by Shane Dick | Apr 5, 2019 | Construction accounting, Monthly Mission
It is time for Spring Cleaning! Now is the time of year when we clear out old records, organize the system and start fresh. This month’s Monthly Mission is about organizing and retaining the right records for the right amount of time in your business. After 20 years...
by Shane Dick | Mar 5, 2019 | Monthly Mission
It’s that time of year! Larger jobs are on the horizon and the goal is building backlog. Many of these jobs require bonding and many contractors are surprised to learn they can’t bond “the job” that fits perfectly in their schedule. The reason, they discover, is...
by Shane Dick | Feb 14, 2019 | Monthly Mission
In this month’s Monthly Mission, the goal was to calculate your break-even point and compare calculated revenue to your backlog to see if you are starting the year on solid ground (30% of your goal revenue is already in backlog/under contract). The break-even...
by Shane Dick | Feb 7, 2019 | Construction accounting, Contractor accounting
Job costing is the accounting function that tracks revenues and costs by job. Why is this important? It allows you to analyze actual job performance compared to your estimate. This means you have actual results to better compare job revenue and cost data to help...
by Shane Dick | Feb 4, 2019 | Monthly Mission
Warning: This post contains math! How much revenue do I need to break even? This is one of the top 10 questions we get from business owners. (However, if you are one of our clients doing forecasting with Shane, you already know the answer. You know who you are. :-))...
