Do You Really Understand the Financial Position of Your Construction Contracting Business?
Updated: Jun 23, 2020
If you’re like many people who own construction contracting and service businesses, you likely have little to no financial training. That’s OK, you probably have a slew of other skills which allowed you to move into the realm of business owner.
It is also likely that you put a lot of time and thought into knowing where your crews are, what they’re doing, and which tools and supplies they’ll need for the day. Yet, you may be less likely to know where your dollars are, what job each dollar has, and how well they’re pulling for the team.
Run a better construction contracting business
While business management is a multi-faceted matter, one of the best ways you gain acumen in the business world is to know and understand how to make best use of the money you control. You know you’re “getting it” when you can:
Grasp the benefits of Job Costing
Discern the difference between Revenue and Gross Profit
Recognize the importance of Document Management
Increase your savvy in the Budgeting department
Focus on the Important Data
Getting to the money matters part of accounting means you can know (not just guess) when to put your marketing dollars to use or which types of jobs will never be your friend. It means you can make sense of what was once a whirlwind of numbers and terminology.
Why build your money management skills?
Develop your money management expertise so you can help your construction contracting or service business prosper. When you see where your company’s money is actually going, you’re better able to build a path toward success.
How Schulte and Schulte fits in
Our goal is to assist you in creating an easy to follow and understand bookkeeping process. Further, we explain what is happening along the way, giving you the benefit of discerning your financial standing and taking advantage of that knowledge.
Let’s build this together. Call 480-442-4032 or get in touch here.
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