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6 Numbers You Need to Know

Construction Business Owner

These KPIs are centered on sales revenue, overhead, profit markup, labor costs per unit of work, and your updated job cost labor for every project. You can’t expect anyone to care about your finances as much as you do.

Overhead 295
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Suspended prison sentence for director after scaffold tube strikes overhead power line

Construction Law

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Estimate Your Way in STACK

Construction Business Owner

After calculating material quantities with your takeoff, estimating adds costs to all facets of the project, from materials and labor to overhead and markup. Waste and overhead can also be added to arrive at the project cost. Once installed, the plug-in brings up a list of cost-centered reports that are in your STACK account.

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The Value of Real-Time Accounting Data

Construction Business Owner

The value of real-time accounting data hinges on information that is automated, up-to-date and readily available any time a member of the team needs to access it. It has long been the norm for the majority of a company’s overhead costs to be spent on information management.

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Construction Accounting Secrets For New Contractors

Contractor Bookkeeping

Construction Accounting Basics For Construction Contractors. Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit.

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Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

Proper construction accounting is all about the details. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income. The answers you need to operate and grow your company are in reports.

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5 Ways to Stop Your Company’s Money Leaks & Blockages

Construction Business Owner

The funnel absorbs and reduces the profit output by paying invoices for job costs and overhead expenses. The leftover flow is net profit cash exiting the end of the funnel into your equity account. A steady flow of sales volume enters the funnel in the form of revenue. In addition, leaks cause some money to flow out of the funnel.

Equity 243