In the fast-paced world of construction business management, it’s easy to lose sight of the fundamentals. Yet, neglecting these basics can have significant repercussions on your bottom line. As we delve into the intricacies of pricing construction projects, let’s shine a spotlight on one fundamental aspect: markup. Specifically, let’s explore how markup differs between new […]

Accurate estimating is crucial for the success of any construction project. Yet, even experienced contractors can make mistakes that lead to cost overruns and delays.  Understanding these common errors can help you avoid them and keep your projects on budget and on schedule. 1. Insufficient Allowances One of the most frequent mistakes is underestimating material […]

As a construction business owner, you might be undercharging for your services without even realizing it. This is a common issue that can significantly impact your revenue and growth. Through my work with construction business owners, I often identify areas where they are not pricing their services appropriately, whether in specific aspects of their projects […]

Efficiently managing bills and payments is crucial to keep your vendors happy and your projects on track. Below, we delve into the specifics of processing payments in construction, including the importance of consistent invoicing, offering digital payment methods, the power of over-communicating with clients, and identifying positive patterns in successful contracts. Follow these tips to […]

Our remote bookkeeping company specializes in helping construction business owners like you increase profits, save time, and pay themselves more efficiently. Today, I want to share the importance of planning in construction accounting and how it can keep your business financially healthy and thriving. Let’s dive into the key aspects of financial planning! Setting Clear […]

In the world of construction accounting, organizing expenses efficiently is key to maintaining accurate financial records and understanding project profitability. QuickBooks, a popular accounting software, offers powerful tools for managing construction expenses and materials effectively. In this video I show you how to set up your QuickBooks if you are a construction business.  In this […]

Gone are the days when you had to hire a full-time bookkeeper to manage your financial records. The traditional setup came with its fair share of costs, including salaries, benefits, and office expenses. There’s a modern solution that’s changing the game: remote bookkeeping services. With remote bookkeeping, you can access professional financial support without the […]

Navigating the competitive landscape of the construction industry requires more than just skillful project management and robust operations—it demands a keen understanding of financial management principles. In this blog post, we’ll explore the importance of proactive financial planning for construction businesses and provide insights into creating a comprehensive financial roadmap to drive long-term success. Understanding […]