Cash Flow Income Lien Profitability 
Levelset
AUGUST 4, 2022
However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing.
Levelset
APRIL 5, 2022
Bigger projects require more materials and more labor, which means higher cash requirements. 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. But what about cash flow? Poor planning. Stuff happens.
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Levelset
MAY 2, 2022
Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Showing them proof of expected income will go a long way to calming their fears.
Levelset
JUNE 6, 2022
It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. The invoice is recorded in the chart of accounts with a credit to the income account for $100,000, a debit of $90,000 to accounts receivable, and a debit of $10,000 to retention receivable.
Contractor Bookkeeping
FEBRUARY 28, 2014
Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.
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. 3 Your Income Tax Return Preparer.
Contractor Bookkeeping
JUNE 18, 2013
Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.
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