All Articles Tagged Accounting
Wednesday, February 08, 2012
What P&L Statements Show About Job Profitability
Steve Firszt | 02/08 08:24 AM,
1 Comment
A time-consuming activity on a job site is having installers try to keep track of how many feet of this or that got pulled today, how many connectors got used, how many plates were installed. This slows down the actual installation work, while providing information that isn’t worth as much as the time it takes to collect it. Ask the installers to make notes about high-impact things like: What didn’t get done that we still need to get done or customer change order requests. And ask them to record the…
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Tagged: Accounting
Tuesday, November 15, 2011
Track Those Itty Bitty Install Parts, Make a Profit
Steve Firszt | 11/15 06:43 AM,
0 Comments
When you put together a system proposal for a client, it's pretty easy to identify the major components of the system. I refer to these as Equipment – all the major, high-cost items specific to a job. Equipment items differ from labor and other job costs in that you are not estimating how many of each component will be required. Exact quantities are specified, and the system is priced accordingly. These items account for close to 95 percent of the materials cost on a project. You need to know how…
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Tagged: Money • Accounting
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