))
Establishing an efficient cost coding system with Penny Lane
Manage episode 438131743 series 3566563
Inhoud geleverd door Builders, Budgets, and Beers. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Builders, Budgets, and Beers of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Penny Lane, a construction accounting expert, discusses the importance of designing a simple yet effective chart of accounts and cost coding system for contractors. She emphasizes using these financial tools to track profitability, make informed pricing decisions, and ultimately run a more successful construction business.
https://jobcosting.com/
Construction accounting, chart of accounts, and cost coding with a specialist. (0:00)
Chart of accounts for contractors, including types of accounts and how they relate to financial reports. (3:50)
Job costing and accounting for direct and indirect costs. (9:50)
Accounting for construction costs, including cost of goods sold and indirect costs. (14:59)
Simplifying accounting systems for contractors, focusing on cost codes and chart of accounts. (21:42)
Breaking down job costs into subcategories for easier tracking and analysis. (25:57)
Organizing financial accounts for contractors to track profitability. (30:58)
Profit margins, markups, and cost structure for contractors. (35:13)
Construction accounting basics and how to use financial data to make better business decisions. (39:57)
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
7 afleveringen
Delen
