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Using Financial Reconciliation To Keep Your Construction Business On Track

Contractor Bookkeeping

It involves regularly checking your financial situation to ensure your accounts are in order, your records are up-to-date, and you're spending within your budget. Among those activities, financial reconciliation is vital in keeping your finances and business on track.

IRS 93
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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. If you're looking to grow your construction business, you might consider expanding your service offerings.

Cash Flow 101
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Here Are the Most and Least Affordable Housing Markets in December 2022

Pro Builder

Those who spend over 30 percent of their income on monthly housing payments are considered “cost burdened,” according to the Department of Housing and Urban Development (HUD), and as housing costs continue to rise, that’s the official designation for a growing number of homeowners in the largest U.S. Housing Markets. Affordability.

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2023 industry recession to be deeper than first forecast

Construction Enquirer

Private housing new build, and private housing rm&i account for around 40% of total construction output and are forecast to be the sectors most impacted by falling household incomes and higher interest rates. fall in output. contraction expected is smaller than during the construction recessions of 2008/09, 2012 and 2020. .

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Outsourced Accounting For Your Contracting Company

Contractor Bookkeeping

If after reviewing these questions if you would like to have an open and honest conversation with us about outsourced accounting for your contracting company please contact Sharie at 206-361-3950 or sharie@fasteasyaccounting.com. All Outsourced Accounting Services Are Done In Our Office In Lynnwood Washington. Not here, not ever!

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A Cash Flow Guide for Architects

Levelset

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. This is in contrast to an accrual basis , which is a form of accounting that tracks revenue and expenses when they are incurred, not when they are paid or received.

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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. times median first-time buyer income in the fourth quarter. Read More. .