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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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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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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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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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A Tale of 4 Companies: A Job Cost & Gross Profit Percentage Drama (Part II)

Paul (of Paul’s Perfect Projects, LLC) tackles the gross profit problem by showing Dave his Estimate vs. Actual variance reports.  (If you haven’t already read it, you’ll want to visit Part I of this “Tale of 4 Companies: A Job-Cost & Gross Profit Percentage Drama” before jumping into the following “Part II”…) Paul’s Approach to …

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