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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .

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Online Exclusive: Accounting Basics for Small Contractors — The Balance Sheet

Contractor Magazine

This evolved from a question that was posed by contractors on a message board regarding the difference between profits and cash. It’s the financial statement that summarizes the company’s assets, liabilities and equity at any moment in time. Now, let’s go back and take a detailed look at the balance sheet as previously promised.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity. 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.

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Contractor Bookkeeping Vs. Regular Bookkeeping

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. Cash On Hand.

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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. Cash On Hand.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. -. It is easy to run reports to determine which items are profitable and unprofitable and make adjustments quickly as needed. -. Cash On Hand.

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Contractors Extraordinary Financial Reporting Needs

Contractor Bookkeeping

QuickBooks contractor Financial Reports such as Profit and Loss, Balance Sheet, Cash, Receivables, Payables, Job Costing Reports and Job Profitability Reports are a mystery to most contractors. Liabilities = Who you O we money too? Equity = How much money is left O ver for you? And Have When And Where You Need Them!