Construction Junction: Where Construction Meets Accounting

The Profit Construction
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Construction Junction: Where Construction Meets Accounting

For construction business owners and accounting pros. In depth exploration of software and topics related to construction and accounting. A three segment podcast: 1. Tonya introduces the problem and potential solution 2. Tonya will speak with an industry expert 3. Tonya works with a real live user to help them implement the solution and answer all their questions

  1. HACE 4 DÍAS

    Mastering W-9 Collection for Construction Compliance

    Welcome to The Profit Constructors! Join Tonya Schulte as she delves into the vital process of collecting and managing W-9s in the construction industry. In this episode, Tonya shares expert tips to help you stay compliant with 1099 reporting requirements, ensuring a seamless workflow through effective organization. Discover the importance of making W-9 collection a standard part of your vendor onboarding process and learn how to safeguard sensitive information using digital tools like Knowify and QuickBooks Online. Tonya highlights the significance of verifying form completeness and the benefits of annual updates to keep your records current. By implementing these essential practices, you can significantly reduce the stress and complications often associated with year-end financial reporting. Tune in and master the W-9 process to enhance your construction business operations.

    2 min

  2. 18/07/2024

    The Construction Junction: Featuring Foundation Software

    You’re invited to join host Tonya Schulte as she chats with her guest, Brian Cancian, Business Development Manager at Foundation Software, in the latest episode of The Construction Junction podcast. Brian shares the journey from Foundation Software’s inception in the mid-80s to its growth into a comprehensive suite of tools that includes payroll services, project management, job costing, general ledger, accounts payable, accounts receivable, purchase orders, and subcontracts. He discusses the importance of understanding a company’s culture and customer service. He even delves into the practical applications of emerging technologies like AI in construction accounting. Stay tuned until the end for Brian’s advice on ensuring a smooth transition to a new accounting system and leveraging detailed reporting to drive business success.

    55 min

  3. 09/05/2024

    The Construction Junction featuring Jobtread

    In this exciting episode of the Construction Junction podcast, we explore the intersection of accounting and construction. We dissect common issues faced by construction company owners and accountants, and discuss the role of software developers. Do they truly comprehend your needs, or is it a one-size-fits-all approach? Tune in as we delve into the significance of industry-experienced software developers and discuss the concept of 'eating your own dog food', a term representing thorough understanding of customer needs. We also discuss the transition into the cloud-based era and the benefits it brings. Our special guest, Eric Fortenberry, founder and CEO of JobTread reveals his journey and how the software could revolutionize the industry. The podcast provides valuable insights about transitioning from traditional project management to a modernized approach in construction business. Find out how you can bridge the gap between accounting and construction and leverage technology to your advantage with this episode. Advancements in Construction: JobTread’s Journey to Enhance Profitability and Efficiency In this episode, we take a deep dive into the creation and evolution of JobTread, a software built based on firsthand industry needs. The software has helped organize business operations and increase gross profit by 43% for users. Discover its user-friendly interface, automated processes, and API-first approach benefitting users with seamless integrations and real-time data synchronization. We tackle the challenges of technological advancement, emphasizing the need for readiness to adopt newer technologies and not get left behind. Hear about the importance of budget-based estimation and how accurate budgeting and costing can prevent risky situations in construction. Each construction company has unique needs. It's crucial to have software that can specifically cater to your business. Learn about how JobTread's versatility allows it to serve different types of businesses in the construction industry, showcasing its adaptability and the power of custom-tailored solutions. Elevating the Construction Business: JobTread’s Impact on Customer Experience and Collaboration Offering an exceptional customer experience can elevate your business in the construction industry. We delve into how JobTread has been able to streamline this process, from catering to clients' specific needs to facilitating seamless operations regardless of the scale of the construction job. Learn more about how JobTread's simulations help turn tough negotiations into agreeable outcomes. This episode also highlights JobTread’s partnerships with accountants and how this program is opening up new opportunities for businesses. We also discuss JobTread’s vast experience in the construction industry and how their comprehensive resources can assist you in setting up your own business. Tap into JobTread’s collection of training programs, live sessions, and certification modules to give your business the boost it needs. Find out how you can revolutionize your construction business with JobTread at www.jobtread.com.

