Accounting Banking Cash Flow Debt 
Levelset
JULY 25, 2022
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. Debt capital. 3 types of capital for construction.
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! What Makes Up Your Construction Company Cash Flow?
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Contractor Bookkeeping
MAY 5, 2014
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. 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. Need Help Now?
Contractor Bookkeeping
SEPTEMBER 23, 2013
All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Owning and operating any business including accounting means sometimes you provide goods and services and not get paid. Knowing The Answers Helps. Answer #2 - The Two Percent Rule.
Contractor Bookkeeping
MARCH 7, 2013
This is a special type of bookkeeper who BS's their way into a job as a construction bookkeeper with little or no construction accounting skills and in a short time find themselves in over their head with no way out except to keep the game going until they are discovered. At that point he knew something was very, very wrong.
Levelset
AUGUST 16, 2022
You can calculate your working capital by adding your cash on hand with your accounts receivable that are under 90 days. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Sureties calculate working capital more conservatively than other credit providers or banks.
Contractor Bookkeeping
MARCH 9, 2013
Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Maintain and update vendor list with contact information, account numbers and terms. Enter banking transfers between checking and savings accounts.
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