Stay on Top of Your Finances With Free Tool From NAHB

A sample worksheet page of the easy-to-use Builder's Financial Document Tool, available free to NAHB members.

All entrepreneurs, including small builders, need to be on top of their company’s finances. NAHB has just made it easier for you to do that with the free, new Builder’s Financial Document Tool that will help you manage your company’s books and determine how well your business is performing — according to the numbers.

The tool will help you automatically complete your company’s income statement and balance sheet. All you have to do is plug in your numbers.

Available to members and their staff through the NAHB Web site, the tool is a downloadable Excel model that includes three easy-to-use worksheet components that will help you calculate key financial data about your company.

Each page of the tool’s workbook deals with a different financial statement or issue that you need to take into consideration when evaluating your company. These include your:

• Income Statement — A statement of profit (or loss) for your company in a given period of time. This document comprises your company’s revenues less expenses for a particular period. It determines how profitable your company is over a given period of time.
  
  
• Balance Sheet — A statement of the financial position of your company at a particular point in time.
  
  
• Ratio Review — A list of financial ratios that relate to your company. Financial ratios restate accounting data in relative terms so that you can identify the strengths and weaknesses of your company.

How to Use the Builder’s Financial Document Tool

Go to www.nahb.org/biztools and log in as an NAHB member to download your copy of the Builder’s Financial Document Tool. Then fill out the worksheets using NAHB’s Chart of Accounts (also available free to members online) and your company’s financial numbers.

Once you’ve determined your company’s income statement and balance sheet, see how your company measures up against similar-sized companies in the industry by comparing your numbers to those in the "Cost of Doing Business Study."

NAHB Has More Than 250 Resources to Help You Run Your Business More Profitably

Go to NAHB's Business Management Tools Web pages (available to members only) for instant access to more than 250 timesaving, moneymaking and cost-cutting business resources to help you run your business more profitably. Get guidance on accounting and financial management, business strategy, computers and information technology, customer service, human resources and more.

Resources are added weekly, so bookmark www.nahb.org/biztools to go directly to these vital business management resources.

Local and state home builders associations can link directly to www.nahb.org/biztools from their Web site and give their members instant access to these resources. It will make your HBA's Web site the place to go for the information and guidance that members need to succeed.

Subscribe to NAHB’s Business of Building e/Source

NAHB’s Business of Building e/Source is your monthly electronic guide to the hot issues and emerging trends in home building business management. You’ll find practical advice, tricks of the trade and sound business guidance — all delivered monthly, straight to your desktop, in a quick and easy-to-read format. Business of Building e/Source is available free to NAHB members and their employees.

To subscribe, visit www.nahb.org/BoB on the Members Only side of the NAHB Web site.

NAHB’s Technology Solutions Directory — an easy-to-use directory that enables builders, remodelers, contractors and other industry professionals to find information on software and IT solutions and services for their businesses — is now online. The directory is sponsored by the Business Management & Information Technology Committee. 

Software and technology solutions providers interested in being listed can sign up for:

• Enhanced Listing — Listing includes company name, URL, e-mail address, mailing address, phone number, company/product description, company logo. Click here for more information.
   
• Standard Listing — Listing includes company name and phone number. Click here for more information.

For more information, e-mail Wil Heslop at NAHB.

The Technology Solutions Directory is solely for educational and informational purposes.  Nothing in the directory should be construed as policy, an endorsement, warranty or guaranty by the National Association of Home Builders of the listed software, IT service or the software/IT vendor.  The National Association of Home Builders expressly disclaims any responsibility for any damages arising from the use, application or reliance on any information contained in this directory.

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