Levelset

SEPTEMBER 30, 2022

As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. But when you take into account how long it takes for specialty contractors to get paid, it gets risky quickly, especially if you’re just starting out.

Cash Flow 52

Cash Flow Banking Finance Bidding 52

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. New revenue recognition standards will require contractors to adjust accounting practices.

Accounting 223

Accounting Contract Viewpoint Cash Flow 223

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. No two projects look the same, and even the best-prepared estimates give contractors and clients only a partial picture of the actual scope of work and the costs involved. Signatures from both the client and contractor.

Cash Flow 52

Cash Flow Contractors Budget Budgeting 52

Construction Business Owner

MARCH 1, 2012

Accounting & Finance. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

MARCH 29, 2022

Rising costs during a construction project affect not only the project’s profitability — they affect a contractor’s ability to survive. Economic growth already strains a construction company’s cash flow , and increasing costs only make it worse. Related: 5 ways contractors can tackle a construction labor shortage.

Deals 98

Deals Contractors Cash Flow Construction 98

Levelset

MARCH 11, 2022

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. And they are – but so are the contractors who will actually build the project. Contractors build them. Inviting contractors to share value.

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Contractor Bookkeeping

AUGUST 29, 2014

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! What Makes Up Your Construction Company Cash Flow?

Cash Flow 48

Cash Flow Management Contract Accounting 48

Contractor Bookkeeping

SEPTEMBER 17, 2019

A wise business owner once said, "Happiness is positive cash flow." Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating, and it can even kill your business. As a business owner, I'm sure you agree.

Cash Flow 49

Cash Flow Management Construction Finance 49

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Negotiate better contract terms.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

AUGUST 18, 2011

Accounting & Finance. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This report illustrates how a contractor bills a client versus the work they have actually completed.

Cash Flow 168

Cash Flow Software Software Accounting 168

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. Contractor risks with a construction-to-permanent loan. What is a construction-to-permanent loan?

Contractors 98

Contractors Lien Finance Construction 98

Construction Business Owner

OCTOBER 26, 2011

Accounting & Finance. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

SEPTEMBER 27, 2011

Accounting & Finance. A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. Construction Law.

Construction 180

Construction Software Software Accounting 180

Contractor Bookkeeping

JULY 12, 2019

Construction company cash flow is the movement of money in and out of your contracting business; these movements are known in accounting circles as inflow and outflow.

Cash Flow 53

Cash Flow Contract Income Overhead 53

Contractor Bookkeeping

JANUARY 11, 2019

Running a contractor operation takes a pretty special individual, especially since there are going to be so many different moving parts with each and every project your contracting outfit takes on.

Cash Flow 62

Cash Flow Finance Contractors Contract 62

Levelset

AUGUST 29, 2022

Having access to extra cash flow can eliminate financial barriers before they become roadblocks for your business. Even if you have enough cash today, financing your materials is a great solution to have in your back pocket for unexpected needs in the future. “We Now it is with Materials Financing.” – Joseph G.,

Finance 52

Finance Cash Flow Materials Banking 52

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 52

Finance Cash Flow Materials Security 52

Construction Business Owner

FEBRUARY 16, 2012

Accounting & Finance. » Contractors Seeking Credit Should Prepare to be Prepared. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JANUARY 30, 2011

Accounting & Finance. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. MANAGEMENT |. ACCOUNTING |.

Contractors 120

Contractors Design Software Software 120

Contractor Bookkeeping

MARCH 7, 2013

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.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Viewpoint Construction Technology

FEBRUARY 12, 2019

Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. A strong system will provide you with tools to calculate asset accounting, depreciation, finance and operating leases. You’ll need reports that help you manage project costs (e.g.

Cash Flow 130

Cash Flow Software Software Accounting 130

Contractor Bookkeeping

OCTOBER 15, 2021

In this case, you'll want to include up-to-date cash flow reports, income statements, budgets, and projections in your plan for a potential lender. If your construction business doesn't have a credit history, you may need to look at other options for financing your plans. Applying to a lender for a business loan is one option.

