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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished.

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Let’s look at some of the best tips and advice for bookkeeping for home service contractors. Importance of Bookkeeping for Home Service Contractors Bookkeeping for small construction businesses and home service contractors is crucial for many reasons. See also: Quickbooks for advertising agencies.

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“Do I grow my business and put on more staff or stay as I am?”

Reckon

We sat down with Jocelyn Hudson, owner of Your Place or Mine Bookkeeping Service , to ask her about the pros and cons of hiring new staff to grow your business. Another risk to taking on more team members is the extra time, effort, and liability when it comes to payroll responsibilities. or ‘has it gone too far to manage?’.

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How to Find the Best Bookkeeping Service For Your Construction Company

Steve Feinberg

When it comes to running a construction firm, bookkeeping is one of the most important aspects of keeping your finances in check, your budget balanced, and your business profitable. But construction isn’t like a sales-based business, which may only have a single revenue stream and predictable expenses from quarter to quarter.

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Regular Bookkeeping vs Construction Company Bookkeeping: What’s the Difference?

Steve Feinberg

Every business needs a strong bookkeeping system at its core to account for the everyday variables that make a business profitable— taxes and fees , payroll, expenses, etc. Bookkeeping is a highly specific task, and it’s understandable that not every business owner would know how to, or would even want to, take on the job themselves.

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What advice does a seasoned bookkeeper give to tradies?

Reckon

So, I had a strong background in the nuts and bolts of managing the books as well as paying 150 staff on the payroll. One day a dear friend of mine, who had started his own construction company a few years earlier when I told him “You really need a good bookkeeper, you know that? It all depends on the client really.