Bookkeeping and accounting have a few key distinctions.

Have you ever wondered why the bookkeeping and accounting for your contracting or trades business are so challenging? Well, there is a very real reason, and no it's not because you hated math in high school.

A lot of it has to do with the fact that your project lifecycles and the cash inflows and outflows that happen therein don’t follow the gridded and calendarized rhythms of accounting cycles.

They march to the beat of a different drummer (so to speak) and this can create all sorts of headaches and confusion when it comes to both your books and your bank account. 

Our guest on this episode of Contractor Evolution is Leeroy Beeby, Co-Founder of Check the Level - an accounting, bookkeeping, and software provider. 

Check The Level was created for general and specialty contractors to master their pricing, profits, and cash flow. They do this through both managerial accounting as well as their proprietary reporting software. What’s unique about Leeroy’s perspective is he has back-end access to the budgets, P&Ls, cash positions, and pricing systems of hundreds of contractors all over North America and is able to see large-scale patterns in a way almost no one can.

To dive into the common practices that are shared by the top 10% of contractors (as well as the common mistakes made by the bottom segment of contractors) watch this episode.

Highlights:
-The difference between Financial Accounting vs. Managerial Accounting and why most firms won't do the latter for you (even though you really need it)
-The patterns that become evident when you look at 100's contractors' financials, and what the top 10% are doing differently than the rest
-How the top 10% of contractors set up their sales contracts uniquely to protect their cash flow
-Why do you need to be charging a higher markup on your change orders than your standard rates
-How to get your team involved in the financial performance of each job
-The typical profile for a financially 'at risk' contracting company﻿ 

<a href="https://www.pcaoverdrive.org/videos/stress-tested-contractor-principles">Watch the episode on PCA Overdrive</a>

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Download the app on the Apple Store or Google Play.

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Contact BTA: https://pca.so/btapcace

Stress Tested Contractor & Principles: Contractor Evolution

When embarking on a large-scale renovation, many homeowners and business owners find themselves at a crossroads. The scale and complexity of such projects demand not only a vision but also expert oversight to bring that vision to life. This article provides a practical overview of how interior designers contribute invaluable expertise to large-scale renovations, ensuring every step from the initial concept to the final execution is handled with finesse.

The Role Of Interior Designers In Large-Scale Renovations: What You Should Know

Welcome to JL Coates, where we transform spaces into experiences. As an award-winning, full-service interior design studio, we specialize in both residential and commercial design projects. Our main office is located in the heart of Scottsdale, AZ, with a secondary office in Cherry Hill, NJ, enabling us to offer our design services nationwide.
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Our portfolio includes a diverse range of projects, from bathroom and kitchen remodels to full home transformations, custom new builds, commercial design, company branding, and professional consulting services. At JL Coates, we believe in a streamlined, stress-free design and build process. We serve as your advocate, providing design oversight during construction to ensure your project is completed within budget and on time.
We pride ourselves on our collaborative approach, often working hand-in-hand with other industry professionals such as architects, builders, and licensed contractors. This ensures a high level of quality and consistency, guaranteeing a positive client experience. We value each project, big or small, and offer various levels of service to meet your needs. At JL Coates, every project is treated as a personal investment.

Podcast produced by the Painting Contractors Association (PCA). 

Join PCA as we interview industry experts on how to build stronger businesses.

Founded in 1884, PCA is the only national trade association dedicated to the success of painting contractors through ethics, education and excellence. Today, PCA is recognized and supported by many industry manufacturers and suppliers as the premier organization committed to helping professional painting contractors improve their business.

New tracks tagged #large scale