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Author: Diane Gilson, Certified Advanced QuickBooks ProAdvisor

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Labor Profit Tip #5: The Secret to Making Better Hiring Decisions

Labor Burden Information Tip #5: Make Better Hiring Decisions by Thoroughly Understanding Potential Additional Costs Bad hiring decisions can have a devastating effect on your bottom line, so you want as much objective data at your fingertips as possible before you hire. You can use labor burden calculation information as a starting point when it’s …

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Labor Profit Tip #3: Your Gross Profit numbers may be misleading

Labor Burden Information Tip #3: To See Accurate Job-Cost Reports, Assign Labor Burden Costs to Each Job. If you’re looking for ways to make your company more profitable, getting a handle on your fully burdened labor costs is a critical place to start because it can show you how to: Estimate labor costs more accurately, Price jobs to …

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9 Ways to Take the Pain & Suffering Out of Tax Time

It’s That Time of Year Again – TAX TIME! And guess what? I’ve been working with clients who have been turning their numbers over to their tax accountants starting the middle of January! Do you dread January, February, March – and beyond – because those months seem to turn into “Franken-tax” time? Are you asking …

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QuickBooks Items: The Secret to QuickBooks Job-Costing

This post about QuickBooks items is based on our more extensive training video of the same title in our Construction Accounting & Management Program (CAMP). Why are QuickBooks Items Especially Important for Construction Companies? QuickBooks Items let you track, and report on, the financial detail underlying what’s REALLY going on within the financial side of …

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QuickBooks Online User Permissions and Choices

When it’s time to set your QuickBooks Online User Permissions, here are the choices you’ll see in the Plus version. You’ll need to decide what access and permissions you’re willing to grant to which users… Company Administrators have all access rights within QuickBooks Online Plus. They also have all access rights for any other service your company subscribes …

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It Just Doesn’t Make Sense!

“Why isn’t my company making more money? We’re busier than ever, I’m working harder than ever, but things just aren’t coming together like they should!” If this sounds or feels familiar, you may want to sit in on this meeting to pick up some ideas… It Just Doesn’t Make Sense!!! Matt was nearing the end …

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Why Nick Might NOT Get His Business Loan…

Ever wondered if you could receive more useful and meaningful reports from QuickBooks? Good financial information is not just a matter of convenience! Nick is finding out that what he DOESN’T know about his financial system could pose a major setback to his business… Nick’s “Unique” Profit & Loss Statement “Wow, this is about the longest …

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Top 5 Things QuickBooks Experts Always Do (and You Should Too)

New to QuickBooks? Feel like you’re all alone? Well, you’re not! You’ve started your new business from scratch and know you need to really get a handle on your numbers. Maybe you’ve been recruited by a family member – or hired by a business owner – to take over the bookkeeping. Perhaps you’ve decided to switch your …

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How to Use QuickBooks Job-Cost Features to Achieve Your Gross Profit Goals

QuickBooks is designed to help you to plan, measure, and monitor company and job results. When you use its management reporting tools you can immediately see operating and financial results. You can use this information to proactively take action to correct problems – before they spin out of control! Or, after you take a deeper look, you …

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Top 7 Reasons Business Owners Call a QuickBooks ProAdvisor

Assistance from a QuickBooks Prodvisor

Based on 20+ years of incoming requests for assistance from business owners, here are the top 7 reasons I’ve found that they call me as a QuickBooks ProAdvisor. See if any of these scenarios sound like what you may be facing in your company… As a business owner, you learn through trial and error what makes …

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5 Ways To Make Your Construction Business More Profitable With QuickBooks

COGS in the business machine

Finding clients and providing products and services – that’s just the beginning! Here’s how to be more profitable with QuickBooks… Successfully managing your own company means that you need to get profitable – and stay that way. Unfortunately, many business owners don’t realize how their day-to-day financial info impacts their profits. To achieve consistent profitability, …

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Markup Calculator & Gross Profit Guide (+ Quick Conversion Charts)

Use this overview reporting example to help check your company-wide Gross Profit. If you divide your profit by the Cost of Production, you can then compute what your average Markup has been. Have you been charging enough?   Use the following reference charts to easily convert between Gross Profit and Markup as you estimate costs …

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How to Squeeze More Profits Out of Every Construction Job

How to squeeze more profits out of every job

A version of this article first appeared in the Builder Partnerships newsletter. It just seems logical that every business owner would want to know exactly what each type of job costs, so they know how to price it. Right? And they’d want to monitor what’s going right and what’s going wrong (financially) as the job …

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