ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. Slow Work in Progress Figures Just Don’t Work.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. Slow Work in Progress Figures Just Don’t Work.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Viewpoint Construction Technology

FEBRUARY 12, 2019

A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance.

Cash Flow 130

Cash Flow Software Software Accounting 130

PSMJ Resources

JUNE 10, 2013

As PM, you must manage the process to get the cash into the door as quickly as possible for professional services performed. Work in Progress (WIP). This is a measure of the amount of work in dollars that has been completed, but the firm has not yet invoiced the client.

Cash Flow 40

Cash Flow Management Work in Progress Accounting 40

Construction Business Owner

MARCH 1, 2012

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. Technology for Collaboration & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to delay paying for materials and keep more cash in their pockets. Provide a plan.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Levelset

JUNE 3, 2022

When a loss occurs, it can put a real crunch on a contractor’s cash flow. It also helps contractors manage cash flow during a loss. How project loss insurance works. A contractor applies for a PLI policy and provides financial statements and work in progress reports. Project loss insurance coverage.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Contractor Bookkeeping

JULY 12, 2012

There is only one method that will help manage cash flow and save money on taxes. Work In Progress (WIP) Reporting. For construction bookkeeping you need people trained in construction bookkeeping. Job Deposits - Customer down payments can be input several ways. Job Deposit Tracking. Quarterly Tax Returns.

Remodeling 73

Remodeling Contractors Cash Flow Work in Progress 73

Contractor Bookkeeping

MARCH 25, 2014

After you have obtained your bond, the surety will likely ask you to prepare quarterly schedules of work in progress. These indemnity agreements obligate the owners to protect the surety company from any loss or expense caused by the contractor’s failure to fulfill its bonded obligations on the project.

Cash Flow 52

Cash Flow Accounting Profitability Work in Progress 52

Contractor Bookkeeping

JUNE 18, 2013

Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

JULY 21, 2012

There is only one method that will help manage cash flow and save money on taxes. Work In Progress (WIP) Reporting. The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Job Deposit Tracking. Sales Tax Returns.

Remodeling 51

Remodeling Cash Flow Construction Work in Progress 51

Contractor Bookkeeping

JULY 18, 2012

There is only one method that will help manage cash flow and save money on taxes and we know how to do it and track it for you in QuickBooks. Work In Progress (WIP) Reporting. Inventory Tracking - Can be a nightmare and we have a system for it. Job Deposits - Customer down payments can be input several ways.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Construction Company Failure Root Causes: Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Contractors don’t plan, they recover.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Contractor Bookkeeping

JULY 18, 2012

There is only one method that will help manage cash flow and save money on taxes and we know how to do it and track it for you in QuickBooks. Work In Progress (WIP) Reporting. Inventory Tracking - Can be a nightmare and we have a system for it. Job Deposits - Customer down payments can be input several ways.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Construction Business Owner

APRIL 26, 2012

Or have you done extra work that wasn’t covered by a change order? In addition to monitoring your work in progress, study your estimating and profit histories. Review some of your profitable jobs and some that didn’t work out so well to determine where the jobs didn’t meet budgets and whether expenses were allocated properly.

Change Orders 120

Change Orders Construction Profitability Software 120

Contractor Bookkeeping

JULY 18, 2012

Commercial Tenant Improvement Contractors - Who also do some remodel work, service work as a method of marketing, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking.

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Contractor Bookkeeping

AUGUST 30, 2013

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. Work-In-Progress (W.I.P.). Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Contractor Bookkeeping

JULY 18, 2012

Custom Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48

Contractor Bookkeeping

JULY 18, 2012

Spec Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

JUNE 22, 2012

1 Commercial Banker - Someone to help you manage cash flow and put your cash to work earning interest with sweep accounts and other banking tools. We really appreciate working with C.P.A.'s No matter what we are always there to provide support and guidance and treat them with the respect they deserve. #1

Profitability 48

Profitability Contractors Accounting Banking 48

Contractor Bookkeeping

SEPTEMBER 27, 2013

You Need To Track Job Deposits - Customer down payments can be input many different ways and there is one method that works best and helps you manage cash flow and it can save you money on taxes. Work In Progress (WIP) Reporting. Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Banking 48

Banking Change Orders Accounting Cash Flow 48

Contractor Bookkeeping

OCTOBER 4, 2013

Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

JANUARY 27, 2014

Spec Home Builders - Who also do some remodel work, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. Work In Progress (WIP) Reporting. We know what to do! Job Deposit Tracking. Quarterly Tax Returns. Sales Tax Returns. Payroll Processing.

Contractors 48

Contractors Accounting Banking Profitability 48

Contractor Bookkeeping

SEPTEMBER 1, 2012

Is your #1 Favorite Customer adding or taking away profits and cash flow? Construction accounting holds the answers to the WHO Questions: Who owes you money. Who do you owe money. Who is your Best Customer? Contractors bookkeeping services are a process. Starting where you are: We help “A Little” or “A Lot” depending on your needs.

Accounting 48

Accounting Cash Flow Remodeling Consulting 48