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. WIP is one element of an inventory account. Well, not exactly.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

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. WIP is one element of an inventory account. Well, not exactly.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

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. Speed Up Receivables.

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. Speed Up Receivables.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

JULY 18, 2012

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns.

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

JANUARY 27, 2014

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns.

Contractors 49

Contractors Accounting Banking Profitability 49