Are your construction profits disappearing despite winning bids at 20% margins? Do you know what your projects are actually costing you? In this episode of The Construction MF'ers podcast, Scott Peper, our CEO and Founder, sits down with Lisa Robles and Stacie Gaffrey, CPAs from Saltmarsh, Cleaveland & Gund, to reveal why most contractors are missing critical financial insights that determine success or failure.
This episode is more than catching fraud in your construction business (though that's covered too)โand is about transforming how you understand your business finances. Lisa and Stacie explore why your WIP schedule matters more than your income statement, how overhead calculations make or break profitability, and why that concrete contractor who built a multi-million dollar business through hard work might still be making uninformed decisions that cost him thousands.
Here's what you'll learn:
๐น ๐ง๐ต๐ฒ ๐ง๐๐ผ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ ๐ผ๐๐ ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐๐ผ๐ฟ๐ ๐๐ผ๐ป'๐ ๐๐ฎ๐๐ฒ - Discover why your WIP schedule and gain/fade analysis are more important than your income statement for true profitability.
๐น ๐๐ฟ๐ฎ๐๐ฑ ๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ถ๐ผ๐ป ๐ง๐ฎ๐ฐ๐๐ถ๐ฐ๐ - Simple steps like maintaining check stock, implementing positive pay for ACH transfers, and proper vendor management that can save you thousands.
๐น ๐ฆ๐ฒ๐ด๐ฟ๐ฒ๐ด๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐๐๐ถ๐ฒ๐ - Why giving "all the keys to the kingdom" to one person is dangerous, and how to create safeguards even in small teams.
๐น ๐ง๐ต๐ฒ ๐๐ถ๐ฑ๐ฑ๐ฒ๐ป ๐ข๐๐ฒ๐ฟ๐ต๐ฒ๐ฎ๐ฑ ๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ - Learn why many seemingly profitable contractors are actually losing money once true overhead costs are properly calculated.
๐น ๐ฅ๐ฒ๐ฑ ๐๐น๐ฎ๐ด๐ ๐๐ผ ๐ช๐ฎ๐๐ฐ๐ต ๐๐ผ๐ฟ - From sticky-note passwords to mysterious vendors, spot the warning signs before they become expensive problems.
If you're running your construction business by bank balance and gut instinct, you're likely leaving profits on the table. This episode delivers practical, actionable accounting advice from CPAs who understand constructionโnot just theory, but real-world strategies that support growth and protect what you've built.
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ย https://www.linkedin.com/in/lisa-robles-16934527b/
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ย https://www.linkedin.com/in/stacie-gaffrey/
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https://www.linkedin.com/in/scottarias/
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ย #accounting #construction #cpa
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