Financials/Bookkeeping – BDR

BDR

In this episode of BDR’s Prime Resources Podcast, Lead Accounting Coach Lauren Woodward discusses the Profit & Loss by Job report in QuickBooks®. She explains its significance in job costing, performance indicators, and real-time insights for contractors.
Follow along as the conversation covers accessing the report, the differences between QuickBooks® Desktop and Online, and best practices for reviewing the report.
Listen as Lauren emphasizes the importance of having an accounting coach to help implement and utilize this powerful tool effectively.

Listen here:

With nearly 20 years of experience in bookkeeping, accounting, and operational management, Lauren Woodward specializes in QuickBooks®, full-cycle accounting, payroll, tax compliance, and financial reporting. As a lead accounting coach, she leverages her expertise in small business financial management and leadership to guide her team in delivering accuracy, efficiency, and client growth.

BDR’s Prime Resources Podcast host, Matt MacArthur, is senior vice president of training & marketing. Having worked in the industry for over two decades, he continually works with BDR’s trainers to improve training materials and class delivery. He leads the marketing department in developing marketing tools for BDR’s 50+ business training classes and coaching services, including the Profit Coach program.

Each episode of Prime Resources Podcast is dedicated to providing you with the knowledge you need to help your business achieve Prime results, with ‘Prime’ being the most flourishing stage or state.

The post How to Use the Profit & Loss by Job Report in QuickBooks® first appeared on BDR and is written by Erin Kunz.

BDR

In this episode of the Prime Partners Podcast, Jordan Cordero of Live Oak Bank shares the importance of strategic succession planning for small business owners and how leveraging business loan options can facilitate the smooth transfer of business ownership.

The conversation highlights key insights into how proper financial planning and understanding different loan structures can significantly broaden potential buyer pools, making the transition more manageable for sellers and buyers. Whether you’re currently contemplating the future sale of your business or just want to be prepared for when the day arrives, learn how staying on top of business loan options can position you to one day make a smooth exit from your business.

Jordan Cordero is a loan officer on the service contractors lending team, which dedicates itself to contractors in the HVAC, plumbing, and electrical industries. He focuses on providing business loans to these industries for acquisitions, succession plans, and commercial mortgages to help with new owners looking to acquire a business and existing owners looking to expand their business. Jordan has been with the bank since 2016 and has been a part of the service contractors team since inception.

Live Oak Bank

Jordan Cordero

• LinkedIn

[email protected]
(910) 358-4588
Time Zone: ET

BDR’s Prime Partners Podcast host, Tyler Gunhus, is BDR’s Senior Marketing Communications Specialist. He has over ten years of communications experience spanning print, broadcast, and product marketing. After graduating from Biola University with a Communication and Media Arts degree, Tyler joined a large media company, coordinating content creation, social media, and promotions. He joined the BDR team in 2020, helping lead the marketing strategy and execution, focusing on brand development.

In 2024, he became the host of the Prime Partners Podcast, which delivers insight into services, resources, and business practices that can help your company succeed faster.

Each episode features a BDR partner company or client who shares ways you can take your company forward.

Want to learn more about the BDR SAI partner highlighted in this episode? Reach out to BDR’s Client Experience Coordinator, Samantha Minnar, or go to: https://www.bdrco.com/partners/

Listen HERE for more podcast episodes from BDR.

The post Strengthening Your Succession Plan With Knowledge of Business Loan Options first appeared on BDR and is written by Erin Kunz.

BDR

In this episode of the Prime Partners Podcast episode, GoodLeap Managing Sr. Director of Business Development Chad Martin and Managing Sr. Director of Home Improvement Rick Cupples dive into the topic of “Leveraging the Power of Financing in Your Service Department.”

In this engaging conversation, we explore the current consumer demand for financing and dissect how contractors are currently using financing – or not using it – on service calls. While financing might be more common in install and new system purchases, Chad and Rick share how important financing can be on the service side of your business and how to use it as a daily tool for both customer satisfaction and company growth.

Learn best practices for implementing financing in your service department, along with how to train your team to offer financing at every job, and discover the indirect benefits that can boost your business.

Chad and Rick also shed light on what sets GoodLeap’s financing platform apart and how it facilitates service call financing, making it a game-changer for your business.

Don’t miss this opportunity to gain valuable insights and learn how to harness the potential of financing in your service department.

Rick Cupples is a highly accomplished professional with over two decades of diverse experience in the HVAC industry. Throughout his career, he has worked as a contractor, distributor, manufacturer, and finance specialist, gaining invaluable insights into every aspect of the business. As a skilled professional in sales, territory management, service management, and operations, Rick comprehensively understands how these components intertwine to create successful HVAC ventures. Furthermore, his expertise extends to embracing and implementing new technologies, empowering contractors to harness these advancements and fuel sales growth effectively.

With over two decades of successful sales management experience, Chad Martin has consistently led and inspired teams to exceed their goals and deliver exceptional results. Notably, he dedicated five years to the specialized field of home improvement financing, where he directly assisted contractors in securing the resources needed to turn dreams into reality. Chad’s commitment to leadership, strategic growth, and fostering valuable relationships remains a driving force throughout his career.

• LinkedIn

GoodLeap

Rick Cupples

[email protected]
(479) 899-7962
Time Zone: PT

Chad Martin

[email protected]
(573) 864-8682
Time Zone: PT

BDR’s Prime Partners podcast delivers insight on services, resources, and best practices to help your business succeed faster.

Each episode features a BDR partner company or client who shares ways you can take your company forward.

