Construction Business Owner

JULY 25, 2023

Correlating Your Business Model to Profitability ccapoccia Tue, 07/25/2023 - 04:48 Whether you identify your business model or not, your company does have one. I practiced in public accounting for 18 years, specializing with contractors, and I oversaw 125 audits and reviews each year before I sold my practice.

Profitability 156

Profitability Modeling Infrastructure Accounting 156

Construction Business Owner

APRIL 3, 2020

Exploring the software essentials that push profits & productivity. In this session, you’ll learn three advantages proven, born-in-the-cloud construction and accounting software provides, where everyone from management and field operations to the back office is connected and has complete visibility into your customers and business.

Software 313

Software Software Profitability Accounting 313

Viewpoint Construction Technology

JUNE 12, 2013

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Missing the Mark on Profitability. With an ongoing shortage of construction jobs, it can be tempting to bid at every one that comes along, whether or not they’ll actually earn you a profit. And how can you improve your estimates?

Bidding 325

Bidding Profitability Construction Cash Flow 325

Viewpoint Construction Technology

JULY 27, 2017

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. Design effectively. Invest in technology.

Viewpoint 214

Viewpoint Contractors Inventory Profitability 214

Construction Business Owner

MAY 21, 2018

Today’s volatile construction industry, dominated by demanding owners, labor shortages, increasing competition and shrinking profitability, leaves many contractors wondering “How can we survive amidst growing risk and uncertainty?”

Accounting 159

Accounting Profitability Risk Contractors 159

Contractor Bookkeeping

JANUARY 3, 2025

From project management software to drones and Building Information Modeling (BIM), construction business owners leverage these tools to enhance productivity, improve safety, and boost profitability. you can use our promo code YEAREND40.

Construction 115

Construction Accounting BIM Profitability 115

Contractor Bookkeeping

MARCH 26, 2021

Most construction business owners who use accounting software quickly master the basics. 1 Cash On Hand - This report shows you how much cash you have in your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet), and petty cash box in your office. #2

Accounting 109

Accounting Software Software Cash Flow 109

Viewpoint Construction Technology

JULY 18, 2018

There’s plenty of work out there for contractors, which means they’ve been hurrying to hire. Contractors can expand their businesses organically by offering expanded services. To do this, contractors can expand the areas they work in from their home office or set up a satellite office in a new city. Offer New Services.

Contractors 227

Contractors Construction Office Roads 227

Fieldwire

FEBRUARY 14, 2022

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise. Effective Marketing.

Profitability 98

Profitability Contractors Management Contract 98

Job Order Contracting

APRIL 4, 2024

are unfortunately common however represent sinficant risk to both real property owners and JOC contractors. It should be used to account for contractor overhead and profit. It should NOT BE USED to account for fluctuations in material costs, labor rates, and other factors that can change during the contract term. (

Overhead 187

Overhead Profitability Contract Risk 187

Contractor Bookkeeping

MARCH 7, 2025

Navigating the world of finances can sometimes feel like trying to build a house without a blueprint. Between managing budgets, keeping track of expenses, and ensuring you're compliant with tax regulations, it's easy to feel overwhelmed. That's where your financial dream team comes in!

Profitability 62

Profitability Contractors Finance Regulation 62

Viewpoint Construction Technology

MARCH 7, 2018

Viewpoint’s Digital Contractor Roadshow is kicking off soon and we are on our way to a city near you ! Steve’s session will: – Introduce a relevant strategy framework and techniques for data collection and analytic integration to fuel profitability. – Learn the framework for an exceptional technology strategy. .

Contractors 219

Contractors Consulting Project Management Management 219

Construction Dive

FEBRUARY 17, 2023

A missed $12 million tax accrual will cause the California contractor to restate its books for the second time in two years.

Accounting 116

Accounting Profitability California Contractors 116

Job Order Contracting

MARCH 1, 2022

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. Transportation of contractor’s personnel to, from, and within the job site. Materials. Equipment. Submittals.

Insurance 264

Insurance Compensation Overhead Security 264

Contractor Bookkeeping

OCTOBER 18, 2024

It will give you a framework for generating leads, closing deals, and ultimately increasing revenue through nurturing existing accounts, thought leadership, and practical pricing discussions. A well-defined approach can increase your project pipeline and create lasting client relationships.

Accounting 108

Accounting Deals Construction Sustainability 108

Viewpoint Construction Technology

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Many contractors experience data frustrations ranging from waiting on IT to build a custom report to trying to make a critical business decision without proper data.

Contractors 204

Contractors Cash Flow Construction Management 204

Viewpoint Construction Technology

OCTOBER 9, 2018

If there’s one thing all contractors are interested in, it’s cutting costs. Construction projects all too easily run over budget and behind schedule, and in an industry with thin profit margins, that can be a big problem. In particular, a solution like this reduces profit fade by helping you stay ahead of scope changes.

Contractors 189

Contractors Software Software BIM 189

Contractor Bookkeeping

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more.

Cash Flow 94

Cash Flow Profitability Construction Accounting 94

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. Retention receivable and payable is different from accounts receivable and payable. According to Steven J.

Accounting 98

Accounting ABC Banking Liability 98

Contractor Bookkeeping

AUGUST 7, 2020

For many small construction companies, the best way to improve profitability is to increase turnover, as there's no limit to sales, but there is a limit to how much you can reduce your costs. Let's look at how you can focus on each of the five ways in our profit increase calculator to achieve your goal of improving profits.

