Some types of work can keep your company extremely busy. The phone keeps ringing. Crews stay scheduled. Revenue keeps coming in. You may perform the same kind of work over and over because customers continue asking for it. That can make the service feel like an...
Your biggest customer may feel like your best customer. They may give you a steady stream of projects. They may represent a large percentage of your annual revenue. Their name may appear on your schedule more often than anyone else’s. But revenue alone does not...
Not every job that performs poorly is a type of work you should stop taking. A construction project can miss its expected profit for many reasons. The estimate may have been wrong. Labor may have taken longer than expected. Material costs may have increased. Change...
Your accounting system can give you hundreds of numbers. That does not mean you should monitor hundreds of numbers every month. Revenue, profit, cash, receivables, job costs, estimated costs, actual costs, Work in Progress, liabilities, margins, and dozens of other...
Your accounting system can probably produce more financial reports than you will ever want to read. Profit & Loss Statements. Balance Sheets. Cash Flow Statements. Job reports. Work in Progress reports. Accounts Receivable Aging. Accounts Payable Aging. And plenty...
