buisness Facilities Contributed Content

APRIL 15, 2014

It allows for the construction of roads, bridges, etc. Have no more than 100 full-time employees, and 80% of employees are in Alabama or 80% of payroll is paid to employees in Alabama. architectural and engineering, interest incurred during construction, etc.). ALABAMA - updated for 2014.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. It allows for the construction of roads, bridges, etc. The law allows more than one project on the same site.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 8, 2013

Additionally, per HUD guidelines, 80 percent of the funds will be dedicated to the nine most heavily impacted counties in the state: Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean and Union. For many people in the area both their homes and businesses were wiped out in a single night.

New Jersey 60

New Jersey NJ New York Banking 60

Construction Test

MAY 19, 2020

Millions of travellers owed refunds for cancelled flights face months of chaos amid a crisis in the airline industry. Carriers and tour operators owe an estimated £7billion to holidaymakers whose trips have been ruined by the pandemic. Under EU laws, customers should get their money back within seven days. The CEO, who is worth an estimated £3.8

Travel 26

Travel Claims Deals Airports 26