Contractor Bookkeeping

NOVEMBER 3, 2012

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Home Builder Doing A Residential Remodel.

Profitability 49

Profitability Bankruptcy Contractors Remodeling 49

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. Bid - A wild guess carried out to two decimal places. Bid Collector - Customer looking for cheap contractor.

Contractors 64

Contractors Cash Flow Construction Accounting 64

Contractor Bookkeeping

JUNE 18, 2012

The Incompetent Bookkeeper - Was fully awake now and made it clear in no uncertain terms that "if the owner knew how to properly bid projects and run the jobs" that QuickBooks was all they needed for any and all of the projects the company did including large residential remodel projects.

Change Orders 48

Change Orders Profitability Work in Progress Construction 48

Contractor Bookkeeping

FEBRUARY 5, 2014

At that, sadly, is during the bankruptcy proceedings or at the auction where their entire construction company is being sold for pennies on the dollar to pay off some of the mountain of debt they accumulated. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

OCTOBER 3, 2014

Being Ripped-Off And Driven Into Bankruptcy! For example I am a licensed Journeyman Plumber (PL01) in Washington State, and have owned and operated successful residential remodel companies, new construction residential and commercial plumbing companies as well as service, repair and drain cleaning plumbing companies.

Accounting 49

Accounting Construction Banking Contractors 49

Levelset

JULY 19, 2022

What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In addition to materials and labor for painting a new or remodeled building, you need to cover the cost of staff, offices, benefits, and more.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

What kinds of jobs are they bidding on? If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. If your goal is to get more commercial or public jobs, you’ll need someone experienced in writing winning bids. Analyze your competition. Optimize your website.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52