Episode Details

To run a profitable roofing business, you have to understand the basics of accounting and the basics of setting up your financial system.

Dave welcomes his go-to accounting expert, Diane Gilson, back to the show to discuss the easiest way to do just that!

Diane Gilson created Info Plus(+) Accounting® In 1994 to help business owners establish job-cost accounting systems so they can access critical day-to-day operations data using QuickBooks as their primary management accounting tool.

Diane’s passion is designing, customizing, and upgrading accounting systems and financial controls for small to mid-sized construction and manufacturing companies.

What you’ll hear in this episode:

• Re-organize the Chart of Accounts so that it provides more meaningful and useful information

• Construction businesses fail when owners don’t charge enough money because they don’t understand their costs

• The Chart of Accounts is your accounting system foundation

• Understanding direct costs

• Above and below the line and why it’s important to get this right

• Consistency is necessary to do comparisons of estimates vs. actuals

• How to keep your Chart of Accounts simple

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