ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Use Financing to Provide a Cushion. Embrace Automation.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Use Financing to Provide a Cushion. Embrace Automation.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Viewpoint Construction Technology

FEBRUARY 12, 2019

A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance.

Cash Flow 130

Cash Flow Software Software Accounting 130

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. Which then throws everything off from revenue forecasting to budgeting.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

OCTOBER 4, 2013

Plan on meeting with them on a monthly, quarterly, semi-annual basis whatever works for both of you and bring two printed copies of your Profit & Loss and Balance Sheet for them to review with you. Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances.

Profitability 48

Profitability Construction Accounting Cash Flow 48