Things you need to know about Buildertrend
Time is money. We all know that. In construction, it's very important for contractors and project managers to effectively manage time,...
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- May 19, 2020
- 3 min
Construction Industry in the Digital Age
Consumers in the year 2020 have shifted to digital and are becoming more and more tech-savvy than ever before. Right at our fingertips,...
- Apr 15, 2020
- 3 min
Job Costing Basics for Construction Industry
Job costing is considered to be the most crucial part of running a construction business. And you may think that it is too complicated...
- Jan 10, 2020
- 5 min
New Year - Bigger Profits, Better Systems
It’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...
- Dec 7, 2019
- 3 min
How Job Costing Will Help You Put More Money into Your Pocket
Running construction jobs without knowing your job costs is like driving blindfolded. What problems can you allocate if you don’t perform...
- Dec 3, 2019
- 4 min
2019 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, 2019
- 2 min
6 Estimating Mistakes That Can Be Easily Avoided
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...
- Sep 26, 2019
- 2 min
Why You Should Implement Progress Billing Today
Construction projects can be very lengthy with substantial budgets involved. How are you supposed to pay for all the materials and labor...
- Sep 11, 2019
- 3 min
How 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, 2019
- 2 min
8 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....
- Jul 16, 2019
- 3 min
Where Is My Cash? Cash Flow Management Tips For Construction Industry
Where is my cash? You might have asked yourself that question a couple times. When it comes to handling your business accounting, there...
- Jun 29, 2019
- 3 min
How 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, 2019
- 4 min
16 Ways a Professional Bookkeeper Will Save You Money
A lot of times it’s a challenge to justify outsourcing business bookkeeping. Yes, paying a professional bookkeeper is an added expense,...
- Jun 8, 2019
- 3 min
7 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...
- May 30, 2019
- 2 min
4 Key Metrics to Track for Your Construction Business Growth
It is very important for every business, especially for construction industry to manage not only operational aspects but also financial....
- May 15, 2019
- 2 min
Construction Accounting vs Regular Accounting
Regular accounting is focused on Total Profitability of the business, but in Construction it is very important to look at the different...
- Apr 26, 2019
- 2 min
8 Bookkeeping Concepts Every Business Owner Needs to Consider
Many business owners prefer to do their bookkeeping themselves, so I thought of outlining some of the mistakes that I have encountered...
- Apr 16, 2019
- 2 min
Why Small Business Owners Need to Have and Review Accurate Financial Statements
Plenty of times I have heard from small business owners: “Why do I need to look at Financial Statements?” And the only statement that is...