Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. 3 Your Income Tax Return Preparer.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Levelset

AUGUST 4, 2022

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Forecasting your revenue. Gray recommends starting with your breakeven rate and then adding 20% to that as your profit margin. From forecast to pricing.

Cash Flow 52

Cash Flow Budget Budgeting Forecasting 52

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Look at financial data as time allows and in a historical context only, no forecasting. Ignoring Profit Centers and Key Performance Indicators (KPI). Every contractor’s income is the average of their customers and client’s income.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

ProcurementExpress.com

JANUARY 2, 2019

They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. When the payment hits their account, they may mistake it for profit. Which then throws everything off from revenue forecasting to budgeting. Slow Work in Progress Figures Just Don’t Work.

Work in Progress 52

Work in Progress Accounting Inventory Budget 52

Contractor Bookkeeping

SEPTEMBER 1, 2014

For Example - The simple Profit & Loss Report Can Be Shown Four Different Ways With Little Effort. The First Two Profit & Loss Reports Show Accrual Basis Vs. Cash Basis. Accrual Basis is generally for internal use by the contractor to make decisions about operations and forecasts. Need Help Now? Call Sharie 206-361-3950.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

ProcurementExpress.com

JANUARY 2, 2019

They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. Here’s a little more about why you should consider this metric outside of the accounting context: 5 Things to Include In Your WIP Report– Click here to download this free guide Click Here.

Work in Progress 40

Work in Progress Accounting Inventory Budget 40

ProcurementExpress.com

JULY 15, 2019

Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Level Up Your Forecasting Skills.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68