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Cash Flow

4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

FEBRUARY 3, 2023

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

Finance

Finance Cash Flow Materials Security

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

JUNE 6, 2022

ABC Contractor is billing a project owner for $100,000 with 10% retention. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000.

Accounting

Accounting ABC Banking Liability

4 Ways Materials Financing Can Help You Recession-Proof Your Business

Accounting for Retention Receivable & Payable: A Contractor’s Guide

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