Accounting Article Library

"You've got to know when to hold 'em, know when to fold 'em. Know when to walk away and know when to run." These lines from Kenny Rogers' song "The Gambler" were meant as sage advice for poker players. However, it probably never occurred… read more

So, here we are in the midst of worst economic recession since the Great Depression. If you’re like many contractors, you’ve had to cut costs because your volume isn’t enough to support the layers of general and… read more

Is your accounting department helping your construction business run like a well-oiled machine? If you said no, perhaps your accounting gear needs a little maintenance. The four key functions in your office include accounting,… read more

When your construction company is looking for a project manager, what attributes should you consider? The following skills can help ensure successful project management. Looks into the future. This means being able to see problems… read more

I’m often asked: “What do you see in the construction industry right now?” What this question usually really means is: “Am I better or worse off than my competition?” In every segment of the construction… read more

With the battering most construction businesses have faced in the past year, it’s more important than ever to keep a close eye on costs, including analyzing overhead and breakeven statistics. But this task can be more complicated than… read more

There are many ways that contractors can define success. Some look at the bottom line and judge success purely on their expectations for the company. Some consider whether the company’s profits allow them to live their desired… read more

Your business faces risks everyday, and the success of your business depends on how well you identify and manage these risks. If you don’t monitor and assess your risk, you need to start – and never stop. At a minimum, you… read more

Many construction contractors equate "mark-up" with "gross profit". Why not? They come out to the same number in the end, right? Not quite. Consider the contractor that estimates the costs for a contract at $100,000. He then adds 20% to… read more