While WIP Report Mistakes can have to do with inaccurate data input, there are numerous higher-level mistakes to avoid. Mistakes that can...

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...

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Are your accounting records haphazard or outdated?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...

Understanding your construction company’s cash flow is crucial to making sound business decisions. For example, when you know your...

Have you ever ordered too many or too few supplies for a project or over or underbid a job? Have you ever failed to account for...

There are two sides to the accounting coin used by profitable construction contractors: Past and Future. Accounting for the Past...

So, what is a sleek construction business? It is refined, polished, streamlined, smooth, visually appealing, functional, sustainable, and...