Category Archives : Construction accounting

Ask the Expert  /  Construction accounting

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. Right?! Because…

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, given the mess we…

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…

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…

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, sure, some like equipment…

Three Ridiculously Easy Ways to Increase Profitability in Your Construction Company Have you ever wanted the “easy button?” Who doesn’t?! If there was an easy button for running a construction contractor and turning a profit, we would have loved it.  We never found the easy button, but we did find…

Three Mistakes Construction Companies Make in Their Business Construction contractors are tough, resilient, and relentless at building a successful business.  They are hard-working and committed to doing the right thing and rewarding their team.  Construction companies also tend to be just a tad bit competitive, LOL, so they want to…

My favorite holiday is New Years.  I love it. I love the reflection and planning that comes with a new year.  For the most part, I’m a, “God faces your forward for a reason” type person, but at year end, I do like a bit of reflection and review so…

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…