Murugeshwari S.'s post
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The money did not leak from the pipes.It leaked between the job site and QuickBooks. A Houston plumbing contractor called me after completing a $220,000 commercial plumbing project.
Expected profit: $44,000 Cash remaining after project costs: $11,200 Estimated profit gap: $32,800
The plumbers did not install bad fittings. The materials were not defective. The loss happened because field decisions were never connected to job costing.
Let's see where the $32,800 gap came from
Unassigned material purchases $8,400
Untracked overtime and delay costs $18,800
Verbal change order $5,600
The work was done. The cost was incurred. But the revenue was never recorded.
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Creatives on Contra have earned over $150M and we are just getting started