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A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

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KPIs for Architects: 3 Performance Indicators to Watch

Levelset

These data points provide insight into the profitability of a company and give owners an early indication of potential issues. Architectural business consultant Lucas Gray of Charette Venture Group recommends three KPIs to help firms measure their profitability: break-even point, utilization rate, and billable ratio. .

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. I highly recommend that any contractor considering such an investment first consult with their CPA or tax specialist to discuss how Section 179 applies to their unique situation. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. February 2009.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Contractor''s Business Round Table Reduces Profits.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Accounting & Finance. Now I am by no means an expert on the subject, so prior to starting the bonding process, it is important to consult with a bonding specialist to review all the requirements for your specific situation. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. February 2009.

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