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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. One of the most significant challenges during that time was the lack of financing for commercial construction companies. There’s plenty of work to go around!

Finance

Finance Cash Flow Materials Security

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

Levelset

JUNE 6, 2022

Retention can be withheld on residential or commercial projects and on both public and private projects. 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.

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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