Remove Banking Remove Cash Flow Remove Change Orders Remove Work in Progress
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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Process Change Orders Quickly. Automate P2P.

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) We have a FREE change order form you can download here.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Process Change Orders Quickly. Automate P2P.

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Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

Sometimes their investment advisors and bankers find it hard to believe they are generating such unusually high profit margins and yet the numbers speak for themselves and the bankers can verify business banking activity. Change Order Management. Work-In-Progress (W.I.P.). Job Material Inventory Costs.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Follow This Step-By-Step Process: #1 Find A Commercial Banker You Can Work With. Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll.

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Steps To Obtaining A Surety Bond

Contractor Bookkeeping

Having an established bank line-of-credit generally provides sureties with this comfort; References – Sureties typically want letters of recommendation from subcontractors, owners, architects, and engineers on your completed projects. These schedules will list important financial issues on your bonded projects.

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Custom Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Custom Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Often during construction there are a numbe of change orders, addtions and deletions and a lot of the time the homeowner wants to provide certain materials.