Your construction company can be busy, your jobs can be profitable, and your Profit & Loss Statement can show that the business made money—and you can still look at the bank account and wonder: Where did all the cash go? That can feel contradictory, but profit and...
How Contractors Can Tell Which Construction Jobs Are Actually Making Money A construction company can be profitable overall while individual jobs lose money. One strong project can help cover the losses from another. Several profitable jobs can hide one project that...
How Contractors Can Tell If Their Construction Business Is Profitable You have work on the schedule. Crews are busy. Invoices are going out. Money is coming into the bank. But is your construction business actually making money? That question can be harder to answer...
Why Most Construction Companies Don’t Have a Bookkeeping Problem When a contractor tells me they’re struggling financially, the first thing I don’t assume is that they have a bookkeeping problem. More often, they have a visibility problem....
Many contractors believe that if revenue is growing, the business must be doing well. Unfortunately, that’s not always true. I’ve seen contractors generate hundreds of thousands—even millions—in revenue while still struggling to pay bills, cover payroll,...
