For contractors, the road to success is riddled with obstacles. In the face of ever-changing material expenses and fierce competition, you must deftly maneuver through a multifaceted industry landscape to remain financially stable. However, there’s… Read More »3 profit-killing problems you can solve with job costing
In today’s fast-paced world, success is often attributed to a combination of intelligence and hard work. Electricians stand out as a prime example of this ideal blend. With a combination of sharp decision-making skills and… Read More »Electrical contractors guide to job costing
An estimate assesses the probable total cost of an upcoming project. An effective estimate accomplishes three main things for painteres: Estimating is crucial for securing jobs, whether you’re competing with other bids or dealing directly… Read More »How to estimate a painting job
How do you know for certain that you’re growing your painting company the right way? It’s a tough question to answer. It requires you to look at every aspect of your business. From bidding to… Read More »Maximizing profitability: Job costing tips for painting contractors
Legendary NFL head coach Bill Parcells famously said, “you are what your record says you are.” Numbers don’t lie, and results often speak for themselves. As a construction contractor, you should know what your record… Read More »Construction financials 101: Understanding financial statements
As a critical part of any project, construction purchase orders serve to bind together buyers and sellers in a way that encourages trust. As a specialty contractor, you’ll likely find yourself as a buyer in… Read More »Understanding construction purchase orders
Construction change orders are documents that detail the addition or removal of work from the original scope of a project that was agreed on by the contractor and their client prior to any work being… Read More »Construction change orders: Everything you need to know
Continuation sheets, such as the AIA G703 form, provide key pieces of information on each item of work that general contractors and project owners use to monitor the progress of that job. At a glance,… Read More »How to fill out an AIA G703 continuation sheet
Construction accounting is unique from any other industry. It requires specialized skills and knowledge that traditional accounting rarely dips into such as work-in-progress (WIP) and retainage. The key difference, however, is that construction accounting requires… Read More »Construction accounting methods 101: Accrual, cash basis, and revenue recognition
Job costing is central to construction accounting for its ability to track and allocate all associated costs for a specific job. When done right, it’s a powerful tool for understanding job-level profitability and is key… Read More »Best job costing app integrations for QuickBooks Online