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?

Cash Flow 48

Cash Flow Management Contract Accounting 48

Levelset

JULY 25, 2022

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction businesses may have equipment, materials, or technology that function as capital, too. . Debt capital can be vital for managing cash flow in construction.

Debt 97

Debt Cash Flow Equity Finance 97

Pro Builder

JANUARY 31, 2023

However, with increases in interest rates, cancellations, inventories, construction time, and customer concessions, financing expenses are set to go up by an average of between 4% and 5% in the foreseeable future. Private builders are currently experiencing 40% to 50% declines in traffic and sales, and inventories are 21.3%

Inventory 98

Inventory Housing Profitability Cash Flow 98

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Different projects require specific materials and often involve working with several subcontractors. ProcurementExpress.com lets teams input all vendor information, set budgets, and input all approved materials.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

FEBRUARY 11, 2019

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Different projects require specific materials and often involve working with several subcontractors. ProcurementExpress.com lets teams input all vendor information, set budgets, and input all approved materials.

Procurement 52

Procurement Plans Construction Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40