Levelset

AUGUST 4, 2022

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

Levelset

APRIL 5, 2022

Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. But what about cash flow? Forecast cash flow.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Levelset

AUGUST 17, 2022

Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). Related: An architecture firm’s guide to cash flow. Utilization rate is a measure of the percentage of hours spent on billable projects versus overhead or administrative work. Utilization rate.

Profitability 52

Profitability Lien Overhead Cash Flow 52

Levelset

JUNE 21, 2022

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Contractor Bookkeeping

MARCH 9, 2013

Sending the Notice to Owner of Intent To Lien to protect my financial interests. Maintain and update vendor list with contact information, account numbers and terms. Enter banking transfers between checking and savings accounts. Separate direct and indirect job costs from overhead.

Contractors 48

Contractors Cash Flow Banking Change Orders 48