Contractor Bookkeeping
SEPTEMBER 3, 2021
Your finances are negatively affected, and it's up to you to lead the recovery. Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same.
Contractor Bookkeeping
NOVEMBER 3, 2012
You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes.
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Contractor Bookkeeping
AUGUST 6, 2014
1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 Getting back to financing strategies for your contracting Company it will help if you understand the banking version of The Construction Specifications Institute. Do your best to avoid raising any red flags. Five Red Flags To Avoid. #1
Pro Builder
OCTOBER 3, 2020
Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? Finance and Zebras . But a bit more study was required. .
Constructonomics
MAY 2, 2014
Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. Hiring a lawyer can totally blow your entire profit margin, to which you are entitled.
Buisness Facilities Contributed Content
JULY 17, 2013
The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. The manager will determine what he can salvage from a legacy of decline that has left Motown on the cusp of bankruptcy. These have been dark days for Detroit. million-square-foot plant.
Pro Builder
AUGUST 13, 2020
A few years later though, a VP of finance at that company bragged to a national meeting about the huge “profit center” he was accumulating through unpaid labor—work done but which contractors never billed for. The next morning, the VP of finance was gone and the chairman made sure everyone throughout the company understood why.
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