Remove Banking Remove Inventory Remove Profitability Remove Project Management
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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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Three Unique Marginal Costs Grow Construction Profitability

Contractor Bookkeeping

Cost Is What You See - Profit potential is what you don''t see. High profit construction company owner''s focus on both and understand it "Takes Money To Make Money". Highly Profitable Companies - Focus on how high is up? Then develop a project plan to eliminate them, one at a time. #3 Construction Company.

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Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Job Material Inventory Costs. Supply Chain Management Costs. Change Order Management.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Keep your inventory as low as possible.

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QuickBooks Year End Closing Tips For All QuickBooks Users

Contractor Bookkeeping

Review Personal Bank Statements - Business. Review Business Bank Statements – Personal. Reconcile Bank And Credit Card Accounts. Inventory Count By December 31st. Verify Profit And Loss - Does It Make Sense? Periodic Invoices For Bank draws. Previous year end bank, credit card and other account balances.

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. We know what to do!

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Optimize Vs. Maximize Construction Company Production

Contractor Bookkeeping

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. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If