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How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. Poor cash flow Not bringing enough money in is the main reason why businesses fail. You must have more money coming in than is going out, or you're on the express train to bankruptcy.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

After interviewing this contractor and his bookkeeper and conducting a thorough review of his QuickBooks for Contractor file and the QuickBooks Setup I believe this contractor had a bookkeeping troll. The contractor contacted us for help and advice. The mindset of a contractor is similar to that of a cowboy herding cats.

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$170 million down the drain: Lessons to learn from Quirky’s bankruptcy

Construction Marketing Ideas

The quirky.com website (scrolling down from the bankruptcy notice at its top.) The bankruptcy notice. This business managed to blow $170 million in venture capital in less than seven years. It had some of the best and brightest minds in the business. Alas the idea didn’t work.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. The same goes with managing sub-contractors and suppliers.

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Construction Company Recovery After A Financial Setback

Contractor Bookkeeping

Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Your finances are negatively affected, and it's up to you to lead the recovery.

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Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

There Is A Disturbing Pattern Among Contractors And You Need To Be Aware Of It! No construction company goes bankrupt that had useful accurate Financial Statements and Job Costing Reports that they understood and paid attention to because they would have seen bankruptcy coming well enough ahead of time to avoid it.