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Builder Work: Profitable Business, or Expensive Hobby?
Builder work pays less. True or false? Doesn’t matter. That’s what most folks believe. I’ve had this conversation with specialty contractors enough times that I can usually finish the sentence for you. Let’s say you’re a window company, and you’ve got some ongoing partnerships with local production homebuilders. You handed over ten or fifteen points…
Profitable But Broke? Where Your Cash Actually Goes
You Made $180,000 and Have Nothing in the Bank. Here’s Where It Went. At the start of a Q3 planning meeting, an owner set out two things on the table: a profit and loss statement showing $180,000 in net income for the year, and a bank balance that’s barely moved since January. His first question…
A $2.4 Million Job With No Line of Credit
Last spring, a civil contractor we work with signed a $2.4 million site development subcontract covering grading, underground utilities, and everything else that has to happen before anyone else sets foot on a project. This was a very large project for his company that required cash needs up front. Between equipment, fuel, operators, and materials,…
Business Cash Flow Problems & How to Solve Them
You’re a business owner sitting at our conference table. You’ve got strong revenue, a full client roster, and a talented team. But they’re stretched to capacity, and you’re overwhelmed, wondering why “success” feels so hard. You’re still dealing with business cash flow problems. Your business is working. It’s just the financial infrastructure that hasn’t caught…
Consistent Financial Reporting for Business Owners
One of the most common mistakes business owners make is failing to follow consistent financial reporting. The impact goes far beyond messy or inaccurate numbers. Inconsistent reporting leads to faulty decisions, missed opportunities, and in some cases, financial problems that threaten the stability of the entire business. Does this happen to you? You pull last…
The Liquidity Playbook: How to Free Up Cash When Sales Stall
When sales stall, most business owners focus on driving new revenue as a liquidity management strategy. But sometimes, the answer isn’t outside your business, it’s already sitting inside it. That’s where The Liquidity Playbook comes in. What You’ll Discover Inside, you’ll find: Cash is the lifeblood of every operation. Even the most profitable companies can…
Choosing Bookkeeping Services for Small Business? 9 Things Most Owners Overlook
Choosing a bookkeeping service provider for small business shouldn’t feel like guesswork. Maybe your last bookkeeper stopped responding. Maybe your CPA is charging cleanup fees every tax season. Or maybe you’ve been DIY-ing and finally hit the point where it’s not worth your time or the risk. Or probably, like most people, your books are…
Make Your Next Big Move with Attracct Accounting Advisory
Not every business needs the same level of financial support, but every business deserves more than numbers on a spreadsheet. Attracct is your financial advisor for small businesses We meet you where you are and help you find the best strategy for your stage of growth. Is Your Business Built to Win? Accounting Essentials: Ditch the…
What’s Off Your Plate? – The Biggest Financial Headaches You Avoid with AAA
“Order’s up! I need Accounting Essentials for a new small business at Table 7!”“Yes, Chef! Prepping reconciliations for month end close and financial statements.” “Rush Order for Table 5! Where is my worker’s comp?”“Plating now, Chef!” “Chef, there’s a fire!”“What kind of fire? Cash flow crisis? Surprise tax audit?” “General Liability Audit!”“Full throttle, team –…
Job Costing Importance
Job costing is a critical component of construction accounting that helps contractors and construction companies track the cost of each project. By accurately tracking project costs, construction companies can ensure that they are making a profit on each project, and that they are pricing their services correctly. In this blog post, we will explore the…