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Commercial Debt Collection – How Do I Collect When A Company Owes Me Money?

Construction Law Monitor

The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. You have a pre-debt fact gathering and document filing stage, as the first phase.

Debt 56
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Phases of Commercial Real Estate Development

Construction Marketing

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. It sets the foundation for the project and ensures that all aspects of the project are properly coordinated and that all necessary approvals are obtained. You must secure financing for the project.

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

According to reports, JPMorgan Chase, the nation’s largest bank, will provide $100 million to help Detroit with housing repairs, blight removal, job training and economic development projects over the next five years. The bank will direct half of the $100 million in loans and grants to community projects.

Detroit 49
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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating. Bank Account - Payroll.

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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal

Contractor Bookkeeping

External Accounting - The part that provides information to process Payroll and fill out Monthly and Quarterly Tax forms and the Annual Tax Return and to fill out Bank Loan Applications. After A Few Months - The bank started bouncing Fred''s checks. The cheap bookkeeper kept enough money in the bank to avoid bouncing checks.

Deals 48
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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank. Bank Reconciliations. Prepare an application for Tax-ID number, if needed. QuickBooks Pro.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Successful contractors put the cash in another interest bearing bank account and do not transfer any of it until the work is performed. Keep The Service Agreement Cash Separate.