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Atlas CFO Blog
3 things that destroy construction banking relationships

3 things that destroy construction banking relationships

https://www.youtube.com/watch?v=JDXEUJtQ8YQ   In the construction business especially, banking is very important. Why? Because we have natural timing differences in costs versus billing. Additionally, sometimes we need financing for larger equipment and/or a...

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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

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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...

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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...

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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...

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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...

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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...

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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...

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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....

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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,...

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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?...

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