Levelset

JUNE 6, 2022

Both retention accounts are shown as current assets and current liabilities, respectively. According to Mehdian, a lot of contractors don’t record retention receivable or payable, especially those using Quickbooks accounting software. Plus, not recording retention payable leads to the understating of a company’s liabilities.

Accounting 98

Accounting ABC Banking Liability 98

Autodesk Construction Cloud

DECEMBER 18, 2021

Equipment tracking software may be needed to account for all moveable equipment. Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Subcontractor closeout happens next, and you should verify that all work has been completed up to your quality standards.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Levelset

JULY 19, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Keep the cash flowing as smoothly as your paint.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 18, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Keep the cash flowing through your financial pipes.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Keep the cash flowing like current on a hot line.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Contractor Bookkeeping

JANUARY 2, 2015

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. You can develop your own estimating and pricing process or use a software estimating program like UDA. Lessons You Will Learn.

Construction 48

Construction Insurance Accounting Claims 48

Levelset

JULY 22, 2022

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). Keep the cash flowing like water down a valley.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52