Note: We are tracking the latest construction industry news and online resources for contractors in the time of COVID-19.
Please note that the PPP loans are closed; and other SBA loans are hard to get.

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    What Does Your Accounting System Say About Your Construction Business?

    Posted by Sharie DeHart on Fri, Oct 09, 2020

    How many times a day do you hear from someone saying, “It’s Boring", or "I’m Bored.” It is a red flag that should light up your “Oh Crap” meter. Moreover, more important, whenever an employee says it. Because this usually means they are shortcutting the work versus the fact that you have so many right processes in place that the work is genuinely dull. Being bored is a factor in manufacturing jobs.

    I saw a special where a manufacturer described how the process is that they moved employees on a scheduled basis between workstations to help them avoid boredom and stay fresh throughout their workday. Proved to be a Win-Win for everyone. Studies found that alert employees have fewer accidents, which in turn reduces your cost of doing business and raises cash flow and profits.

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    Topics: The Contractors Account, Construction Accounting, contractors bookkeeping and accounting, Accounting Software for Contractors, Contractor

    Contractor Bookkeeping Basics Explained

    Posted by Sharie DeHart on Fri, Mar 31, 2017

    Contractor Bookkeeping Basics and Why

    Today’s technology says “Do Everything On Your Phone”

    Use an app to create an estimate, or better yet just send the estimate in the body of the email. That works when the customer’s reply is “Do It”. Great you start the job, finish the job, never send the customer an invoice; Why – They Don’t Need One – they know how much to pay from your original email because you included short explanatory paragraphs about each item of work you did.

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    Topics: Contractor Bookkeeping, contractors bookkeeping and accounting

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