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Internal vs. External Equipment Rates: Fix Your WIP Now
Your equipment is bleeding money and your WIP reports don't show it. That excavator charging $150/hour to jobs while sitting idle 40% of the year? It's creating phantom profits that vanish when depreciation, financing, and maintenance hit your P&L. Meanwhile, you're bidding the next job based on false numbers, wondering why "profitable" projects keep losing money at year-end. Here's the truth: inaccurate equipment cost tracking distorts every job costing decision you make. It
Dec 15, 20256 min read
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3 Workflows to Turn Your Accounting Data into Accurate WIP Reports
You're tracking every cost. Every invoice. Every hour worked. But when someone asks, "Are we making money on this job?" you still can't give a confident answer. The problem isn't your accounting software. QuickBooks and Sage capture everything. The problem is those transactions sit there like puzzle pieces scattered data that never becomes a clear picture of profitability. Most contractors discover they've lost money on a job weeks after it's too late to fix anything. That en
Nov 27, 20258 min read
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