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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Click Here For More.

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Verifying the signed contract is in place. Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Enter bank deposits.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price. 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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Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Banking & Credit Crisis. --> Companies. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. The recession prompted many contractors to thin their fleets in order to lower overhead and generate cash. Gulf Oil Spill. -->. Building Types.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle. Chart of Accounts Bad Debts. Chart of Accounts Customer Checks Returned From Bank.

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

The Future for Housing: Market Contraction, Rising Inflation, Recession The historical and oft-used definition for an economic recession is two consecutive quarters of negative growth, which occurred during the first half of this year. Banks can get into trouble, too. Manage debt. Manage overhead. Manage land inventory.

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

Various cost information is typically formatted as Products & Activities, General or Routine Maintenance, New Construction, Renovation and/or Repair, Sustainability/Green, Job Order Contracting (JOC), or any combination thereof. Procurement Requirements and Contracting Requirements. 00 00 00 Procurement and Contracting.