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Overhead Paid #158729
08/12/06 10:42 AM
08/12/06 10:42 AM
T
Tiger  Offline OP
Member
Joined: May 2005
Posts: 706
Crystal Lake, IL USA
Jan 1 to this week I earned my overhead for the year. Considering last year was a loss I take this as a really good sign. My accountant said I should be covering my overhead by June . I'm doing the best I can.

Dave

Business, Office, Estimating, Legal:
Re: Overhead Paid #158730
08/12/06 12:57 PM
08/12/06 12:57 PM
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
The accountant is part of the "overhead." Have you asked him if you will meet your goals sooner- if he reduces his rates? [Linked Image]

Re: Overhead Paid #158731
10/02/06 01:18 AM
10/02/06 01:18 AM
T
trevman  Offline
Member
Joined: Aug 2005
Posts: 47
canada
What sort of overhead do you have? How many employees , buildings etc

Re: Overhead Paid #158732
10/02/06 08:11 AM
10/02/06 08:11 AM
T
Tiger  Offline OP
Member
Joined: May 2005
Posts: 706
Crystal Lake, IL USA
I'm sole employee. Home office, truck is paid for. Overhead is salary, benefits, retirement, fuel, maintenance, postage, insurance, bonds, advertising, accountant, lawyer...you know the list. It's probably the same list as 95% of the ECs in the phone book, with the exception of retirement benefits and advertising.

Dave

Re: Overhead Paid #158733
10/02/06 01:12 PM
10/02/06 01:12 PM
N
ngoody24  Offline
Member
Joined: Sep 2005
Posts: 33
pace,FL, United States
So you will have about four months of profit. If thats what your saying then yeah I think thats good in my opinion.

Re: Overhead Paid #158734
10/02/06 08:03 PM
10/02/06 08:03 PM
S
ShockMe77  Offline
Member
Joined: Jun 2005
Posts: 821
Rahway, New Jersey
Congratulations Dave!


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