Remove Banking Remove Cash Flow Remove Debt Remove US
article thumbnail

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?

article thumbnail

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. In your construction company it is the same, you need the answers in order to develop understanding and that is what helps us all let go of the past and move forward.

Debt 49
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 Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

He was not aware of the extent of the problem because the bookkeeper hid the bounced check notices and intercepted the phone calls from the bank, the angry merchants and suppliers by applying for new credit cards in the contractors name to finance the house of cards. The contractor contacted us for help and advice.

article thumbnail

As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal

Contractor Bookkeeping

External Accounting - The part that provides information to process Payroll and fill out Monthly and Quarterly Tax forms and the Annual Tax Return and to fill out Bank Loan Applications. After A Few Months - The bank started bouncing Fred''s checks. All of this made a bad cash flow situation worse.

Deals 48
article thumbnail

Optimize Vs. Maximize Construction Company Production

Contractor Bookkeeping

It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If If Your Profits averaged over the past five years are less than 10% you may want to contact us for a no-charge one hour consultation we may be able to help. It is all about having a Strategy That Works!

article thumbnail

Contractor's Unique Business Plan Outline

Contractor Bookkeeping

Cash flow and Profit is not accident, it is a result of deliberate action. None of my contractor friends who are in debt up to their ears do it. ( Contractors typically run their business with a daily print out from the online account at their bank. Some use software and most that we come in contact with use QuickBooks.

Plans 48
article thumbnail

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.