by Shane Dick | Oct 5, 2021 | Construction accounting
Percentage of completion accounting is the method in which determines the timing of when revenue is recognized. Not to worry – once you understand the concepts of percent complete accounting and its affect on construction earnings, you’ll see how powerful this is for...
by Shane Dick | Sep 29, 2021 | Construction accounting
Underbillings and overbillings are one of the most misunderstood concepts in construction account. Learn more about how these two concepts work and why they are so important to the health of your company in this video....
by Shane Dick | Jan 15, 2021 | Monthly Mission
This month the Monthly Mission was to calculate your break-even point to see if you are starting the year on solid ground. The break-even calculation creates some simple revenue goals, basically how much revenue is needed to cover your basic operating costs each...
by Shane Dick | Oct 17, 2020 | Construction accounting
Have you ever wanted a crystal ball? Haven’t we all! We especially wanted/needed a crystal ball when deciding on the financial direction to take our construction company. Even us CPAs needed help making business decisions…. especially job-related, sales-funnel...
by Shane Dick | Sep 15, 2020 | Construction accounting
During the shutdown there was a surge of interest in updating or changing accounting software. We get it: there was just a bit more time to contemplate life and what tech would make it better. However, new software is expensive and not just from the cash side. Many...
