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! Construction company owners who understand Construction Psychology and the need for Business Process Management (BPM) System also know the importance of being process dependent, not people dependent.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

Contractor Bookkeeping

JUNE 18, 2012

Several Years Ago - A prospect and his office manager / bad bookkeeper / wealth prevention tool came to our office. Oddly Enough - The office manager / bad bookkeeper / wealth prevention tool was not the least bit concerned about anything. Hopefully He Will Read - Some of what I have and contact us as we have lost contact with him.

Change Orders 48

Change Orders Profitability Work in Progress Construction 48

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.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

JULY 27, 2012

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. BPM – Business Process Management for construction company owners to grow passive income streams.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Contractor Bookkeeping

OCTOBER 3, 2014

Being Ripped-Off And Driven Into Bankruptcy! 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. An Alarming Number Of Construction Company Owners Are. That sounds harsh but it is true! For the full article [link].

Accounting 48

Accounting Construction Banking Contractors 48

Contractor Bookkeeping

FEBRUARY 14, 2014

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. Innovation Or Bankruptcy. profit went straight to the bottom line.

FAQ 49

FAQ Contractors Accounting Security 49

Levelset

JULY 18, 2022

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In order to grow, a plumbing company must proactively manage cash flow. While cash flow is critical for survival, profit is essential for growing a plumbing business.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52