Red or Black. Why Cost Codes are the Key to Determine Profitability
Join Alex Barthet for an insightful discussion with Eric Helitzer, LEED AP, Founder & CEO of SubBase, and Elizaveta Taylor, Founder of Beyond Books Solutions, as they delve into the critical role of cost codes in construction project management and profitability.
In this episode, we cover:
- Accounting Essentials: The backbone of financial management in construction.
- Job Cost Accounting: Understanding the specifics of construction project costs.
- The Power of Knowing Your Numbers: Keeping an eye on financial health throughout the year.
- Cost Codes Explained: How to effectively track costs during ongoing projects, enabling:
- Tracking jobs individually and the business as a whole.
- Knowing all of your costs throughout all projects for data-driven decisions.
- Cost code tracks supply costs and more.
- Streamlining with SubBase: How SubBase assists General Contractors in tracking project numbers and costs efficiently.
- The Critical Importance of Cost Coding: Ensuring precision, enabling timely decision-making, and maximizing profitability.
Don’t miss out on these valuable insights for making data-driven decisions and enhancing your project’s financial success. Tune in now to revolutionize your approach to construction project management!
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About Our Host:
Alex Barthet
Principal, The Barthet Firm
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com.
About Our Guest:
Eric Helitzer, LEED AP
Founder & CEO of SubBase
As the Founder and CEO of SubBase, I am passionate about transforming the construction material management process with innovative, efficient, and user-friendly technology.
Website: https://www.subbase.io/
LinkedIn: https://www.linkedin.com/company/subbase/
LinkedIn: https://www.linkedin.com/in/erichelitzer/
Instagram: https://www.instagram.com/subbase.io/
Elizaveta Taylor
Founder of Beyond Books Solutions
Helping construction industry business owners save money and time by optimizing their financials. I’m ready to take the accounting load off your shoulders, so you can focus on your business, increase your earnings, enjoy more time with family and friends, and eliminate stress about tax season.
Website: https://beyondbookssolutions.com/
LinkedIn: https://www.linkedin.com/in/elizaveta-taylor/
Instagram: https://www.instagram.com/constructionaccountant/
YouTube: https://www.youtube.com/@BeyondBooksSolutions
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