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More stories about Finance

  • Let BuildWorks Basic and Quicken Show You the Money

    Compared with Timberline or Great Plains, Intuit's QuickBooks Pro is a simple entry-level accounting system. But "simple" is a relative term. For a small contractor who just needs a way to replace the checkbook in his back pocket, even QuickBooks can be overwhelming.

  • Why Operate Legally?

    It's hard to be competitive when you do everything you're supposed to, yet know the system is rigged against you if you don't.

  • WIP Your Company Into Shape

    How often has this happened to you: After what looks like a really good month, you go out and buy an expensive piece of equipment, like a truck. Then the following month is a really bad one, and you wish you hadn't.

  • QuickBooks Pro vs. Contractor: Which Is Better?

    The answer, says a Maine business-systems consultant, depends on whether you like packaged reports or prefer to customize the program to match the way you do business.

  • Business

    Accrual vs. cash accounting; finding the best remodeling customers

  • Why Subs Must Carry Liability Insurance

    As the general contractor, you have liability insurance to protect you from claims for bodily injury or property damage caused by your negligence. So why, you ask, is it important for your subs to have liability insurance, too?

  • Business

    Saving on workers' comp; putting subs on the team; improving efficiency with the 80/20 rule

  • Allocating Overhead to Labor Makes Financial Sense

    If I were to ask ten contractors how they calculate and apply overhead (indirect expense) to their estimates or time-and-material work, I would get ten different answers. If I were to press further as to how they arrived at their numbers, most of their methods would turn out to be arbitrary or have...

  • Making the Markup Move

    Are you charging what your work is worth? Seven veteran builders tell how they learned to stop undercharging and get serious about turning a profit.

  • Legal: Death of a Contractor

    Death of a contractor