Appreciating Depreciation

The 2009 American Recovery and Reinvestment Act increases deductions for capital assets, which is good news for small- and medium-size...


Job Costing

 

Labor Burden

  • Cutting Costs

    By now your 2009 budget should be nearly complete — how does it look? Are you making the money you, as owner, need to make?

     
  • Opening the Books, Fortifying the Bottom Line

    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.

     
  • Finding Employees’ Hidden Costs

    Industry consultant Leslie Shiner shares tips on how to add labor burden into your employees' hourly rates.

     
 

Markup-Overhead-Profit

Slippage

 

Percent-Complete Accounting

  • Percentage-of-Completion Accounting: What's It All About?

    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.

     
  • Percent-Complete Accounting

    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...