"Providing Creative Cash Flow Solutions For Small Business Since 1999"
Cost Accounting
What is your net profit on the projects that you are working on TODAY?
What is your net income on the projects that you have scheduled to begin NEXT WEEK?
What is your gross profit on "George's" 8 hours of work today?
How many "non-productive hours did your employees get paid for last month?
How much will your weekly gross profit be if you pay your 5 employees $15./hour? for 40 hours of work?
When will it be profitable to to hire another laborer?
If you price a project based on some vague "industry benchmark" {wholesale cost X 2.5 (????) + fudge factor), etc.}.....
You may be in heading toward financial trouble.
As a business owner, you should know at a minute's notice how much profit you are expected to generate - Per project, per week, per employee, and per hour of work...