Profitability 116

Profitability Construction Environment Accounting 116

Construction Superintendent Magazine

MARCH 11, 2025

Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.3 Backlog fell on a monthly basis for contractors with less than $100 million in annual revenues while increasing sharply for contractors with greater than $100 million in annual revenue. 20 to March 5. The reading is up 0.2

ABC 52

ABC Construction Profitability Accounting 52

Contractor Bookkeeping

DECEMBER 25, 2020

Year over year and regardless of the economy, one thing never changes; 20% of the contractors earn and keep 80% of the profits because they have a Business Process Management Strategy like our Contractors Success M.A.P. Marketing / Accounting / Production.

Accounting 68

Accounting Products Contractors Profitability 68

Construction Business Owner

MARCH 3, 2020

Exploring the software essentials that push profits & productivity. In this session, you’ll learn three advantages proven, born-in-the-cloud construction and accounting software provides, where everyone from management and field operations to the back office is connected and has complete visibility into your customers and business.

Software 168

Software Software Profitability Accounting 168

Construction Business Owner

DECEMBER 4, 2023

How to Analyze WIP Schedules ccapoccia Mon, 12/04/2023 - 16:56 A contractor’s work-in-progress (WIP) schedule is used by the company’s accounting department to vet the trajectory of each construction project. When the WIP schedule is accurate and updated, contractors can foresee and possibly prevent potential issues from occurring.

Schedule 156

Schedule Cash Flow Work in Progress Profitability 156

Contractor Bookkeeping

FEBRUARY 21, 2025

Understanding COGS isn't just about accountingit's about making smart decisions for profitability, pricing, and more. COGS provides critical insights into your business's efficiency and profitability. But what does it really mean, and why is it crucial for your construction business's success? What is the Cost of Goods Sold (COGS)?

Overhead 91

Overhead Profitability Inventory Construction 91

Viewpoint Construction Technology

JUNE 19, 2018

Meanwhile, JBKnowledge’s Construction Technology Report noted that workflows like accounting, estimating and project management depend more and more on integrated software. Contractors are shaking off the chains of traditionally low levels productivity and profitability. Choosing a Dependable Software Provider for the Long Haul.

Software 200

Software Software Viewpoint Construction 200

Construction Business Owner

JUNE 23, 2023

I practiced in public accounting for 18 years, specializing with contractors, and I oversaw 125 audits and reviews each year before I sold my practice. One perspective gained was the disparity in profitability across companies with similar projects, specialties and size.

Infrastructure 156

Infrastructure Profitability Accounting Modeling 156

Construction Marketing

FEBRUARY 11, 2021

When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . Roofing isn’t a one-person job; you’ll need, at least, two roofing contractors to work on a single site. 10) Business bank account and credit card. 11) Accounting. 4) Off-seasons. 5) Pricing.

Insurance 295

Insurance Liability Legal Compensation 295

Construction Business Owner

SEPTEMBER 27, 2011

ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Tags accounting.

Construction 180

Construction Software Software Accounting 180

Viewpoint Construction Technology

APRIL 10, 2018

Contractors are finding ways to modernize their businesses with software that improves productivity and mitigates risks, while increasing their bottom line. Contractors have begun to recognize these problems and have begun stepping up their efforts to modernize their operations. This can cause additional errors, delays and rework.

Management 217

Management Viewpoint Software Software 217

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Let’s take a look.

Construction 241

Construction Software Software Cash Flow 241

Contractor Bookkeeping

OCTOBER 4, 2024

You made a decent living for yourself, hired a few sub-contractors per project, paid your suppliers, and earned a profit—at least that is what your tax preparer said. Things begin to change, and the reality of the construction industry begins to dawn on you.

Overhead 120

Overhead Contractors Bidding Profitability 120

Contractor Bookkeeping

MAY 19, 2023

Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit.

Cash Flow 102

Cash Flow Profitability Forecasting Construction 102

Viewpoint Construction Technology

MARCH 14, 2018

Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. Leading-edge software and technology are helping contractors streamline construction processes with tools for mobile data capture, automated workflows and more.

Products 221

Products Software Software Project Management 221

Viewpoint Construction Technology

MARCH 14, 2019

University Mechanical Contractors, Inc. This was the case for University Mechanical Contractors, Inc. UMC) until the company switched to Viewpoint ePayments and saved more than 400 hours a year in accounts payable time by improving its vendor payment process. saved 400 hours a year and earned money with Viewpoint ePayments.

Viewpoint 189

Viewpoint Accounting Organization US 189

Autodesk Construction Cloud

SEPTEMBER 2, 2022

With the advent of so many new construction technologies, general contractors are currently sitting at a fork in the digital road. But what about general contractors that operate out of multiple offices? This regional autonomy, however, creates information silos that are costing contractors more than they might realize. .

Profitability 98

Profitability Florida Georgia Organization 98

Viewpoint Construction Technology

JANUARY 22, 2019

The short, 15-minute webinars focus on a particular industry best practice or technology highlight for contractors, helping them solve key issues they might face every day. Viewpoint product experts highlight challenges contractors face and how Viewpoint’s comprehensive suite of software solutions can help solve those challenges.

Construction 204

Construction Schedule Software Software 204