6 Things Construction Companies Should be Doing in Accounting

In the construction industry, cash flow is king! It is a daily responsibility for any contracting company. Profit margins are always razor-thin in this industry, which means you need to do everything you can to increase your production and maximize profits. That means projecting job costs, identifying problem areas before they arise, running labor analysis, and constantly measuring productivity. Here are a few tips that will help. Continue reading

Three Factors That Can Determine Whether Your Equipment is Helping You Profit

Equipment Should ContributeDo you question whether the equipment in your construction fleet is profitable or if you should be renting equipment as needed instead? Do you have a piece of equipment that often sits idle for months and don’t know whether to sell it or hold onto it – just in case? Continue reading

Common Errors in Converting to New Construction Accounting Software

Napkin Floor PlanA great writer once said, “Beginnings are always messy,” and this is often true in the construction industry. Some of our most trying events happen at the beginning of a new project, which can make the whole project messy from day one. However, with the proper plan, potential pitfalls can usually be avoided. Continue reading

Is your CPA doing everything they can for you? 7 Questions to Ask

HelpThe construction industry is a difficult one – full of strategic planning, tight deadlines, demanding customers and lean margins. In some projects, just 2-3 percent can be the difference between profit and loss.

However, construction companies that navigate this industry expertly have learned to surround themselves with others who understand the business – especially their CPA firm. You look for subcontractors who have experience in a particular type of work; your CPA firm shouldn’t be any different. Don’t settle for just any old number-cruncher. To be on target in this business, you need a CPA that understands construction. Continue reading

Prevent Major Construction Losses with a Solid Job Costing Structure

Have a PlanIn the construction industry, cash flow is essential to staying viable in a competitive market. Even some of the most profitable construction firms have gone out of business because of poor cash flow management.

Perhaps the reason cash flow is so difficult in construction is that by the time a job is awarded, significant resources have already been invested into it – from the time spent on the lengthy bidding process, to manpower on the job site, to purchasing materials and renting equipment. Often, these expense are incurred months before ever seeing a payment. Continue reading

Why You’re Running Out of Time to Save Big on Taxes through New Software

Uncle SamSection 179 Deductions and Bonus Depreciation have been used extensively in the construction industry. Both grant your company big savings on taxes as a result of any major equipment purchases you’ve made in the tax year. Accounting and project management software is included in the equipment that qualifies, and it’s been one of the most popular routes that contractors have taken to seize this opportunity. Continue reading

New Webinar: “7 Tips to Keep Your Premiums from Skyrocketing”

Last year, we had the privilege of hosting a webinar alongside Matt Mauller, Vice President of Neace Lukens Insurance Agency. At the time, we were in what he called a “soft market” for insurance. Premiums were low, and he told us how to take advantage of the market by either renegotiating with our brokers our kicking them to the curb and finding a new one. You can recap that information by viewing our previous webinars. Since that time, the insurance market has taken a hard turn. Premiums are going up, and it’s making life tougher for contractors. Luckily, Matt Mauller is coming back this year to co-host another webinar, “7 Tips to Keep Your Premiums from Skyrocketing.” Matt will tell us about the current market, how we got there, and what you can do to prevent your premiums from following the upward trend.

This webinar is a must-see for contractors, and it’s absolutely FREE. Space is limited, so be sure to register today!

Are You Getting Your Money’s Worth Out of ComputerEase Construction Software?

Some of our customers take ComputerEase Construction Software to a basic level and then stop. They only use 50% of the software’s potential. We want to fix this by offering two full days of training on ComputerEase in Cincinnati, Ohio on September 20th and 21st.

You have completed the hard work – the hours setting up the software are behind you. Now, with a little more education, you can take full advantage of the software’s potential. This advanced training course is a compilation of the best ideas from over 6,000 contractors using ComputerEase over the past 30 years.

It’s time for you to become an expert on ComputerEase. Did you know that over the past 2 years ComputerEase has added over 300 new features to the software? How many of these features are you using? Attend this class and we will make sure you are using all of them.

To learn more or register for the class, visit the Event Signup Page.