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Claritas Group went down owing £7m to supply chain

Construction Enquirer

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. A statement of affairs seen by the Enquirer ahead of the company being wound-up details debt levels across the business. Details show trade creditors owed £2.7m

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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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Construction Bad Debt What To Do About It

Contractor Bookkeeping

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.

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

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. The contractor contacted us for help and advice.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. Please write in and let us know how we are doing.

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Attorney Demand Letter – Will It Get You Paid?

Construction Law Monitor

.” Payment applications and invoices get sent out, and then it’s unfortunately a battle to always get cash flowing. Getting Your Account Paid Means Prioritizing Your Invoice With Your Customer. Followup, followup, followup…and let us suggest sending a demand letter. Make sure they have the invoice.

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Unique Contractor Investment Can Exceed 100% Return

Contractor Bookkeeping

As Contractors Move Away From Gut-level Decisions - And begin relying on their accounting systems to provide useful financial and job costing reports the open a treasure chest busting at the seams with useful knowledge which can lead them to earning massive profits and by extension increase their personal wealth exponentially.