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Why You Need Materials Financing in Your Back Pocket

Levelset

Taking on bigger jobs requires more cash flow to cover upfront material costs and overhead expenses within your business. Instead of depending solely on your bank account, you can expand your business and take on more lucrative jobs by financing your materials so that your cash isn’t tied up at the start of a project. .

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. 3 types of capital for construction. Debt capital.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. Bank Account - Escrow Deposits. Bank Account - Operating.

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The New American Home 2022: Thinking Inside the Box

Pro Builder

Now, demand for wellness is almost required by weary consumers, pushing the entire housing industry to rethink both public and private spaces, indoors and out, for the next generation of new homes. Even before the pandemic, builders and designers were creating home environments that respect physical and mental health.

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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular bookkeeping are actually Cost of Goods Sold in construction accounting. All Bookkeeping Methods Share The Same Accounting Equations. Cash On Hand.

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. All Accounting Methods Share The Same Accounting Equations. Cash On Hand.

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Enter banking transfers between checking and savings accounts. Separate direct and indirect job costs from overhead. Watch for fraudulent charges on bank and credit card statements. Enter bank deposits. Go to the bank.