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. :-))...
by Shane Dick | Jan 21, 2019 | Monthly Mission
The work in progress job schedule is a critical report to review at year end. The WIP can affect your current year end financial results, via the under and over billings adjustment, and it can help set up the coming year for success. All it takes is a little bit of...
by Shane Dick | Jan 7, 2019 | Financials, Monthly Mission, Productivity
Does anyone really get excited about doing a budget? Doing a budget takes time. Doing a budget takes effort. Doing a budget sets limits and boundaries. You are already busy. Life, work doesn’t wait for you to do a budget. Transactions do not stop occurring so...
by Shane Dick | Jan 2, 2019 | Construction accounting
Build Your Own CFO is our way to help answer the questions every contractor has concerning the financial health of their business and how to manage it. How It All Began Build Your Own CFO started way back in 2012 as a way to solve a problem involving time and space. ...
