Contractor Bookkeeping
AUGUST 29, 2014
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?
Contractor Bookkeeping
MAY 5, 2014
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. Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities.
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Contractor Bookkeeping
MARCH 7, 2013
Several Washington State Department of Revenue sales tax reports and payments were never filed and paid. It took almost three years of hard work on the part of him and his construction crew to raise the money and pay off all of the past due tax returns, fines and penalties, suppliers and all the credit card debt.
Contractor Bookkeeping
SEPTEMBER 23, 2013
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. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.
Buisness Facilities Contributed Content
NOVEMBER 18, 2013
As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.
Construction Marketing Ideas
JUNE 19, 2012
Perhaps the quick and easy solution would be to eliminate the Net and Gross pricing structure, but our analysis has shown that it improves payment velocity (always helpful to cash flow) and the extra revenue from late payers really offsets most of our bad debt. The charges were technically correct, but absurdly high.
Contractor Bookkeeping
SEPTEMBER 13, 2013
Cash flow and Profit is not accident, it is a result of deliberate action. None of my contractor friends who are in debt up to their ears do it. ( About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. PRO: Prior Planning Prevents Poor Performance.
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