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Establishing an efficient cost coding system with Penny Lane
Manage episode 438131743 series 3566563
Вміст надано Builders, Budgets, and Beers. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Builders, Budgets, and Beers або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
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
17 епізодів
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