Category Archives : construction accounting

Ask the Expert  /  construction accounting

Cash flow is the lifeblood of the construction industry. But every project is different from start to finish, and contractors face many variables and cash flow challenges. With that said, there are several strategies to improve and increase cash flow throughout the job life cycle. 1. Negotiate upfront for reduced…

Check out our recent video on Why We Do Job Scheduling and the importance to help you see your construction financial health.  Also, learn more about our Construction Accounting Master Course here. If you have any questions, please send us a message.

 Scorecard ratios are one of our favorite things to talk about. Nerdy? Maybe. Important? Definitely! You might be wondering, why should we even bother with scorecards and ratios? It’s extra work for the company and can sometimes be confusing. The reason we like them here at Atlas CFO is…

Rather watch our video on the key points to establishing a successful relationship with your banker? Click here. Today we’re going to talk a little bit about one of the most important relationships any business owner has — the relationship with his or her banker. As a business owner in the construction…

There are many variables involved in cash flow for a construction contractor. (In the previous blog post of this series, we analyzed some specific cash flow problems and how to address them in your business. You can read those two blogs here and here.) Now we want to share our top three tips to improve cash…

In our previous blog post in this series, we briefly discussed the cash flow problems that construction contractors may face. (If you haven’t read that one, please click here.) Now, let’s dive deeper and analyze each of these problems. Identifying which one of these is present in your own construction business…

Construction contractors can experience a variety of problems with cash flow, especially during the spring and early summer months. We are going to share a brief overview of the most common problems commercial contractors face in their business. Problem 1: Growth Sounds crazy, right? Isn’t growth a good thing? Of…

After 20 years in the business of operations management, one of the most frequent questions I get relates to building a record retention policy and the procedures around it. There are many versions out there, but I’m a simple person. I’ll share my simple version and process. If you google…

Recently I read a survey of what owners want their accountant/Controller/CFO (here after known as Controller) to tell them. I have also moderated a panel aimed at getting answers to this same question. In addition, I have completed my very own sophisticated survey (randomly asking people questions) and found that…

An Accounting Calendar is just a fantastic tool to keep you from feeling overwhelmed. We call it an accounting calendar because we put accounting/back office duties on it for clients so they have due dates, cutoff dates and know when key reports are due. Shane and I use a calendar…