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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! Is Cash Flow The Same As Profit?

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. Keep The Service Agreement Cash Separate. One of the best parts is you have an immediate increase in cash flow. Visit [link] to learn more.

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The Future of the Built Environment in 2019

Stok

Here, our interdisciplinary team of sustainability consultants, engineers, designers, and project managers share sound bite insights on what 2019 is shaping up to be all about. The Federal Reserve Bank of the United States (the Fed) kept rates unchanged today, but what does that mean for the real estate industry this year?

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You Have HUD-1 Statements And Your Bank Wants Financial Statements

Contractor Bookkeeping

You are a spec home builder in need of a construction draw and your bank or lender wants to see your latest financial reports and this time they want all of the current houses you are working on to be reflected in QuickBooks correctly as Work-In-Process (W.I.P.) Does this sound familiar? and not in Cost of Goods Sold (COGS) or Expenses.

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Construction Business Owner Blogs

Construction Business Owner

It got me to thinking not only about how poorly managed large companies within an industry of that size and importance must be in order to collapse like it did, but also what makes something “Too big to fail”? Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds.

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Do Contractors Need Every QuickBooks Feature?

Contractor Bookkeeping

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 2 Comparing your contracting company with your competitors. #3

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Bill.Com Setup For The Unique Needs Of Construction Contractors

Contractor Bookkeeping

You''ll also want to introduce us to your bank, so you can make and receive payments, add other users and set up a workflow, and personalize your account. In the end we believe Bill.Com is still a worthwhile investment because of the time savings and increased cash flow.). Visit [link] to learn more.