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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

FEBRUARY 3, 2023

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. One of the most significant challenges during that time was the lack of financing for commercial construction companies.

Finance

Finance Cash Flow Materials Security

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

JUNE 6, 2022

Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.” ABC Contractor is billing a project owner for $100,000 with 10% retention. Debit Credit Bank or cash $90,000 Retention receivable $90,000.

Accounting

Accounting ABC Banking Liability

4 Ways Materials Financing Can Help You Recession-Proof Your Business

Accounting for Retention Receivable & Payable: A Contractor’s Guide

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