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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
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Some secrets of surviving 28 years in business

Construction Marketing Ideas

At least one national project emerged from this initiative (Canadian Design and Construction Report, cadcr.com) and I discovered I could export the regional publication concept to the US, and so have some interest in markets down south. Debt is a pain. Bank debt can be a killer.

Debt 48
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Panic, carnage and patience: Steps to take to manage and win with risk and reward in business and marketing

Construction Marketing Ideas

It is still fresh in the mind for most of us. You don’t want to lose your house because the bank takes it when your business fails. This touches on how big a mortgage to allow and whether you personally have secured your business debt. What can you do to avert/prevent business stress and crisis. the 2008/09 panic.

Risk 48
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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.

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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. Fred Used A Few Bad Words - And shouted at Wilma blaming her for the bounced checks.

Deals 48
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All the Way Back

Buisness Facilities Contributed Content

A solid surge of new jobs in March and upwardly revised estimates for January and February put us over the top. They failed, allegedly when British banking giant Barclays quibbled over the fine print, according to Paulsen’s memoirs (echoed in Geithner’s new book–which should be titled Don’t Blame Me ).

Banking 47
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Contractors Use Google Earth Like A Giant Stanley Tape Measure

Contractor Bookkeeping

Which means if they invest $100 today we would like to see the money back in the company bank account in four years? How will it affect the debt to equity ratio? If we do our job well we help contractors earn and save more than what they pay us. 100 X 25% a year = $25 a year X 4 Years = $100. What about discount rates?