Cash Flow 101

Cash Flow Income Finance Plans 101

Contractor Bookkeeping

MAY 31, 2024

By simulating different scenarios and examining potential outcomes based on various inputs, such as sales growth, margins, and cash flow, these models provide a comprehensive picture that aids in informed decisions. Financial models are invaluable tools designed to help you understand and protect your business's economic health.

Modeling 111

Modeling Cash Flow Industrial Construction 111

Levelset

JULY 25, 2022

Because payment for construction jobs may be weeks or months after work is already completed, companies must manage their finances carefully to maintain cash reserves for taking on new jobs. “Often, the case is pretty strong to use debt financing for long-term assets, which frees up cash for operating expenses.

Debt 97

Debt Cash Flow Equity Finance 97

Contractor Bookkeeping

OCTOBER 23, 2020

Picking a Get-Me-By Contractor's Bookkeeping Solution in many cases is using an Excel Spreadsheet and a shoebox, file folders all dumped into a file box and looking at the Online Banking once in a while. No one starts a business, especially a contracting business, and have it rolling perfectly with a profit every step of the way.

Cash Flow 75

Cash Flow Contractors Banking Accounting 75

Contractor Bookkeeping

OCTOBER 29, 2021

You can either keep on "Powering Through"- spend your life endlessly chasing details, missing appointments, suffer untold losses in cash flow and profits, or you can start developing a plan and work on your business. Successful contractors improve processes all year long.

Plans 98

Plans Cash Flow Construction Profitability 98

Contractor Bookkeeping

DECEMBER 2, 2016

I know from many years while we were contractors it paid off handsomely so I am simply passing on a mere "scrap of information" to help you get more cashflow and profit. If you are their contractor and you are actively working and the contractor they like and trust. We do not provide merchant services. Who Will They Call? -

Cash Flow 48

Cash Flow Contract Banking Profitability 48

Construction Business Owner

NOVEMBER 8, 2011

Accounting & Finance. It crystallizes our mission to make contractors’ jobs easier and we put that mission into our own words: “When better is possible, good is not enough.” For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.”

Construction 174

Construction Software Software Accounting 174

Levelset

JULY 28, 2022

The construction labor shortage and escalating inflation are causing stress and working capital difficulties for specialty contractors. While labor shortages may seem like a people problem, they’re a cash flow issue too. Contractors can overcome the current labor shortage with the proper tools and support. Learn More.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Construction Business Owner

APRIL 1, 2011

Accounting & Finance. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

AUGUST 6, 2021

Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming economic issues. If you are a contractor, you are most likely a "doer," someone who gets things done, not now but right now! Every business needs a financial plan.

Plans 101

Plans Cash Flow Construction Concrete 101

Construction Business Owner

AUGUST 30, 2011

Accounting & Finance. You know, lots of contractors using an off-the-shelf accounting program ask me the same question: Why is construction-specific accounting software so much more expensive? Construction-specific systems allow contractors to instantly track and analyze job progress and performance. MANAGEMENT |. ACCOUNTING |.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

OCTOBER 26, 2011

Accounting & Finance. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. MANAGEMENT |.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

JANUARY 18, 2012

Accounting & Finance. Mid-January is a time of reflection for many contractors. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Resource Center.

Construction 168

Construction Software Software Accounting 168

Levelset

JUNE 21, 2022

Also, the Air Conditioning Contractors of America estimate 13% job growth by 2030, outpacing the average across all industries. So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow.

Cash Flow 98

Cash Flow Accounting Profitability Residential 98

Construction Business Owner

NOVEMBER 22, 2011

Accounting & Finance. Many contractors go into business because they’re great at what they do. I know a successful excavating contractor that took over his father’s grave digging business when he was younger. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Green Building.

Construction 159

Construction Software Software Accounting 159

Levelset

APRIL 5, 2022

Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Why contractors run out of cash. But what about cash flow?

Cash Flow 52

Cash Flow Finance Construction Materials 52