Improve Your Construction Business

Atlas CFO Blog
My Top 3 Favorite Reports in QuickBooks Desktop

My Top 3 Favorite Reports in QuickBooks Desktop

Today, we're checking out our top 3 favorite reports to run in QuickBooks Desktop! These tell you all kind of important information that help you to run your construction company better. https://youtu.be/U-g_8Di0KDw

read more
Calculating Backlog

Calculating Backlog

Calculating backlog is one of the most valuable insights for a construction company.  It gives you visibility, overhead coverage and allows for decision making on markup on jobs.  Calculating backlog while using the WIP schedule (the WIP schedule is the best tool for...

read more
Percentage of Completion

Percentage of Completion

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...

read more
Underbillings and Overbillings

Underbillings and Overbillings

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. https://www.youtube.com/watch?v=Sp9G7jMg4kY...

read more
Break-even Analysis Part II – Going Beyond Break-even

Break-even Analysis Part II – Going Beyond Break-even

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...

read more
The one thing that changed our construction business

The one thing that changed our construction business

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...

read more
3 Signs You are Ready for New Accounting Software

3 Signs You are Ready for New Accounting Software

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...

read more
Getting a Yes From Your Surety

Getting a Yes From Your Surety

Getting a “no” answer from a bonding agent or surety is frustrating. And it seems counter-intuitive, because you need the work to make the profit that the surety wants you to have, but…they won’t give you the green light on the work you need to make the profit....

read more
Make Life Easy, Steal this Cash Forecasting Template

Make Life Easy, Steal this Cash Forecasting Template

Make Life Easy, Steal this Cash Forecasting Template   There’s been a lot of talk about cash forecasting recently. Whether it’s a 13-week look ahead or 8-week cash plan or calculating your “cash burn,” they all mean the same thing: How long will my cash last,...

read more
What Can You Get Ready to Get Done?

What Can You Get Ready to Get Done?

What can you get ready to get done? I’m a sci-fi lover, but I didn’t think I’d be in one. And after just a few days of living in this sci-fi movie, I’m done. That’s it. I’m over it. The brain can only handle one emotion at a time. What emotion have we been running on?...

read more
Receiving Collection Calls Sucks–Here’s How to Handle Them

Receiving Collection Calls Sucks–Here’s How to Handle Them

Receiving a collection call sucks. We've got 3 tricks to handle them. The last one’s the best.   For most of us, making collection calls ranks near the top on the list of things we don’t like to do. However, being on the receiving end of collection calls sucks as...

read more
Avoid This When Investing in Your Business

Avoid This When Investing in Your Business

Avoid This When Investing in Your Business A.K.A. How much do I have available to spend on assets? As a general rule, construction contractors like equipment. And why not? It builds the Balance Sheet, should increase profit and gives you an asset for the future. Now,...

read more

Want to become a financial ninja?

 

We made a 7-Day Owner Financial training to help you become a financial ninja.

It’s got everything you need to learn in order to get a good grip on understanding your construction business.

Just click the button below to get started!