Topics: QuickBooks Construction Reports, Profit And Loss Reports, QuickBooks Construction Accounting, Contractor, finance
Operating at a loss means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and shouldn’t continue in the long term. Otherwise, you will eventually run out of cash reserves and be out of business.
So the first thing you need to identify is why you’re operating at a loss. If it’s because you’re still in the start-up phase, then you might not need to worry too much as long as you’ve got enough cash to meet your costs. But if the losses are due to a decline in sales, then it’s time to review your construction business and, if necessary, get professional help.
Topics: Profit And Loss Reports, Construction Marketing, Contractor, Contractor Tips, finance, Contractor Operating Tips
QuickBooks Profit And Loss Reports - That you can have instantly by pushing one button is extremely valuable to operating and growing your construction business because it shows how much your business is earning for you!
Topics: QuickBooks Construction Reports, Profit And Loss Reports, QuickBooks For Contractors, QuickBooks, Reports, QuickBooks Reports, QuickBooks For Contractors Setup