Frequently Asked Questions

  • What's the difference between bookkeeping and job costing?

    Bookkeeping records all transactions accurately, while job costing reviews each project's profitability by tracking labor, materials, and overhead. At Bradshaw Services, we use both to help construction businesses understand overall financial health and which jobs actually make money.
  • How does job costing help contractors bid better?

    Job costing reveals which projects were profitable and which weren't by aligning costs with actual performance. This highlights pricing gaps and inefficiencies, supporting smarter estimating decisions. Bradshaw Services uses this data to help contractors adjust bids based on real historical outcomes.
  • When should a construction business start forecasting cash flow?

    Cash flow forecasting becomes critical when planning growth, hiring, or managing seasonal fluctuations. Building budgets around real historical data helps anticipate financial pressure before it hits. At Bradshaw Services, we recommend proactive forecasting to replace reactive decision-making with confident planning.
  • Why do QuickBooks records need cleanup?

    Messy or inaccurate historical data leads to unreliable reports and poor decision-making. Cleanup establishes consistent workflows and a solid foundation for forecasting and planning. Bradshaw Services aligns QuickBooks with how your business actually operates to improve accuracy across all financial areas.
  • What financial documents do insurance companies require from contractors?

    Insurance providers typically need accurate financial records that align with reported risk profiles for renewals and audits. Incomplete or inaccurate data causes delays and complications. At Bradshaw Services, we prepare documentation that supports smooth insurance reviews for construction-related businesses.
  • How does budget forecasting help with hiring decisions?

    Forward-looking budgets predict cash flow needs tied to growth and staffing, creating predictable financial expectations month over month. This allows owners to hire confidently without risking cash shortages. Bradshaw Services builds forecasts around real data to support intentional growth instead of guesswork.
  • What's the biggest mistake contractors make with financial reports?

    Many rely on generic or cluttered reports that create confusion instead of clarity. Financial reports should translate numbers into insights on profitability and performance trends. At Bradshaw Services, we customize reports for owners so they understand exactly where the business stands.
  • Can tax planning reduce surprises for service-based businesses?

    Yes, proactive tax planning aligns strategy with business structure and growth plans to identify legal efficiency opportunities. This protects cash flow and owner income throughout the year. Bradshaw Services coordinates clean records with long-term planning to minimize unexpected tax burdens.
  • How does compliance paperwork affect construction licensing in Utah?

    Keeping licensing, insurance, and tax-related paperwork current reduces risk from missed deadlines and incomplete documentation. Utah contractors need organized systems to support smooth renewals and audits. Bradshaw Services manages compliance requirements so owners can focus on work instead of administrative stress.
  • What makes a construction business loan-ready?

    Lenders require accurate financial reporting, reliable forecasts, and a well-structured business presentation. Identifying readiness gaps before submission improves approval odds significantly. At Bradshaw Services, we prepare financials that strengthen applications for equipment, expansion, or working capital loans.
  • How often should job costs be reviewed for active projects?

    Monthly reviews identify issues early, allowing adjustments before projects finish. This is especially valuable for contractors managing multiple active jobs simultaneously. Bradshaw Services tracks labor, materials, and overhead in real time to highlight operational inefficiencies and pricing gaps.
  • What does business planning look like for small contractors?

    Strategic planning focuses on growth, hiring, scaling operations, and developing owner compensation strategies tied to profitability. It aligns financial goals with operational capacity without corporate complexity. At Bradshaw Services, we help Southern Utah contractors transition from survival mode to intentional, structured growth.