Remove Cash Flow Remove Inventory Remove Profitability Remove Work in Progress
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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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.

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Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Job Material Inventory Costs. Work-In-Progress (W.I.P.). Supply Chain Management Costs. Job Scheduling.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

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. Speed Up Receivables. Use Financing to Provide a Cushion.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

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. Speed Up Receivables. Use Financing to Provide a Cushion.

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Electrical Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Inventory Tracking - Can be a nightmare and we have a system for it. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns.

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Plumbing Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Inventory Tracking - Can be a nightmare and we have a system for it. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns.