Levelset

MARCH 21, 2022

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Protect your lien rights.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Levelset

APRIL 5, 2022

In this article, we’ll explore some strategies to help you keep money in the bank. Without incoming revenue to cover those costs, you’ll have to overbill another project to cover them. Finance material purchases. Material financing can help you delay the payment of material invoices for up to 120 days. Underbidding.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Levelset

JUNE 6, 2022

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.” Debit Credit Income $100,000 Accounts receivable $90,000 Retention receivable $10,000. According to Steven J.

Accounting 98

Accounting ABC Banking Liability 98

Contractor Bookkeeping

JUNE 20, 2014

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. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. This is getting very stressful.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

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. Tax Advantages For LLC or a Sub S - The profit or loss from your business is passed through to the owners as normal income. This is getting very stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JANUARY 2, 2015

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? Bank Accounts - Set up two bank accounts in your company name. This is getting very stressful.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

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. Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances.

Profitability 48

Profitability Construction Accounting Cash Flow 48