After this Tax Planning segment in All Access, you’ll have the timing down, a checklist of items to gather and a list of questions to ask to get the most out of your tax planning. “YEET” was heard throughout the house as it was screamed by one of our teenagers. ...
Have you ever had a job that would never end? Back in our construction contractor days, we used to joke that we were the best 98% complete contractors out there. We were great until we got to the final 2% of the job then it seems the job would drag on forever. And...
Ever had that nagging voice in your head saying, “I hope we’ve billed all our jobs….I think we billed all our jobs….how do I know if we billed all our jobs”? Because we've been there too, this month’s mission is to seek and bill those pesky jobs that may have fallen...
Have you ever felt completely overwhelmed by your to-do list, or the people calling you, or the growing number of emails in your inbox? Would you like to know my secret to fix it? Click here to get our Top 10 Tips for when you have too much to do and not enough time!...
There are three times a year that we like to focus on cash management in a commercial construction company: Late fall – tax planning and the winding down in the workload require some additional cash management. Early spring – we survived the winter and there is a...
Are you on track to hit your 2019 goals? May is the month to do a checkup of your financial performance to check your progress. Why May? May is a shoulder month. It’s past the first quarter but it hasn’t gotten CRAZY busy like the summer months. We now have 1/3...
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...
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...
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...
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...
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. :-))...
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...