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Having the company perform work for the owner is essentially the same as taking money out of the company and should be recorded that way in the financials.
Guest blogger Ruth Ann Monti, writing for Shawn McCadden’s popular Design/Builder’s, looks at some digital tools to streamline your business.
A CRM system is essential for a remodelr. Here's a short list of key CRM capabilities.
Take some pain out of the yearly exercise of creating your jobs budget
Here's an effective way to organize and categorize expenses and job-cost data and compare the results with your forecasts.
Take a look at your “break-even volume,” which is the bare-minimum volume of work that you need to complete (and get paid for) in order to keep your doors open.
Managing by the numbers
In recent years I’ve spent a lot of time speaking to and consulting with builders and remodelers, big and small, and I’ve noted that there’s often confusion about what types of costs go where on a financial statement.
Pushing this inexpensive checkbook program to its limits can give you a simple, streamlined approach to check writing, payroll accounting, and job-costing.
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