article thumbnail

5 Ways to Stop Your Company’s Money Leaks & Blockages

Construction Business Owner

Imagine your company as a funnel with a shut-off valve controlling the flow of profit output. The funnel absorbs and reduces the profit output by paying invoices for job costs and overhead expenses. The leftover flow is net profit cash exiting the end of the funnel into your equity account.

Equity 246
article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Accounts Receivable Turnover . Accounts Receivable Turnover is an activity ratio that measures how efficiently a firm uses its assets. A higher ratio indicates a stronger ability to collect on Accounts Receivable. .

Safety 94
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

All Accounting Methods Share The Same Accounting Equations. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Regular Accounting Has These Things In Common: Sales - With 1-4 categories.

article thumbnail

Expiration of Mortgage Bailout Programs Unlikely to Cause Foreclosure Crisis

Pro Builder

At the peak in May 2020, there were 5 million borrowers in forbearance programs and that has since dropped to 1.618 million, accounting for 3.1% But 98% of those troubled borrowers now have at least 10% equity in their homes, not counting their missed payments. Including those payments, 93% still have more than 10% equity.

Equity 52
article thumbnail

Octavius buys R&W out of administration

Construction Enquirer

Private equity owned Octavius was formerly known as Osborne Infrastructure. Latest accounts for R&W Civil Engineering for the year to March 31 2022 show a turnover of ÂŁ31.8m generating a pre-tax profit of ÂŁ876,000. Octavius has now finalised a deal for the firm after it went into administration.

Equity 69
article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.

article thumbnail

3rd annual Construction Inclusion Week begins October 16-20

BD+C

In addition to engaging with Construction Inclusion Week content during the week, firms are encouraged to partner with local non-profits and to participate in community engagement events focused on education, wellness, and shelter initiatives encouraging firms to partner with local non-profits in their communities.