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Grow By The Inch Is A Cinch, Grow By The Yard Is Hard

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. To prove it learn about a painless you may be able to earn 36% Return on Investment by changing one simple thing your contractors bookkeeping system.

It is late on a Friday night almost 11:00PM and I was inspired to write one last article before the week is over and I trust someone, somewhere will get value from it and maybe a bit of inspiration to keep on keeping on.

How high is the stack of paper on your desk?  2”, 4", 6” or more? Would it be helpful to know more information than just how much and when the checks cleared the bank?

Contractors Bookkeeping Services Four Levels Of Learning

As someone who has been around since the early days of information technology...beginning with chiseling on stone tablets, moving on to using charcoal to write on the back of tree bark and then progressing to IBM punch-cards, it is good to finally get close to using current technology in an era where we can have QuickBooks desktop version online and have it appear as if it were on our local computer.

QuickBooks Job Costing Work In Progress (WIP) Reports

Job Costing Work In Progress (WIP) Reports are not included in QuickBooks For Contractors. These are custom reports that must be built by putting together combinations of reporting options inside QuickBooks For Contractors software. There are thousands of possible combinations so the best approach is to decide what you want the report to do for you before investing several hours building one.

All Contractors Wrestle With Having Journeymen Vs. Paying Subcontractors

When I say "Journeyman" that means someone who has a minimum of 10,000 hours combined experience in training and practice. In our trade we call bookkeepers who work for retail stores, bookkeepers. Construction bookkeepers are people with at least 10,000 hours training and practice in construction accounting and bookkeeping services.

Construction Company Opportunity Costs

Opportunity costs are something contractors earning over $200,000 a year in take home pay understand and use on a daily basis and since the majority of our readers earn less than $75,000 I felt it would be something useful to share.

Every day Your Get Bombarded with ways to spend your hard earned money. Instead of saying no all the time here is a key strategy you can use to separate the good from the bad.

Contractors With Job Costing Library Have A Competitive Advantage

Every contractor has a Job Costing Library, some keep it in their head, some keep it on paper with names like completed jobs, bids, estimates. Other contractor's keep it in their QuickBooks for contractors software records. Still other contractors rely on places like RS Means for comprehensive databases of construction costs. These are similar to the "Flat Rate Books" used by car repair shops for decades.