Construction Business Owner

FEBRUARY 16, 2012

Accounting & Finance. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners.

Banking 120

Banking Construction Cash Flow Finance 120

Pro Builder

JUNE 6, 2022

While all of that is good news for home builders, simply ramping up volume and sales isn’t synonymous with increasing net profits. The bottom of the curve consists of the early years, which involve setting up the organization; establishing relationships with banks, trades, and suppliers; and developing a set of standard plans and a land bank.

Management 52

Management Cash Flow Profitability Schedule 52

Contractor Bookkeeping

JUNE 16, 2012

For most people cash in short supply which leaves using a credit card, getting a bank loan or selling something to raise cash as their best options? Accepting All Credit Cards - Makes you the hero because they get instant financing and your Electronic Armored Car takes your money to the bank.

Profitability 55

Profitability Contractors Cash Flow Banking 55

Contractor Bookkeeping

MAY 24, 2019

Construction companies need short-term liquid working capital such as cash, lines of credits, loans, owner financing, credit cards, supplier accounts, and other forms of money to conduct daily operations. Compare the success and profitability of a McDonald's franchise to most restaurants.

Contractors 52

Contractors Profitability Banking Change Orders 52

Contractor Bookkeeping

NOVEMBER 3, 2012

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. The Solution.

Profitability 48

Profitability Bankruptcy Contractors Remodeling 48

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. The really good news they are on the banks payroll.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

AUGUST 11, 2014

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

Profitability 48

Profitability Contractors Accounting Income 48

Levelset

JUNE 6, 2022

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.”

Accounting 98

Accounting ABC Banking Liability 98

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Use Financing to Provide a Cushion. Speed Up Receivables.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. This allows you to maximize cash flow without having to pay for additional software (well, unless you’re mailing out paper invoices and waiting for checks to come in). Use Financing to Provide a Cushion. Speed Up Receivables.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

DECEMBER 20, 2013

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.

Profitability 48

Profitability Accounting Construction Security 48

Contractor Bookkeeping

JUNE 15, 2012

You Are Not A Bank - Never lend money to a customer in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. McDonalds Restaurants Earns - Massive profits and part of the reason is cash flow. You Can Offer Financing - Accept credit cards!

Contractors 54

Contractors Cash Flow Banking Finance 54

Contractor Bookkeeping

JULY 18, 2012

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? Spec 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. We know what to do!

Banking 54

Banking Remodeling Profitability Drawings 54

Construction Business Owner

MARCH 6, 2011

Accounting & Finance. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Green Building.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 23, 2012

Accounting & Finance. For example, banks and other financial institutions put in stronger measures than many other industries. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. February 2009.

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

JANUARY 27, 2014

They could do a fine job, the only question is how long would it take and would you be able to sell the house and make a profit? Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. We know what to do!

Contractors 48

Contractors Accounting Banking Profitability 48

Construction Business Owner

OCTOBER 14, 2011

Accounting & Finance. But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Change Orders 120

Change Orders Construction Software Software 120

Business Facilities

JULY 11, 2014

Not-for-profit organizations and Community groups are eligible. Small Business First: Funding for small businesses, including low-interest loan financing for land and building acquisition and construction, machinery and equipment purchases and working capital. Export Financing Program: Funding for small business for export activities.

Pennsylvania 45

Pennsylvania Finance Zoning Banking 45

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

Levelset

JULY 19, 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 Residential 52

Levelset

JULY 15, 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.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

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

Construction Business Owner

MARCH 29, 2012

Accounting & Finance. Does an electrical raceway run through a duct bank? MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

FEBRUARY 23, 2012

Accounting & Finance. For example, I have a mobile banking app on my smartphone. With it, I can check my balance, see transactions, and transfer money, but I can’t apply for a loan on my phone like I can on the bank’s website. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management.

Software 120

Software Software Construction Mobility 120

Construction Business Owner

JUNE 8, 2011

Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JULY 28, 2014

All construction problems are related to cash flow or communication. As soon as I need money I will ask for it - See Cash Flow Diagram. I have personal and business credit cards to finance the work. I have a little cash in savings I can use for a while. I have many charge accounts at suppliers everywhere.

Contractors 48

Contractors Change Orders Accounting Cash Flow 48

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought?

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

JUNE 20, 2014

You do all the work they get half the profits and you politely refuse. Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. You say O.K.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Business Owner

MAY 11, 2011

Accounting & Finance. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. If you haven’t already done so, now is the time to hone your processes to the point where you are making profit on even small projects. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Equity 120

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

Income 108

Income Finance Zoning Employment 108

Contractor Bookkeeping

JUNE 15, 2012

You do all the work they get half the profits and you politely refuse. Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name. You say O.K.

Contractors 48

Contractors Insurance Claims Lien 48

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

Income 75

Income Finance Zoning Equipment 75

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. There are deadlines for invoice submissions for a monthly bank withdrawal. What are the upfront costs?

Contractors 98

Contractors Lien Construction Finance 98

Autodesk Construction Cloud

MAY 5, 2023

Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Fortunately, integrations between project management solutions and ERP/financial systems are helping make managing finances, fieldwork, and everything in between much simpler.

Office 52

Office Autodesk Accounting Project Management 52