Bankruptcy Bidding Foundation Profitability 
Contractor Bookkeeping
NOVEMBER 3, 2012
You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.
Autodesk Construction Cloud
FEBRUARY 1, 2024
A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Contractor Bookkeeping
OCTOBER 18, 2013
No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. And Job Costing Bankruptcy Is A Matter Of Time!
Contractor Bookkeeping
JUNE 11, 2013
Job costing reports are the key to unlocking the mystery of which markets to serve, which jobs to bid, how much they need to cover the direct and indirect costs and which ones to walk away from. Having QuickBooks Setup the right way for construction is the foundation for having a useful job costing reporting system.
Contractor Bookkeeping
FEBRUARY 5, 2014
Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Regular Accounting.
Contractor Bookkeeping
OCTOBER 3, 2014
Being Ripped-Off And Driven Into Bankruptcy! This is, always has been and will continue to be a major headache and in some cases the direct cause for construction company owners to file business and personal bankruptcy. An Alarming Number Of Construction Company Owners Are. That sounds harsh but it is true! For the full article [link].
Levelset
JULY 18, 2022
What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. While cash flow is critical for survival, profit is essential for growing a plumbing business. Read more: The profit roadmap for contractors.
Expert insights. Personalized for you.
49 
Let's personalize your content