    58 min

  4. 04/04/2024

    The Construction Junction featuring Quantum: Unlocking Contract Management Secrets for Better Cash Flow in Construction

    In this insightful episode of the Construction Junction podcast, presenter Tonya Schulte focuses on how construction subcontractors can navigate through the complex business landscape. The show lights a torch through the historical evolution of contract risk management in construction and underscores the importance of contract negotiations and management for better cash flow and profitability.  Guest Cian Brennan shares lessons about using contract management software like Quantum to manage changes and delays, negotiate better contracts and reduce costs. They unravel the misunderstood notion of 'pay when paid' and 'pay if paid clauses' which often lead to disputes and elucidate why efficient contract management is an invaluable tool in the constant battle against risks in the industry. The conversation goes deeper into the subject, touching on the essential transitions required when a business grows from a small to a medium scale and overlooks the essential departments needed to succeed at a higher level. Their chat explores the necessity of timely action when faced with change orders, a crucial step towards building a reputation of professionalism and efficiency in managing delays and disputes. This enlightening episode puts viewers on the right track towards achieving an increased 5% to 15% margin on each project with better cash flow. Join the intense discourse and learn about the best practices for managing, negotiating, and reviewing construction contracts. Contact the show at hello@theprofitconstructors.com.

    33 min

  5. 07/03/2024

    The Construction Junction: Augmented Intelligence with TrueBuilt

    Join host, Tonya Schulte, for another exceptional episode of the Construction Junction podcast, presented by The Profit Constructors. This episode takes a deep dive into the exciting and often overlooked world of pre-construction. Our special guest, John Sibley, CEO and founder of TrueBuilt, sheds light on how modern technological tools are transforming pre-construction and setting the foundation for successful construction projects. John illustrates the power of TrueBuilt's unique platform, a blend of cutting-edge AI, computer vision, and heavy-duty automation, designed to simplify and streamline pre-construction tasks. With pioneering features like automatic document renaming, TrueBuilt enhances accuracy and cuts down on time-consuming manual labor, changing the industry's outlook on bid management. While TrueBuilt boasts impressive automation capabilities, the platform provides room for manual adjustments, striking a balance that allows construction contractors to achieve utmost efficiency without compromising the quality of work. This episode uncovers the TrueBuilt journey, right from its launch, and its consistent evolution into an indispensable tool within the construction sphere. Addressing the challenges of transitioning to new technology, John discusses common hesitations that clients face and how TrueBuilt can prove its worth by highlighting its, accuracy and efficiency. He also divulges some of TrueBuilt's future integration plans, setting the balI rolling for further innovation in the construction industry. Discover a new perspective on pre-construction, explore TrueBuilt's platform, and all it offers in this insightful episode. Listen in and be part of the conversation, unravelling new paths to profitability and productivity in the construction industry.

    29 min

  6. 25/01/2024

    Workforce Development & Accounting Strategies in the Construction Industry

    The Construction Junction: the junction between accounting and construction. WORKFORCE DEVELOPMENT. This episode featuring Moss Adams is all about Investing in the Individual. Our host Tonya Schulte welcomes Aaron Faulk from Moss Adams and client Rob Scott with Scott Coatings. Don’t miss this episode when the team reflects on the degree to which you invest equaling the degree you get back.

    52 min

  7. 14/09/2023

    Construction Junction Episode 31: Take Control of your Finances and your Future

    The Construction Junction host Tonya Schulte, with The Profit Constructors, welcomes guest Luke Boyenger from Cruzumi CFO & Advisory. The two sit down to discuss Fractional CFO services and taking control of your Finances and your Future. Don't miss it.

    42 min

  8. 10/08/2023

    Construction Junction featuring Service Industry Success

    Solve Your People, Process, and Profitability Problems so You Can Gain Clarity and Confidence, Establish Effective Controls, Scale Your business, and Work Fewer Hours.

    1 h y 6 min
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For construction business owners and accounting pros. In depth exploration of software and topics related to construction and accounting. A three segment podcast: 1. Tonya introduces the problem and potential solution 2. Tonya will speak with an industry expert 3. Tonya works with a real live user to help them implement the solution and answer all their questions

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