Contractor Bookkeeping
APRIL 7, 2023
Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. Poor cash flow Not bringing enough money in is the main reason why businesses fail. You must have more money coming in than is going out, or you're on the express train to bankruptcy.
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.
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Contractor Bookkeeping
SEPTEMBER 3, 2021
Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Your finances are negatively affected, and it's up to you to lead the recovery.
Contractor Bookkeeping
NOVEMBER 3, 2012
The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Residential Remodel Contractor Building A Home.
Contractor Bookkeeping
OCTOBER 18, 2013
No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it. If The Bookkeeper Has No Skill In Construction Accounting.
Contractor Bookkeeping
JULY 27, 2012
Aggravation Box - Computer with construction accounting software operated by a trainee. Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material. Assets of Firm - Cash / Business Process / Sales Process / Client List / Predictable Cash Flow.
Levelset
JULY 19, 2022
As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts.
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