Contractor Bookkeeping

SEPTEMBER 23, 2013

You are not a bank so never, ever use your high interest credit cards and supplier accounts to provide financing to your customers in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. Answer #3 - Contractors Are Not Bankers.

Debt 49

Debt Construction Accounting Banking 49

Contractor Bookkeeping

JANUARY 27, 2014

Spec Home Builders - Need people trained in construction accounting who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience.

Contractors 49

Contractors Accounting Banking Profitability 49

Construction Business Owner

MARCH 29, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. Does an electrical raceway run through a duct bank? Committing Intentional Project Communications. Better Project Management through Better Communication. construction management.

Construction 120

Construction BIM Software Software 120

Construction Business Owner

FEBRUARY 23, 2012

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. For example, I have a mobile banking app on my smartphone. With it, I can check my balance, see transactions, and transfer money, but I can’t apply for a loan on my phone like I can on the bank’s website.

Software 120

Software Software Construction Mobility 120

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. It is a toss of the dice, but having top-notch project management and cost estimating will weigh the dice in your favor. Committing Intentional Project Communications. construction management.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

JUNE 8, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

OCTOBER 4, 2013

Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

DECEMBER 20, 2013

Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.

Profitability 48

Profitability Accounting Construction Security 48

Contractor Bookkeeping

JULY 28, 2014

All construction problems are related to cash flow or communication. As soon as I need money I will ask for it - See Cash Flow Diagram. My wife is good at managing what little money I bring in so I don''t need any just yet. I have personal and business credit cards to finance the work. Click Here For More.

Contractors 49

Contractors Change Orders Accounting Cash Flow 49

Construction Business Owner

MAY 11, 2011

MANAGEMENT |. General Management. Accounting & Finance. People Management. Equipment Management. The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Committing Intentional Project Communications. Management.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JUNE 20, 2014

Go To Your Bank - And they offer you a line of credit. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. The only thing you know is your old boss was a terrible business manager and anyone could do better than that. It is a must have to borrow money from a bank.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

Did You Go To Your Bank - And they offered to give you a line of credit. Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? The only thing you know is your old boss was a terrible business manager and anyone could do better than that!

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

AUGUST 11, 2014

The ripple effect, like throwing a stone in a pool of water impacts the area around it, caused massive cash-flow headaches. Instead Of Making Money On His Payables The contractor was bouncing checks, paying credit card over-limit charges, late fees, other financing issues and had to take a loan on his house just to stay in business.

Profitability 48

Profitability Contractors Accounting Income 48