It's obvious that without customers, your company wouldn't be in business. But not all customers are alike. Some account for a big percentage of your profit, while others' contributions may be negligible.
In the News
Thursday, May 7, 2020
All construction companies store equipment, from a garage full of tools, to a scissor lift, from something as simple as an auto trailer, to something as complex as a hightower crane.
Thursday, April 23, 2020
While personal credit ratings and FICO scores are kept up automatically — like scoreboards at sporting events — business credit scores are more hands-on and reserved for the proactive and savvy businessperson. There are certain key points about business credit scores and credit ratings that can increase your awareness and your ability to access financial markets.
Thursday, April 9, 2020
It's no surprise that construction sites are ranked high on the list of the most dangerous workplaces. Nail guns, heavy falling objects, saws and other items are often the cause of serious injuries. The possibility of serious injuries or fatalities is higher in construction than most other industries.
Thursday, March 26, 2020
Builder's risk insurance provides protection for a structure that is damaged during construction. These policies are usually broad. In fact, the coverage is generally extensive enough to include construction equipment and machinery, as well as materials, fixtures, and appliances -- all vital parts of a completed structure. It can also cover temporary structures, such as office trailers, on a project site.
Friday, March 13, 2020
As you may know, contractors have multiple accounting methods to choose from. But some are off-limits to certain contractors. As your construction company endures the ups and downs of a bumpy industry, it's worth your while to review your options
Thursday, February 27, 2020
When the busy season comes, the last thing on your mind is accounting for your projects. You and your employees are concerned with only one thing: keeping up in delivering quality projects on time.
Bookkeeping comes long after your firm's other priorities such as...
• a broken down delivery truck with five pallets of job-site materials on the highway,
Thursday, February 13, 2020
Many construction bookkeepers have gaps in their knowledge about how to produce quality financial statements. That can matter at year-end. There is only so much your accounting or tax advisor can do at the end of the financial year to correct or modify poorly recorded transactions.
Thursday, January 30, 2020
One of the basic costs of doing business is insuring your workers against injury on the job. Escalating medical bills and other factors have caused Workers' Compensation insurance to increase dramatically. Explore options for reducing the cost of coverage with your insurance agents.
Thursday, January 16, 2020
Be careful when hiring teenagers to work for your company after school and during the summer months.
