Levelset
SEPTEMBER 30, 2022
As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. And when they are approved, they often don’t get the amount of funding they need.
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. Learn More.
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Contractor Bookkeeping
JUNE 5, 2020
Managing cash flow is a vital part of running a successful construction business. Some contractors think managing cash flow means keeping track of how much money enters and leaves their business, but there's actually more that goes into it. Starting Cash + Cash In - Cash Out] = Cash Flow.
Levelset
MAY 23, 2022
From buying materials to hiring crews, business begins when cash flows. If you’re a specialty contractor who needs cash flow solutions, you’re not alone. In this article, you’ll discover five tips to improve your cash flow so that you can grow your business and increase financial flexibility.
Contractor Bookkeeping
MARCH 26, 2021
Most construction business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions. What three reports do you need for your construction business? #1
Levelset
JUNE 6, 2022
In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.
Contractor Magazine
JANUARY 27, 2014
Specifically, “my income statement shows $50,000 but I don’t have $50,000 in my bank account. I introduced you to the Statement of Cash Flows, the financial statement that answers this question. As promised, in this installment of the series we’ll look at some ways that cash flow can be improved.
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