ECN Forum Forums General Topics of the Trade Business Related Discussion Overhead, Estimating, and Profit?

Teester, since I work in the field I have long neglected this chore. I have been using quicken and have taken averages from the past 6 months and year. Part of the hard part is that my accounts payable come close if not equal to my accounts receivable. I know being a new company that this is inevitable as we need tools and other things established companies have paid for long ago. I hope to start putting a gap between the two and have been told it takes around 3 years.
This system has worked fine for me, but I want to do better. We have been able to pay our bills and even invest a decent amount back into the company.
Now that I have more overhead I want to make sure I am making a profit, especially since I work alot.
I know pipe and wire all day long and I am now learning the business end of it.
I have basically tried to break it down to what it cost per day and try to base jobs on this number.