Where is my cash? You might have asked yourself that question a couple times. When it comes to handling your business accounting, there are a few key financial statements you will need to generate on a regular basis. Statement of cash flows is one of the main ones! Why, you would ask. Not only do these […]

Running construction jobs without knowing your job costs is like driving blindfolded. What problems can you allocate if you don’t perform job costing? 1. It may be too late to look at the project numbers at the end of the project because it is too late to fix anything. 2. You don’t know how well […]

The construction industry is plagued by slow payments. On average, it takes 83 days for contractors to get paid – longer than just about any industry in the world. A 2019 report details how delayed payments create a cash flow vise for contractors. And how that vise is squeezed even tighter by the rise of […]

Profits are usually gained or lost based on how accurate your estimates are. Yes, one bad bid wouldn’t put you out of business, but if you keep making the same mistake of not comparing actuals to estimates, you are at the high risk. Here are some of the common estimating mistakes and how to prevent […]

Construction projects can be very lengthy with substantial budgets involved. How are you supposed to pay for all the materials and labor the whole time? You can use numerous credit cards and lines of credit, but that would just lead to late payment fees, interest and bank fees. And most subcontractors wouldn’t want to wait […]

We all know about two of the most helpful forms of reporting required by many institutions like Banks and IRS : Balance Sheet and Profit & Loss (Income Statement). Without diminishing the importance of those two, this time I would like to mention a couple other great sources of information for your construction business. In […]

Often I see business owners struggling with invoice collections. Clients are waiting for the absolute last minute to pay the bill. Everyone wants their invoices prioritized, and wants to get paid on time and without hassle. Getting paid fast also means positive cash flow. Who doesn’t want to have more money to invest into growing a business. There […]

So how does the work get done when I’m not actually working with the clients on site? It is more simple then it seems! I use the power of the internet and various applications (apps) that allow me to do the work remotely. And I am thankful for the opportunity to work and still be […]