May 193 minConstruction Industry in the Digital AgeConsumers in the year 2020 have shifted to digital and are becoming more and more tech-savvy than ever before. Right at our fingertips, w...
Apr 153 minJob Costing Basics for Construction IndustryJob costing is considered to be the most crucial part of running a construction business. And you may think that it is too complicated an...
Jan 105 minNew Year - Bigger Profits, Better SystemsIt’s 2020 already! Time flies! Are you keeping up with your resolutions? I am! One of my resolutions is to help as many business owners a...
Dec 8, 20193 minHow Job Costing Will Help You Put More Money into Your PocketRunning construction jobs without knowing your job costs is like driving blindfolded. What problems can you allocate if you don’t perform...
Dec 4, 20194 min2019 Report Highlights Cash Flow Squeeze on Contractors The construction industry is plagued by slow payments. On average, it takes 83 days for contractors to get paid - longer than just about ...
Oct 3, 20192 min6 Estimating Mistakes That Can Be Easily AvoidedProfits 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 yo...
Sep 26, 20192 minWhy You Should Implement Progress Billing TodayConstruction projects can be very lengthy with substantial budgets involved. How are you supposed to pay for all the materials and labor ...
Sep 11, 20193 minHow to Keep a Close Eye on Profits (for Construction Business Owners)We all know about two of the most helpful forms of reporting required by many institutions like Banks and IRS : Balance Sheet and Profit ...
Jul 25, 20192 min8 Ways to Get Paid Faster Often I see business owners struggling with invoice collections. Clients are waiting for the absolute last minute to pay the bill. Everyo...
Jul 16, 20193 minWhere Is My Cash? Cash Flow Management Tips For Construction IndustryWhere is my cash? You might have asked yourself that question a couple times. When it comes to handling your business accounting, there a...
Jun 29, 20193 minHow Does Remote (Virtual) Bookkeeping Work?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...
Jun 26, 20194 min16 Ways a Professional Bookkeeper Will Save You MoneyA lot of times it’s a challenge to justify outsourcing business bookkeeping. Yes, paying a professional bookkeeper is an added expense, b...
Jun 8, 20193 min7 Bookkeeping Tips for Contractors The more I talk to business owners in construction industry, the more I realize how much they are struggling with the financial records b...
May 30, 20192 min4 Key Metrics to Track for Your Construction Business GrowthIt is very important for every business, especially for construction industry to manage not only operational aspects but also financial. ...
May 15, 20192 minConstruction Accounting vs Regular AccountingRegular accounting is focused on Total Profitability of the business, but in Construction it is very important to look at the different l...
Apr 26, 20192 min8 Bookkeeping Concepts Every Business Owner Needs to ConsiderMany business owners prefer to do their bookkeeping themselves, so I thought of outlining some of the mistakes that I have encountered af...
Apr 16, 20192 minWhy Small Business Owners Need to Have and Review Accurate Financial StatementsPlenty of times I have heard from small business owners: “Why do I need to look at Financial Statements?” And the only statement that is ...