One of the questions we’re often asked by commercial subcontractors is, “How do you do it?” The following is a dive into what it looks like working with an outsourced accounting and advisory firm. (Well, we don’t know if it is true for other firms – but this is what it looks like working with us. 😎) Construction Accounting zoom in on understanding While it is always our goal to provide each of our clients with a clear and up to date financial picture of his or her business,

Counting the Cost in Construction Accounting Counting the Cost in Flood Waters There is an interesting law here in Arizona which is known by the name, “Stupid Motorist Law.” It says something to the effect of “any motorist who becomes stranded after driving around barricades to enter a flooded stretch of roadway may be charged for the cost of their rescue.” Apparently, the law can be found in Arizona Revised Statutes section 28-910. Also, just as apparently, the law isn’t reg

Client requests Strategy is involved when you determine what to do and what not to do when dealing with client requests. Be sure all your employees and subcontractors know what the strategy is and how to deal with the various circumstances. In my last post I presented information concerning how to deal with the inevitable change orders which pop up during construction. This time let’s look at when a client’s request for additional service or a change in production, materials,

Frequently, what we do to aid our clients as they grow their construction contracting businesses is a steady process wherein the gains are best noticed in hindsight. After a few months of working with us we hear things like, “Yes, that is exactly how I always wanted it to be, but didn’t know how to get there,” or “I had no idea it would be that easy, thank you,” or “This makes so much sense now, we had been doing it wrong for so long I didn’t think we could ever get it straig

When you first became a construction contractor or construction service business owner it was pretty simple – get a job, do the job, get paid, see how much money you made. Now, things are different. You have people working for you, people who rely on you in order to make a living. Knowing the whats, hows, and whys of construction accounting has become much more difficult. Following are 5 critical problems Schulte and Schulte solves for clients on a regular basis. Not knowing