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Yvonne Root
Jan 172 min read
Department of Labor New Rules for Worker Classification: Contractors Listen Up
The Federal Department of Labor just passed new stricter rules about worker classification. Here’s what that means for construction...
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Yvonne Root
Jan 107 min read
What You (Really) Need to Know About Your Chart of Accounts
Whoa! Really? Yeah, really! What do you REALLY need to know about your Chart of Accounts? After all, you’re a construction contractor....
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Yvonne Root
Dec 27, 20232 min read
The Month Doesn’t End Until I Say It Does!
If you’re not in the accounting field, you may not understand why the accounting professional can boldly hold up his or her hand and...
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Yvonne Root
Nov 29, 20232 min read
Legacy: Why it’s Worth Considering
Here at The Profit Constructors, we work with many construction business owners who are interested in leaving a legacy that will endure...
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Yvonne Root
Jun 28, 20232 min read
You Should Have Checks and Balances: Here’s Why
Checks and Balances can be defined as a set of procedures implemented to prevent potential errors and inappropriate behavior. The Feds Do...
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Yvonne Root
May 10, 20232 min read
5 Strategies Discerning Construction Subcontractors Use to Prosper – Part 2
This is the second part of a five-part series; if you haven't read the first part yet, you can go here. Discern Your Numbers I asked...
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Yvonne Root
Apr 19, 20233 min read
Is a WIP Report Worth the Effort? Puzzle it Out
Indeed, effort is put into creating Work in Progress (WIP) reports. There is the further effort put into maintaining them. And even more...
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Yvonne Root
Apr 5, 20233 min read
10 Common Mistakes to Avoid When Interacting with Your Construction Accounting Team
Making the most of your relationship with your construction accounting team means that you’ll achieve better results with less hassle...
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Yvonne Root
Mar 15, 20233 min read
Envelope-Style Cash Management
Going With the Flow Cash Management in the construction industry is a make-it-or-break-it piece of financial administration. The flow of...
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Yvonne Root
Mar 9, 20234 min read
An Unusual Look at Change Orders
The Big Picture You get it. You know that change orders are woven into the fabric of construction contracting. Even if they aren’t...
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Yvonne Root
Feb 15, 20232 min read
Construction Company Balance Sheet
Financial Statements According to Investopedia, financial statements are written records that convey the business activities and the...
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Yvonne Root
Jan 25, 20232 min read
Savvy Construction Contractors Use P&Ls
Profit and Loss Statement – Why Bother? The entries on a Profit and Loss (P&L) statement provide insight and knowledge about the...
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Yvonne Root
Dec 14, 20223 min read
Fresh-Data and Decisions
Sometimes it seems we have data coming out our ears. From marketers to religious leaders, from school officials to medical providers,...
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Yvonne Root
Nov 16, 20223 min read
An Unusual Look at KPIs
Because you are a construction contractor, there are two fundamental Key Performance Indicators (KPIs) you hear about all the time. They...
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Yvonne Root
Nov 10, 20222 min read
Let’s Talk nettTracker!
Keeping Track Construction accounting pros, would you like to spend just a few minutes (instead of hours) making adjustments at the end...
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Yvonne Root
Aug 31, 20222 min read
Financial Flexibility
You don’t have to have the ability of the biblical king Belshazzar to see the handwriting on the wall. Nor do you have to have the...
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Yvonne Root
Aug 24, 20222 min read
Inflation Information
This is Humorous Why are there so many jokes about inflation these days? Because demand has increased following a period of low interest....
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Yvonne Root
Aug 3, 20223 min read
Why This Construction-Centric Accounting Blog Exists
This is the story of why, at least once a week, a new post is added to the already existing library of information contained in the...
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Yvonne Root
Apr 27, 20222 min read
Choose a Business Model
Three Familiar Business Models in Construction While there is a plethora of business models from which to choose, construction...
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Yvonne Root
Mar 16, 20223 min read
Getting Ready to be Bonded
Now’s the Time Even if your construction company doesn’t yet need to be bonded, it pays to look at what bonding companies require....
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