The following information is based strictly on the Percentage of Completion type of WIP Reporting, which we suggest as the best practice...

WIP Reports -- A Powerful Tool in Your Financial Toolkit The question we answered in an article titled Is a WIP Report Worth the Effort?...

Supply chain problems, supply chain disruptions, supply chain issues! It’s everywhere. Neither you nor our firm can fix a worldwide...

Construction Estimating is Hard Construction estimating is complex. It requires a blend of detailed mathematical calculations, in-depth...

The first two parts of this four-part series concerning building an excellent bid package were Knowing What to Bid on a Construction...

The first (introductory) article of this four-part series concerning building an excellent bid package titled Knowing What to Bid on a...

So, a construction project has gone out for bid, and you’re interested in getting in on the action, but you’re unsure how to know your...

The first part of this four-part series laid the foundation concerning cash flow . The second part discussed essential components of cash...

The first part of this four-part series laid the foundation concerning cash flow . The second part discussed essential components of cash...

The first of this four-part series concerning cash flow management for construction contractors lays the foundation for this article and...

Managing cash flow in a trade contractor business isn’t just about numbers—it’s about timing, strategy, and sometimes a bit of patience....

Financial Clarity for Construction Business Owners If you’re watching your dollars drift away, unsure of how they became untethered or...

Organized Accounting in Construction – Cash Flow Have you ever wondered why some construction companies struggle with low cash flow?...

Are your accounting records haphazard or outdated? It’s more than just a hassle—it’s a liability. At The Profit Constructors, we offer a...

Introducing the 90-Day Remodel  service offered by The Profit Constructors.   Bookkeeping Services for Construction – Is Like . . . It’s...

W-9 Comes Before 1099-NEC The first step to dealing with IRS Form 1099-NEC in your construction business is to collect and manage IRS...

1099-NEC Misclassification Examples When IRS form 1099-NEC is misused. . . bad things can happen. Strippers were employees, not...

Let’s start here. There is   no such thing as a 1099 employee . People who work for your construction business are either employees or...

Always Be Reconciling   Reconciling Accounts in Construction The bottom line, low-down, simple purpose of reconciling construction...

What Does Labor Burden Have to Do with Cash Management? The quick, simple answer to what labor burden has to do with cash management is...