A construction business can look profitable on paper while running dangerously low on cash. Late payments, rising material costs, poor job costing, payroll pressure and unexpected tax bills create constant financial pressure - for builders and subcontractors alike.
The good news: most of these problems are fixable. This free guide walks through the 7 most common financial mistakes we see in Australian construction businesses, and exactly what to do about each one.
What's in this guide?
- Know your job profitability: track margin per job weekly, not after the work is done, so you catch problems while you can still fix them.
- Forecast your cash flow: use a rolling 12-month forecast to spot shortfalls early and plan for tax without scrambling.
- Get ahead of BAS and tax: set money aside from every progress payment and plan proactively, so the bill is never a surprise.
- Report on the numbers that matter: the five reports every builder should review monthly to stop running blind.
- Say no to unprofitable work: spot the warning signs and focus on the jobs and clients that actually pay.
- Get your systems talking: the recommended software stack for faster invoicing, better job costing and fewer admin headaches.
- Build a team around you: what a good construction accountant should be doing for you all year, not just at tax time
- Bonus: a quick financial health check to score where your business stands right now - and where the biggest opportunities are.
