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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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The Worst Training You Can Buy (And Waste Your Time On)

You Found the Perfect Seminar… It’s the training resource you’ve been looking for to make the changes you want in your company. The main problem – your QuickBooks company file was set up wrong from day one. You’ve been making do, but haven’t been getting the job-costing information you need. Now you’ve found the solution …

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Account Reconciliation – Discrepancies

Account Reconciliation

Company owners sometimes ask me:  “Should balance adjustments arising from account reconciliation problems cause me any concern?” In my experience and opinion, accounts should reconcile–right down to the penny–almost all of the time! The account reconciliation process is just a large matching game where you match your accounting entries to the bank’s entries, and then …

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Types of Accountants

Types of Accountants

This article by Dan Rooks describes the various kinds of accountants and their roles.  Info Plus President, Diane Gilson, contributed some thoughts and background information. Dan is co-founder and CEO of Decisive Systems, Inc., a software company that measures the operating cost of heavy equipment. Besides creating “Tools to make smart machine owners smarter”, DSI also …

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