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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

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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Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

Proper construction accounting is all about the details. Everything starts with cash because "cash is fact, profit is an opinion." All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

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. Construction Accounting As It Relates To Service Agreements. Keep The Service Agreement Cash Separate. Xero Outsourced Construction Accounting Services.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. STRATEGY |. MANAGEMENT |.

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Fast Easy Accounting Overview What We Do For Contractors

Contractor Bookkeeping

We Are Construction Accountants. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. QuickBooks Outsourced Construction Accounting Services. Can You Relate To This?

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Does this sound familiar? and not in Cost of Goods Sold (COGS) or Expenses.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. Tags accounting.