The 2009 American Recovery and Reinvestment Act increases deductions for capital assets, which is good news for small- and medium-size...
Purchase orders help remodelers not only keep track of estimates and costs, but help them to budget accurately.
In a tough economy with consumers putting projects on hold or downsizing project scope, remodelers are having to rework all aspects of...
A remodeler uses a layaway plan to help clients complete smaller projects and ride out the recession.
By now your 2009 budget should be nearly complete — how does it look? Are you making the money you, as owner, need to make?
Don’t be afraid of open-book management, says one remodeler whose profits, productivity, and staff cohesiveness are stronger as a result of showing his employees the numbers – right down to his own compensation.
Industry consultant Leslie Shiner shares tips on how to add labor burden into your employees' hourly rates.
Plan for 2010 using realistic targets for volume, gross profit, and owner compensation.
A Minnesota remodeler cuts overhead and retrains staff in an effort to ride out the rough economy.
Construction fraud has worsened in the troubled economy. Here's what you can do to protect your company.
Get back to good estimating and job costing to offer accurate pricing on your jobs.
When John Gemmi of Gemmi Construction, in Doylestown, Pa., started sharing each project's financial information with his four lead...
POC accounting methods provide more accurate results before the final numbers are in, especially for remodeling projects that stretch out over time. How to use this useful method, by QuickBooks expert Diane Gilson.
Of the four methods used to recognize income, costs, and profits on construction contracts, cash and accrual are most familiar. The best accounting method for remodeling projects is percentage of completion because it recognizes revenue, cost, and gross profit throughout the life of each contract...
