Levelset

MARCH 21, 2022

To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Poor cash flow management is the number one reason why construction businesses fail. Plan out your cash flow.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Levelset

APRIL 5, 2022

Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. But what about cash flow? Poor planning. Stuff happens.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Levelset

AUGUST 5, 2022

Write a business plan. Writing a business plan forces you to think about the reality of opening your own firm. Creating a business plan helps you focus on the specific steps necessary to make the business succeed, and by setting clear goals it also helps you achieve your short-term and long-term objectives. This can be a shock.

Architecture 52

Architecture Cash Flow Income Lien 52

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Provide a plan. Get more trade preferences.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

JUNE 6, 2022

It provides a financial incentive to ensure that the work is of appropriate quality and meets the plans and specifications. The invoice is recorded in the chart of accounts with a credit to the income account for $100,000, a debit of $90,000 to accounts receivable, and a debit of $10,000 to retention receivable.

Accounting 98

Accounting ABC Banking Liability 98

Contractor Bookkeeping

JUNE 18, 2013

Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Sales tax liens against contractors twenty two times higher than any other business. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Contractors Cash Flow Accounting 48