Profit is the fuel that keeps everything running. Whether it’s a small mom & pop shop, or an international giant, no business can last long that doesn’t consistently turn a profit. However, the actual term… Read More »Identifying indirect costs in construction
There is a concept in the contracting world known as kicking the can down the road. This looks something like going in too low on a bid or taking a job that doesn’t have great… Read More »Cash flow management for contractors: 6 tips to improve construction cash flow
Plumbers are, without question, the backbone of modern infrastructure—the average American uses 400 gallons of water per day. As a vital part of society, competition in the plumbing trade is fierce. Of the 115,000 plumbing companies… Read More »The key to plumbing accounting success: job costing vs. process costing
Time tracking is essential to any construction job. Especially when considering that most contractors will generate a significant portion of their income through billing labor hours. Unfortunately, it’s been estimated that small business employers overpay 200… Read More »How to change a timesheet in QuickBooks when job costing
Learning how to set up job costing in QuickBooks is crucial for any project-based business that wants to better track expenses. For small construction businesses that need to maintain healthy cash flow, identifying exactly where… Read More »How to set up job costing in QuickBooks
It’s happening! The longed-for reunion of the accounting community at an in-person #QBConnect is this week, from November 7 through November 9. Our team couldn’t be more excited to see you all in Vegas this… Read More »QB Connect : The reunion
Every construction project comes with a unique set of challenges, site conditions, deliverables, and budget constraints. All combined these challenges make managing any construction project quite the daunting task. However, you can navigate these challenges… Read More »The essentials of an effective schedule of values in construction
Construction work in progress (WIP), is a necessary accounting process that details the status of a partially completed job and its associated costs. Working in tandem with the percentage of completion method for revenue recognition, WIP reports play… Read More »Construction work in progress: Everything you need to know about WIP
Once again, it’s that exciting time of year where the accounting community gathers to reconnect, network, and explore new ways to help their practices thrive. Scaling New Heights begins this Sunday in Orlando, FL (June,… Read More »#SNH22 – Thrive
How do you know whether it’s time to move your accounting software to the cloud? These growing pains may indicate that it’s time to move from QuickBooks Desktop accounting software to QuickBooks Online. QuickBooks Desktop… Read More »Outgrowing desktop software: Time to go to the cloud with QuickBooks Online + Knowify