article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity.

article thumbnail

Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

These tasks form the solid foundation of your small business. As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. foundation. foundation software. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. The good news?

Cash Flow 120
article thumbnail

Maximising ROI with construction project execution software

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals The benefits of using construction project execution software in maximising ROI The project execution phase is the most delicate stage — it lays the foundation for the actual work and sits at the heart of the process.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Collaborating on Cash flow » The Year of Mobile Technology? According to a report from the Pew Internet and American Life Project , “nearly 90% of Americans now own a cell phone, computer, MP3 player, game console, e-book reader or tablet computer” in 2011. foundation. foundation software. Home » Blogs.

Mobility 120
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

I think it is important that business owners never stop learning, so I read a lot of books to further my education on how to make my business the best it can be. Take Foundation Software, for example. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. foundation.

article thumbnail

Maximising ROI with construction project execution software

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals The benefits of using construction project execution software in maximising ROI The project execution phase is the most delicate stage — it lays the foundation for the actual work and sits at the heart of the process.