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Moving companies and logistics companies run the same engine: trucks, crews or drivers, fuel, routes, a promise to the customer, and cash that arrives after the work. Because of that, the same trucking and logistics KPIs work for both. Therefore, nine numbers, reviewed every Monday, tell either owner where to look. So this post shows […]
Read articleA WIP schedule for boat builders is a monthly worksheet that tracks every active build: the contract price, the estimated total cost, the cost incurred so far, the percent complete, the revenue earned, and the amount billed. Comparing earned revenue to billings then shows whether each build is overbilled or underbilled. WIP stands for work […]
Read articlePreparing a business for sale means making your financials something a stranger can trust. So buyers check three years of consistent statements, whether earnings are real and repeatable, how much cash the business needs, and how much depends on you. But we advise starting at least a year before you want to sell. So this […]
Read articleWhen an HVAC company grows revenue 30 percent and the HVAC profit margin still shrinks, the cause is almost always one of four things. Pricing didn’t keep pace with costs. Growth landed in a lower-margin service line. The shop added crews faster than the schedule could use them. Or overhead grew ahead of the revenue […]
Read articleJob costing for movers means working out what each move actually cost to run, then comparing that number to what you charged. Three inputs drive it: cost per crew hour, cost per truck hour, and materials per job. Most movers price from a market rate or a competitor’s quote. So some jobs quietly lose money […]
Read articleManufacturing CFO services for a $5M to $25M plant focus on three things a standard bookkeeping setup rarely gets right. Does the plant cost products accurately enough to price with confidence? Does fixed overhead actually make it into unit cost as volume changes? And does someone manage cash tied up in inventory and receivables deliberately, […]
Read articleLabor cost percentage for a home services business commonly lands somewhere in the high teens to mid-thirties percent of revenue. That wide range isn’t a mistake. It depends on whether you’re measuring direct field labor alone or a fully loaded figure. It also depends on your specific service mix. The number matters less than knowing […]
Read articleCustomer deposits are not revenue. They’re a liability. The boat builder still owes the customer a finished boat, or the money back, until the work is actually done. Recording a deposit as revenue the day it hits the bank is the single most common mistake we see in boat builders’ books. It’s a mistake that […]
Read articleAlmost every owner I have worked with has had the same week at least once. The month closed profitable. Yet the bank balance says something different. Payroll is Friday, a quarterly insurance renewal just cleared, and the two biggest invoices are still sitting in a customer’s approval queue. Nothing is wrong with the business. Everything […]
Read articleThe Ultimate Guide to Accounting and Bookkeeping for Electrical Contractors Electrical Contractor Accounting can take your business to the next level. From allocating your marketing budget to managing pricing, Electricians can focus on servicing business and customer reviews. Running an electrical contracting business requires more than technical expertise—it also involves managing your finances effectively to […]
Read articleAccounting for HVAC Companies: A Guide to Financial Success Managing the finances of an HVAC company involves more than just tracking income and expenses. It requires solid bookkeeping, cash flow management, budgeting, and an understanding of costs and margins to ensure long-term success. This blog explores essential accounting topics for HVAC businesses, including HVAC-specific accounting […]
Read articleUnderstanding Small Businesses Small businesses are the backbone of the US economy, employing nearly half of the American workforce and representing 43.5% of America’s GDP. According to the Small Business Administration, there are over 33 million small businesses in the United States, making up 99.9% of all US businesses. These businesses play a critical role […]
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