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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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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. These basic reports are critical to business profit and loss, and if your system can’t seamlessly pull them all in a flash it’s time to take a look at what else is out there.

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Investor Purchases of Single-Family Homes Threaten an Overcrowded Market

Pro Builder

Buy-to-rent investment purchases could pose a substantial risk to the housing market, particularly with dwindling supply. According to the CalculatedRisk Newsletter, demographics are now favorable for buying homes, but new house hunters are squaring off against investors who are able to obtain financing at lower rates.

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Profitable Construction Companies Use MR>MC To Increase Profits

Contractor Bookkeeping

Every Day You Are - Presented With opportunities to invest your money and the key strategy is putting your money to work where it will earn you the most bottom line profit and increase your cash flow. Have you considered discounted cash flows? If it is financed what are the payment terms? To The Bottom Line!

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Second, if you’re looking to raise finance, all potential investors will ask to see your business plan before agreeing to fund you. There are many different types of insurance in the United Kingdom. Legal Documents.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

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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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.