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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

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! Is Cash Flow The Same As Profit?

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

In the meantime, service agreement customers are a source of cash flow and are predetermined to call you instead of your competition when repairs are necessary. One of the best parts is you have an immediate increase in cash flow. Some clients will not return phone calls and never let you schedule their service.

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Rory Woolsey's Construction Estimating Blog: It Don't Come Easy!

Rory Woolsey

Construction management in a nutshell is the planning, organizing, implementing and controlling of a projects time, costs, resources and cash flow. Construction projects are made up of hundreds of interdependent tasks that have a specific order that they must occur. Sunday, April 15, 2012. It Dont Come Easy!

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Do Contractors Need Every QuickBooks Feature?

Contractor Bookkeeping

We agree with half of that statement; contractors need to pay their fair share of taxes but not until they absolutely have too for two reasons: #1 Paying bills early hurts cash flow. #2 The Next Two Profit & Loss Reports Show Accrual Vs. Cash And % of Income. 2 Comparing your contracting company with your competitors. #3

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Rory Woolsey's Construction Estimating Blog: Losing Your Shirt.

Rory Woolsey

Knowing where the key project metrics such as time , costs, resources , and cash flow are relative to a datum (the project plan). Good project managers will always know where these project metrics are because they are indicative of the immediate health of the project. Good planning matters!!

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Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

What we can share is something that has been going on for hundreds if not thousands of years and is so simple that it hurts me to know that most contractors who need more cash flow and profit will do it and contractors who don''t need more cash and profits do it regularly. Change Order Management. Job Scheduling.

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Three Unique Marginal Costs Grow Construction Profitability

Contractor Bookkeeping

This one thing can have a massive impact on cash flow and profits. Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.