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Managing Cash Flow in Contracting

Construction Business Owner

The processes and metrics that drive accountability to those responsible for its timely collection are rarely in place. The current accelerating growth of the industry since the economic downturn makes cash more important than ever.

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Construction Accounting: Always Measure Twice

Construction Business Owner

One of the most important, and often misunderstood, aspects of construction accounting is the relationship between work in progress (WIP) and the recognition of revenue. The failure to understand these concepts can often result in future cash flows from a project being insufficient to meet the costs yet to be incurred or owed.

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Stop Chasing Payments: How To Streamline Your Construction Receivables

Contractor Bookkeeping

Do you have enough cash flow to cover next month's expenses? Many small business owners need help keeping their accounts receivable in check, which can ultimately impact their business's health and sustainability. Running a small business is a constant juggle, and managing your receivables is one of the more frustrating tasks.

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Assessing Key Tax Methods for Contractors

Construction Business Owner

Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes. The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities.

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

In the world of small businesses, positive cash flow is king. Cash flow problems ensue, threatening the survival and growth of your construction business. However, careful planning and smart accounting practices can cushion or even avoid these financial blows. But what happens when outflow exceeds inflow?

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Cash Flow Advice For Construction Businesses

Contractor Bookkeeping

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That's likely what makes it a leading cause of stress for construction business owners. Cash flow refers to the movement of money into and out of your business.

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The Cash Flow Survival Guide For Your Construction Business

Contractor Bookkeeping

Avoiding cash flow crises is crucial for the success and sustainability of your construction business. Managing cash flow is vital for small business owners. Poor cash flow management can create significant challenges even if your business is profitable.

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