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Numbers – the Most Useful Tool in Your Toolbox
What’s the most useful tool in your toolbox? No, it’s not a measuring tape, although measuring tapes are useful. What’s more useful is...
Yvonne Root
Jun 26, 20243 min read
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Profits Come in Many Ways
Although it is only three words long, the name of our construction-centric accounting firm, The Profit Constructors, says a lot. We make...
Yvonne Root
Jun 20, 20243 min read
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How to Tell These Twins Apart – COGS or OPEX
The summer between my freshman and sophomore years in high school, I was given one of my most fun babysitting jobs. A professor at the...
Yvonne Root
Jun 12, 20242 min read
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Powerful Financial Management
Budgeting, monitoring expenses, and protecting cash are three powerful functions that allow you to manage your construction business’s...
Yvonne Root
Jun 5, 20243 min read
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Why We Do Construction-Centric Accounting and Advisory
Just as the owners of construction businesses must, on occasion, step back and answer the question of why they bother, we, too, must...
Yvonne Root
May 15, 20243 min read
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Contingencies! Do You (Really) Understand Them?
Why do some people (both construction clients and contractors) assume that calculating costs + contingencies + overhead + profit is...
Yvonne Root
Apr 24, 20242 min read
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Meet Our Operations Coordinator and Juggler Extraordinaire!
When we learned that today is International Jugglers Day, we knew it was time to introduce you to our Operations Coordinator, Jennifer...
Yvonne Root
Apr 18, 20242 min read
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Growth May Not Mean What You Think It Does
I watched the reaction in his eyes and face when I told my friend that one of the criteria our team uses when determining whether we will...
Yvonne Root
Mar 6, 20243 min read
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A Guide to Auditing Expenses – Part 4
Auditing a Few More Things In the first part of this 4-part series concerning auditing expenses in your construction business, I...
Yvonne Root
Feb 28, 20243 min read
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A Guide to Auditing Expenses – Part 2
Auditing Employee Expenses In the first part of this 4-part series concerning auditing expenses in your construction business, I...
Yvonne Root
Feb 14, 20243 min read
22 views
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Drawing Back the Curtain: It’s About Quality Assurance
It’s time to shine the spotlight on a team member at The Profit Constructors! Who Leslie Is Leslie King, our Quality Assurance Manager,...
Tonya Schulte
Jan 24, 20242 min read
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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...
Yvonne Root
Jan 17, 20242 min read
30 views
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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....
Yvonne Root
Jan 10, 20247 min read
68 views
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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...
Yvonne Root
Dec 27, 20232 min read
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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...
Yvonne Root
Nov 29, 20232 min read
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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...
Yvonne Root
Jun 28, 20232 min read
20 views
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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...
Yvonne Root
May 10, 20232 min read
15 views
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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...
Yvonne Root
Apr 19, 20233 min read
54 views
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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...
Yvonne Root
Apr 5, 20233 min read
36 views
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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...
Yvonne Root
Mar 15, 20233 min read
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