Want to learn more about the BDR SAI partner highlighted in this episode? Reach out to BDR’s Client Experience Coordinator, Samantha Minnar, or go to: https://www.bdrco.com/partners/

Listen to more podcast episodes from BDR HERE

The post Leveraging the Power of Financing in Your Service Department first appeared on BDR and is written by Erin Kunz.

BDR

In this episode of the Prime Resources Podcast, BDR lead accounting coach Adriane Woodrum explains how to build a consistent month-end process for financials that ensures accurate and timely financial reporting.

Adriane shares how the month-end process begins far in advance of information reaching accounting and involves the entire team. Listen to find out how to develop the communication and process steps needed to succeed at month’s end.

Adriane Woodrum has over 20 years of experience in Business Management with over nine years in the HVAC industry. When she started in the industry, she was the sole office staff managing Bookkeeping, Dispatching, and Sales & Install coordination. As a previous BDR client, Adriane experienced first-hand the positive results of creating processes across the company and seeing the difference that accurate financial reporting makes. Her goal is to help other clients achieve the knowledge and success they have been working for through coaching. 

BDR’s Prime Resources Podcast provides you with the knowledge you need to help your business achieve Prime results – with Prime being the most flourishing stage or state.

Listen to more episodes of the Prime Resources Podcast HERE

You can also listen to all episodes of the Prime Resources Podcast on Spotify

The post Fine-tuning Your Month-end Process for Financials first appeared on BDR and is written by Erin Kunz.

BDR

In this episode of the Prime Partners Podcast, Brandon Bolen, Head of Service Contractor Lending at Live Oak Bank, shares how financing can help small business owners support their company’s growth and expansion.

Brandon discusses some of your options when it comes to applying for a loan, selling a business, buying a business, and much more. Be ready to capitalize on opportunities and stay a step ahead of your competitors by learning the options you have to finance your business growth!

Brandon Bolen is the Head of the Service Contractor Lending team at Live Oak Bank, dedicated to businesses in the HVAC, plumbing, and electrical service industries. Brandon was included in The ACHR NEWS’ 40 under 40 in the HVAC industry in 2021.

Since April 2019, Live Oak’s Service Contractor team has provided over $160MM in financing to the home service industry. Brandon joined Live Oak in 2015 as a business advisor where he managed a portfolio of loans for existing customers. He then served as an underwriter and underwrote over $250,000,000 in SBA loans.

Live Oak Bank

• Facebook

Brandon Bolen

• LinkedIn

[email protected]
(540) 908-6561
Time Zone: ET

BDR’s Prime Partners podcast delivers insight on services, resources, and best practices to help your business succeed faster.

Each episode features a BDR partner company or client who shares ways you can take your company forward.

Want to learn more about the BDR SAI partner highlighted in this episode? Reach out to BDR’s Client Experience Coordinator, Samantha Minnar, or go to: https://www.bdrco.com/partners/

Listen to more podcast episodes from BDR HERE

The post Understanding the Options for Financing Your Business Growth first appeared on BDR and is written by Tyler Gunhus (BDR).

BDR

In this episode of the Prime Resources Podcast, BDR Financial Coach Brittany Baimbridge shares what it means to think like a CFO.

You don’t have to be in the Fortune 500 to apply the same thought processes as a Chief Financial Officer to your company. Learn how you can fine-tune your financial and management reports and utilize them as strategic, decision-making tools.

• (01:57) – Brittany’s industry background

Before joining BDR, Brittany Baimbridge was a BDR client for five years, working with service-based companies in a financial role. As a former client, she experienced the impact made by establishing strong processes and tracking results while working with her coaches. As a BDR Financial Coach, Brittany is extremely organized and detail-oriented, with a focus on financial reporting, strategic business planning, and process management. She loves helping clients develop their businesses and empowering them with the tools to achieve success.

BDR’s Prime Resources Podcast provides you with the knowledge you need to help your business achieve Prime results – with Prime being the most flourishing stage or state.

Listen to more episodes of the Prime Resources Podcast HERE

You can also listen to all episodes of the Prime Resources Podcast on Spotify

The post How to Think Like a CFO first appeared on BDR and is written by Tyler Gunhus (BDR).

BDR

Embezzlement is a painful and emotional setback that can have long-term negative effects on a company’s financial position.

In this episode of the Prime Resources Podcast, BDR lead accounting coach & trainer Kasey Stanley explains how embezzlement can occur within a business and how to prevent it. Kasey outlines best practices you can follow to safeguard your business along with helpful insights on what important steps to take if you experience embezzlement.

• (02:46) – What is embezzlement?

Kasey Stanley brings considerable expertise and practical experience to her role as Lead Accounting Coach for BDR’s clients. She has over 20 years of accounting experience, with the last 10 years in the HVAC industry. Kasey had direct management responsibility for many implementation projects, including bookkeeping, IT systems, website & Marketing programs, office operations, service operations, and installation processes. She also attended BDR’s Profit Launch with her first HVAC employer, working with him to build a BDR-caliber business plan for the company. Kasey moved to a larger company that needed to modernize, upgrade, and streamline all aspects of its business operations. Her role quickly evolved from consultant to a full-time dual role of GM & Controller, where the company grew steadily and increased sales efficiency by some 65% during her tenure.

BDR’s Prime Resources Podcast provides you with the knowledge you need to help your business achieve Prime results – with Prime being the most flourishing stage or state.

Listen to more episodes of the Prime Resources Podcast HERE

You can also listen to all episodes of the Prime Resources Podcast on Spotify

The post Safeguarding Your Company From Embezzlement first appeared on BDR and is written by .