TPA Program Work: Is It Profitable for Your Restoration Company?
Key Takeaways More Restoration Jobs, but Where’s the Profit? Your restoration company joins a Third-Party Administrator […]
Xactimate Estimate vs. Actual Job Cost: Where Restoration Margin Goes
Key Takeaways “The Estimate Was $42,000. Where Did the Profit Go?” Your team completes a water […]
Insurance Receivables: Managing Cash Flow for Restoration Contractors
Key Takeaways Why Are We Always Waiting on Insurance Payments? Your water mitigation crews are busy. […]
Retainage and Pay-When-Paid: Cash Flow Forecasting for Subcontractors
Key Takeaways Busy Crews, Empty Bank Account Your electrical crews are working full weeks. The pay […]
Change Order Tracking: How Contractors Lose Margin on Unbilled Work
Key Takeaways “We’ll Settle Up at the End” Can Cost You A superintendent requests extra work. […]
WIP Schedule for Contractors: Over/Under Billings Explained
Key Takeaways Why Does My Construction Profit Jump Around? Your crews are busy. Progress invoices are […]
What Is a 13-Week Cash Flow Forecast—and Does Your Business Need One?
Key Takeaways Your business can be profitable and still run short on cash. Imagine that payroll […]
Cash Basis vs. Accrual Accounting: Which Is Better for Your Business?
Key Takeaways Imagine opening your Profit and Loss Statement and seeing that your business had an […]
How to Plan for a Slow Season Before Cash Flow Gets Tight
Key Takeaways It’s the middle of your busy season, and business is booming. Jobs are booked. […]
What Happens During a Month-End Close? A Guide for Business Owners
Key Takeaways Your transactions have been categorized. Bank feeds are connected. Your accounting software can generate […]
How to Build a Chart of Accounts That Actually Fits Your Industry
Key Takeaways Open your Profit and Loss Statement and take a look at the categories. Do […]
Which Financial KPIs Matter Most for Growing Businesses?
Key Takeaways Growth is usually considered a sign of a healthy business. Revenue is increasing, new […]