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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Think of all the times: You loaned money to a friend or relative.

Finance 48
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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Cash is king! Click Here For More.

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Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

1 External Tax Accounting purpose is to report income to the government by preparing tax forms and making certain you pay your fair share of taxes and if you have bad bookkeeping perhaps a little extra. Equipment auctions and listen to contractors explain why the bank repossessed everything. Two Basic Types Of Accounting. #1