Banking Cash Flow Debt Washington 
Contractor Bookkeeping
AUGUST 29, 2014
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?
Contractor Bookkeeping
MAY 5, 2014
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. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities.
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Contractor Bookkeeping
MARCH 7, 2013
Several Washington State Department of Revenue sales tax reports and payments were never filed and paid. He would look at the bank balance in QuickBooks and since it always showed over $100,000 he thought life was grand! Two years later the cheap bookkeeper had turned his QuickBooks into one of the worst disasters I have ever seen.
Contractor Bookkeeping
SEPTEMBER 23, 2013
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. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.
Contractor Bookkeeping
DECEMBER 13, 2013
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.
Contractor Bookkeeping
SEPTEMBER 13, 2013
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. PRO: Prior Planning Prevents Poor Performance. See Leveling ).
Contractor Bookkeeping
AUGUST 13, 2014
Knowledge Leads To Profits And Cash Flow. If You Could Harness And truly understand even half of the information contained within your existing QuickBooks company file and I mean truly understood it, you could easily become a wealthy enough to be debt free and be living the lifestyle you truly deserve in five years or less.
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