Carol Hagen

JULY 1, 2009

We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm). To see your future rather than the past, to become more goal oriented, take a peek at Up Your Cash Flow (UYCF). For those of you that do forecasting, I’ve noticed that Microsoft Excel is popular.

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Contractor Bookkeeping

MAY 6, 2016

The Four Most Important Words Your Construction Clients Say: "While it's open anyway." (the Highly profitable and very successful Contractors like you respond with. the walls, floors, ceiling). Since we're this far." (in in the project, remodel, new house). "I I have an idea." (for for more work to be done, change something).

Cash Flow 52

Cash Flow Profitability Remodeling Contract 52

Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects!

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

JUNE 20, 2013

Construction Cash Flow Example. Starting Cash + Cash In - Cash Out] = Cash Flow. "If Let''s Get Some Answers - Contractors and sub-contractors know there is more to profits than what is shown above and most of you rely on your "gut feel" to know when project has made a profit or not.

Cash Flow 48

Cash Flow Profitability Accounting Construction 48

Contractor Bookkeeping

AUGUST 11, 2017

One is the Tax Accountant the other is your Construction Accountant. These are two of the Five Board Of Advisors Successful Highly Profitable Contractors Use To Operate And Grow Their Contracting Company Cash Flow And Profits.

Accounting 51

Accounting Profitability Cash Flow Contractors 51

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Best Practices Construction Law

NOVEMBER 26, 2012

Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Written Contract. Contract Provisions.

Cash Flow 48

Cash Flow Project Management Change Orders Agreement 48

Autodesk Construction Cloud

FEBRUARY 1, 2024

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Increasing financial risk.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Viewpoint Construction Technology

FEBRUARY 12, 2019

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. Ad-hoc reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Contractor Bookkeeping

MAY 5, 2014

Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Levelset

APRIL 5, 2022

Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Ensuring consistent cash flow throughout a project is the key to scaling your contracting business. Why contractors run out of cash. Poor planning.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Contractor Bookkeeping

DECEMBER 2, 2016

Accepting Credit Cards Can Immediately Increase Sales And Profits*. *We I know from many years while we were contractors it paid off handsomely so I am simply passing on a mere "scrap of information" to help you get more cashflow and profit. We do not provide merchant services.

Cash Flow 48

Cash Flow Contract Banking Profitability 48

Contractor Bookkeeping

AUGUST 21, 2020

Service agreement holders are more likely to be clients who add more value to your construction company because they represent your customer base's most loyal segment. In the meantime, service agreement clients are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary.

Agreement 89

Agreement Cash Flow Negotiation Construction 89

Contractor Bookkeeping

JULY 8, 2022

Many surveys and reports show that nearly half of all new construction companies close their doors within the first five years of opening them. When we speak with contractors who failed, most say it was due to a lack of cash flow. Planning is essential to give your business the best chances for success.

Cash Flow 96

Cash Flow Contractors Plans Contract 96

Construction Business Owner

MARCH 1, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. INSURANCE |.

Cash Flow 120

Cash Flow Construction Software Software 120

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Contractor Bookkeeping

JUNE 13, 2012

Every Day You Are - Presented With opportunities to invest your money and the key strategy is putting your money to work where it will earn you the most bottom line profit and increase your cash flow. Does it require monthly or annual maintenance contracts? Have you considered discounted cash flows?

Profitability 48

Profitability Cash Flow Construction Equipment 48

Lets Build

AUGUST 4, 2023

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

Software 78

Software Software Construction Budgeting 78

Contractor Bookkeeping

MAY 3, 2019

The truth is the most successful, wealthy, highly profitable construction contractors don't like change. From the mid-1970's until 2000 we owned and operated several construction companies and a few Plumbing Contracting companies. Subsequently I have become a perpetual student of Construction Accounting.

Cash Flow 52

Cash Flow Management Profitability Accounting 52

Contractor Bookkeeping

OCTOBER 23, 2020

No one starts a business, especially a contracting business, and have it rolling perfectly with a profit every step of the way. Being in your own business can be the best time in your life. Alternatively, the worst time! Between regulations, economic uncertainty, and other outside forces; always a learning curve.

Cash Flow 75

Cash Flow Contractors Banking Accounting 75

PSMJ Resources

JULY 10, 2013

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.

Profitability 43

Profitability Contract Negotiation Debt 43

Construction Business Owner

OCTOBER 26, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « The (Construction) Telephone Game. So You Want to Buy New Construction Software » Construction Software – Is it Time to Buy? Back to Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Viewpoint Construction Technology

FEBRUARY 7, 2019

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Patti Smith, Business Process Manager, Ideal Contracting. It seems like Spectrum is on the forefront of construction accounting software.” Soule and Co.

Contractors 156

Contractors Cash Flow Construction Management 156

Levelset

APRIL 1, 2022

As a contractor or sub, you can expect to incur many costs during the course of a construction project. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Restricted cash flow.

Site 52

Site Cash Flow Insurance Construction 52

Construction Business Owner

APRIL 1, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Healthy Competition » Free Webinar on Reducing Profit Fade. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

JUNE 20, 2013

Construction Profits Are Simply. Income - COGS - Expenses] = Profit. "If Let''s Get Some Answers - Contractors and sub-contractors know there is more to profits than what is shown above and most of you rely on your "gut feel" to know when project has made a profit or not. With Bonus Material On Cash Flow.

Profitability 49

Profitability Income Cash Flow Accounting 49

Construction Business Owner

APRIL 26, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Connecting in Construction. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Know the Contract and Budget.

Change Orders 120

Change Orders Construction Profitability Software 120

Contractor Bookkeeping

FEBRUARY 6, 2015

Strategic Planning'

Cash Flow 48

Cash Flow Contract Profitability Plans 48

Contractor Bookkeeping

FEBRUARY 8, 2019

What can I do to be more productive and increase my profits? The secret is in thinking patterns and habits. Success is a few simple disciplines practiced every day. Failure is a few errors in judgment repeated every day.

Cash Flow 52

Cash Flow Contractors Profitability Contract 52

Construction Business Owner

NOVEMBER 3, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Construction Software – Is it Time to Buy? The New Estimating Tool – Superintendents » So You Want to Buy New Construction Software. Job Cost & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

JUNE 19, 2013

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

Profitability 49

Profitability Cash Flow Accounting Construction 49

Construction Business Owner

SEPTEMBER 27, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Construction Business Owner Attends APWA 2011 Congress » Section 179, and what YOU need to know about it. Is There No Free Lunch or Construction Software? INSURANCE |.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

JANUARY 18, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Querying different type of jobs in job costing to look at profitability by type. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software.

Construction 168

Construction Software Software Accounting 168

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Some contractors watch as their gross profit margins decrease when they take on larger jobs. For these reasons, surety companies carefully consider multiple risk factors when bonding construction projects before they will agree to underwrite a construction bond.

Risk 52

Risk Cash Flow Construction Banking 52

Construction Business Owner

FEBRUARY 16, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Banks are attracted to profitable business. INSURANCE |. EQUIPMENT |.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JANUARY 31, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. As a construction business owner, you want customers (both current and potential) to see your business in a specific way. Is There No Free Lunch or Construction Software? INSURANCE |.

Construction 185

Construction Software Software Accounting 185