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Practical Tips For Encouraging Repeat High-Profit Clients

Contractor Bookkeeping

Many data support the idea that it's less costly, easier, and more efficient to encourage repeat customers than bring in new ones. Understand The High-Profit Client - Most of them have personality traits commonly known as drivers - folks who are accustomed to getting things done quickly and efficiently.

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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. If you don't have savings earmarked to fund your ideas, you'll want to make sure your "scaling my construction business" plan includes adequate financial planning. First things first - find the money.

Cash Flow 101
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C.P.A. Accounting Vs. P.M.P. Construction Accounting

Contractor Bookkeeping

Project Management Construction Accounting Professionals (PMP) work above the line focused on generating positive outcomes and results for contractors: Increase Sales. Allowing a construction accounting firm to preparer your annual tax return is foolish because there is nobody to review the work. Reduces Expenses. Increase Net Income.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. 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. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

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. Starting Or Re-Starting A Construction Company Is Easy.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet. Slow Work in Progress Figures Just Don’t Work.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. And for my time, I usually walk away both inspired and loaded with new ideas to put to use. Even one new idea can be worth its weight in gold…but that’s just my opinion. Education leads to improvement, efficiency, and profitability! Tags accounting. STRATEGY |.