Construction Business Owner

FEBRUARY 21, 2020

How to Streamline Accounting Processes with Expense Management Tech. How you can help your company be more productive and profitable by investing in expense management technology to streamline your accounting tasks. Elizabeth Manning. Fri, 02/21/2020 - 11:43.

Accounting 237

Accounting Management Profitability Products 237

Viewpoint Construction Technology

NOVEMBER 15, 2021

Old-fashioned construction accounting can’t win against today’s complex projects and high-risk landscape. Viewpoint Analytics brings powerful reports.

Viewpoint 320

Viewpoint Profitability Accounting Risk 320

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Today, thanks to technology, software and systems, marketing and accounting teamwork is not only possible, but effective. Marketing and Accounting Harmony.

Accounting 180

Accounting Finance Forecasting Certification 180

Construction Business Owner

SEPTEMBER 29, 2020

5 Ways Contractors Can Improve Profitability. Your accounting team has an opportunity to make a major contribution to your firm’s bottom line. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. Accounting & Finance. Main Image.

Profitability 204

Profitability Virgin Islands Contractors Puerto Rico 204

Contractor Bookkeeping

MARCH 7, 2025

Understanding and managing your gross profit margin is crucial to ensuring the sustainability and profitability of your business as a construction contractor. Profit is the money left in your business after all your expenses have been paid.

Profitability 89

Profitability Contractors Overhead Income 89

Job Order Contracting

APRIL 8, 2025

A annual update cycle does not account for “real-time” local market fluctuations, which can lead to inaccuracies, especially in the volatile market situation so prevalent today. Additionaly, 4BT cost data is updated quarterly versus creating “annual cost books”, a common practice among traditional cost data providers.

Estimating 234

Estimating Construction Organization Procurement 234

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

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 129

Construction Accounting BIM Profitability 129

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 117

Accounting Software Software Cash Flow 117

Construction Business Owner

MAY 16, 2023

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

Accounting 156

Accounting Estimating Finance Bidding 156

Construction Business Owner

DECEMBER 31, 2022

To build a profitable construction business, owners must be focused on key performance indicators (KPIs) and bottom-line numbers. 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. 6 Numbers You Need to Know. Sat, 12/31/2022 - 07:39.

Overhead 295

Overhead Profitability Finance Accounting 295

Construction Business Owner

APRIL 10, 2023

Understanding Tech Options & How They Impact Operations ccapoccia Mon, 04/10/2023 - 08:12 Software selection can be a daunting task, whether it’s for accounting, project management, scheduling, estimating, timecard capture, contact management or another process. Software becomes part of your infrastructure.

Software 316

Software Software Profitability Project Management 316

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

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

Construction Business Owner

AUGUST 1, 2018

Imagine your company as a funnel with a shut-off valve controlling the flow of profit output. 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.

Equity 246

Equity Overhead Profitability Accounting 246

Viewpoint Construction Technology

DECEMBER 6, 2022

Learn how you can make your AP process faster and easier by removing paper processes while turning your AP department into a profit center.

Accounting 169

Accounting Profitability Construction Viewpoint 169

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 124

Accounting Deals Construction Sustainability 124

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 157

Accounting Profitability Risk Contractors 157

Construction Business Owner

JANUARY 27, 2014

For owners of small to midsize construction firms, juggling all the responsibilities of owning and operating a business—such as accounting, estimating and scheduling—while trying to increase profits can be a daunting task.

Profitability 246

Profitability Schedule Accounting Estimating 246

Job Order Contracting

FEBRUARY 3, 2025

It often accounts for local economic conditions, supply chain variability, and contractor availability. Advantages : Accuracy : Local data ensures that bids reflect the actual costs contractors will face, reducing errors that lead to profit loss or missed opportunities.

Bidding 147

Bidding Construction Defense Contractors 147

Construction Business Owner

SEPTEMBER 29, 2021

How Construction Companies Can Boost Cash Flow and Profitability. How your company pays for purchases and manages expenses impacts your employees, your customers, and your key business metrics, including profitability. Streamline the accounting process. Track job costs more accurately for better profit margins.

Management 291

Management Virgin Islands Cash Flow Puerto Rico 291

Contractor Bookkeeping

DECEMBER 9, 2022

Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more. The key is continuously refining your construction company's practices and procedures. Your office ensures your contracting company has a steady flow of projects.

Cash Flow 110

Cash Flow Profitability Construction Accounting 110

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

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 118

Profitability Construction Environment Accounting 118

Construction Dive

MAY 9, 2023

The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year.

Profitability 129

Profitability Accounting Plans 129

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 114

Cash Flow Profitability Forecasting Construction 114

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

Levelset

JUNE 6, 2022

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. Steven Peterson.

Accounting 98

Accounting ABC Banking Liability 98

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 101

Overhead Profitability Inventory Construction 101

Contractor Bookkeeping

NOVEMBER 19, 2021

Among the stats Hubspot lists are: that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are nine times more likely to convert than first-time visitors, and a 2% increase in customer retention has a similar impact to your bottom line as reducing costs by 10%.

Profitability 110

Profitability IDEA Commercial Housing 110

Construction Enquirer

JUNE 22, 2023

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year. while pre-tax profit fell to £1.8m while pre-tax profit fell to £1.8m The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m from £29.1m. from £29.1m.

Accounting 90

Accounting Profitability Environment Management 90

Contractor Bookkeeping

NOVEMBER 29, 2024

Many small business owners need help keeping their accounts receivable in check, which can ultimately impact their business's health and sustainability. How often have you been waiting on overdue invoices? Do you have enough cash flow to cover next month's expenses? If this sounds familiar, you're not alone.

Cash Flow 124

Cash Flow Foundation Accounting Sustainability 124

Contractor Bookkeeping

OCTOBER 9, 2020

Studies found that alert employees have fewer accidents, which in turn reduces your cost of doing business and raises cash flow and profits. I saw a special where a manufacturer described how the process is that they moved employees on a scheduled basis between workstations to help them avoid boredom and stay fresh throughout their workday.

Accounting 115

Accounting Cash Flow Accidents Profitability 115

Construction Business Owner

AUGUST 25, 2022

When you have calculated your selling price and profit, you’ll be able to create a custom, professional proposal within STACK. Once installed, the plug-in brings up a list of cost-centered reports that are in your STACK account. Create your free account today. . Export Takeoff & Estimate Reports from STACK . Estimating.

Estimating 296

Estimating Overhead Software Software 296

Job Order Contracting

MARCH 1, 2022

General / Prime Contractor Profit and risk. Adjustment factors to account for small jobs. Labor (Both during Normal Work Hours and Outside of Normal Work Hours). Materials. Equipment. Subcontractor costs. Subcontractor mark-ups. General / Prime Contractor Overhead. projects valued over $35K; 9. Social security contributions.

Insurance 264

Insurance Compensation Overhead Security 264

Job Order Contracting

APRIL 4, 2024

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. ( should simply include contractor overhead and profit. Cost Adjustment : A coefficient less than 1.0

Overhead 187

Overhead Profitability Contract Risk 187

Autodesk Construction Cloud

APRIL 24, 2023

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

Profitability 97

Profitability Construction Autodesk Forecasting 97