Tag Archives: Construction accounting

March 13, 2009

GPM variability – is this you?

Click on the link below to see a chart illustrating how gross profit margin can change even after WIP calculations.  Is this you? monthly-gpm-variability-real-life1 Even the best remodelers can end up in a quandary about the truth of their financial statements when gross profit margin slithers all over the map.  Here’s a real life example […]

Job cost accounting
August 14, 2008

QBP – build a perfect Account list for the Profit/Loss

Developing a perfect chart of accounts combines art and science. Science because it is expected to follow GAAP (Generally Accepted Accounting Principles) and Art because there must be a good balance between sufficient detail and elegant simple presentation. So I suggest using the sub-set ability in QBP to produce both. So, for example, in the […]

Job cost accounting