Remove Cash Flow Remove Drawings Remove Income Remove Project Management
article thumbnail

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Cash flow issues kill contractors even though they have profit. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I 3 Your Income Tax Return Preparer. A good commercial attorney will draw up employment agreements, construction contracts, review insurance policies and more. Construction Project Manager PMP.

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX. The Key Colum - Is the Percentage (%) of Income. Education is the foundation for shifting paradigm.