Restoring Success: Accounting For Contractors

This article explores the essential role accounting plays in the health and growth of restoration companies. It explains how financial literacy extends beyond ownership and directly impacts project managers and operations leaders through job costing, margin awareness, and strategic planning. By understanding key accounting disciplines and applying financial insights to daily decisions, restoration professionals can improve profitability, strengthen operational stability, and support sustainable long-term expansion.

Angela Cremer

Publisher

June 6, 2018

2 Min.

When I received my degree in accounting from Penn State in 1996, I did not realize I would be using these valuable skills to start and grow a restoration company. Managing and understanding the accounting within your organization is important to the overall health of your company. Accounting practices and information are not just for owners and managers it can also provide useful tools to those running jobs and help you with everything from long-range planning to daily decision making.Not unlike the restoration industry, accounting has a variety of disciplines that play a role in restoration company operations. Continue reading this article here!

Tagged

Business Ownership

Leadership & Culture

Innovations In Restoration

Disaster Restoration

About the author

Angela Cremer

Publisher

The Lever360 Platform

Three levers. Pull all three and the whole company moves.

Lever360 is three products built around the same restoration job. Software runs the operation. Learning Lever trains the team. RTI certifies the trade. Use one. Use all three — they compound.

Software is one lever

You're running the company here. The other two make it compound.

Software runs the operation — every job, crew, dollar and conversation lives here. Add Learning Lever and RTI and the same techs ramp faster, bill higher, and stay longer. One lever moves the company. Three move it harder.

Learning Lever is one lever

You're training the team here. The other two make the training stick.

Learning Lever onboards faster and keeps the whole team sharp. Software is where that training shows up in the work. RTI is where it becomes a credential customers trust. Pull one — pull all three and the math compounds.

RTI is one lever

You're certifying the trade here. The other two carry the credential to the field.

RTI certifies the trade — IICRC WRT, ASD, AMRT, FSRT and beyond. Software runs the company those certified techs work for. Learning Lever ramps everyone in between. One lever moves things. Three move the whole crew.

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Restoring Success: Accounting For Contractors

Three levers. Pull all three and the whole company moves.

You're running the company here. The other two make it compound.

You're training the team here. The other two make the training stick.

You're certifying the trade here. The other two carry the credential to the field.

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