Banking Cash Flow Construction Lien 
Levelset
MARCH 21, 2022
Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.
Levelset
MAY 23, 2022
In the construction industry, starting a new project means encountering automatic, upfront costs. How individual specialty contractors handle these costs vary, but as the saying goes, “Cash is king.” From buying materials to hiring crews, business begins when cash flows. Protect your lien rights.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Levelset
APRIL 5, 2022
Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Ensuring consistent cash flow throughout a project is the key to scaling your contracting business. Why contractors run out of cash. But what about cash flow?
Levelset
AUGUST 16, 2022
To grow a construction business, contractors often pursue larger projects. Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Scope of work compared with past projects.
Levelset
AUGUST 5, 2022
Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Learn more: An architect’s guide to cash flow. If all your subscriptions fall in the same month, you can take quite a cash hit.
Levelset
JUNE 6, 2022
Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Debit Credit Bank or cash $90,000 Retention receivable $90,000. According to Steven J. How to record retention payable.
Contractor Bookkeeping
MARCH 9, 2013
Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. The thinking appears to be: "I have low price work so I need to cut costs by hiring a part-time secretary that can do everything including my construction bookkeeping.
Expert insights. Personalized for you.
98 
Let's personalize your content