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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! What Makes Up Your Construction Company Cash Flow?

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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. One of the best parts is you have an immediate increase in cash flow. Some clients will not return phone calls and never let you schedule their service.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. They manage multiple projects, purchase a large quantity of materials, and work with a variety of subcontractors and vendors.

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Washington State Department of Revenue Sending E-Mail To Contractors

Contractor Bookkeeping

A new message regarding a change to the Department of Revenue''s banking information is waiting in your Secure Messaging Inbox regarding your account. On July 1, 2014, the Department''s bank account will move from Bank of America to US Bank. You may see a change in the payment description on your bank statement.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade]. Embrace Automation.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.

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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. Click On The Button Below To Download A Free Guide.