Cash Flow Archives - Page 2 of 2

Why Effective Cash Flow Management is Crucial for Subcontractors 0

By Tom Bailey, Principal, Councilor, Buchanan & Mitchell, P.C. – CPAs & Business Advisors A good way to think about cash flow is to see it as your business’ wallet. Cash flow reports are crucial tools for business owners and managers to help them understand where their business’ money is coming and going, and when.

The Role of Cash Flow in Your Decision-Making 0

By Patrick Hogan, CEO, Handle.com Whether you are a small-time contractor or a large construction business owner, there is one thing that holds true: Cash is king. It is not an exaggeration to say that cash is the lifeblood of any business, and this is even more apparent for construction projects. Having a lot of

CONTRACTOR COMMUNITY 0

May 2018 ASA General Counsel Kegler, Brown, Hill and Ritter Revises FASA’s Retainage Laws in the 50 States Before you bid or negotiate your next contract, be sure to know the laws regarding retainage where the project is located. The Foundation of ASA’s Retainage Laws in the 50 States 2018 summarizes retainage laws in the

Long Live the King! Why Your Company Needs Cash-Flow Reporting 0
- Cash Management
- July 7, 2017
by Steve Antill, Foundation Software Why do we say cash is king? It’s one of the most powerful assets in your company, because it sets the reality for your business every day of your project cycle—not just at year-end when your financials tie out. That’s why it’s always critical for subcontractors to go beyond high-level
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Improving Your Cash Flow: The Art of Billings & Collections 0
- Cash Management
- July 7, 2017
by Stephane McShane, Maxim Consulting Group Contractors take on tremendous risk when they perform work. However, more contractors go out of business due to poor cash flow than for lack of profitability. Why? Is there as much emphasis on billing and collections as there is on daily construction operations? While management executives typically have a
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How Your Client’s Creditworthiness and Ability to Pay Can Impact Your Bottom Line 0
- Cash Management
- July 7, 2017
by Scott Applegate, CapitalPlus Equity Have you ever considered how the creditworthiness of your customers can impact your bottom line? How about how their cash flow can impact your bottom line? When you consider that according to a survey by RocketLawer, 43 percent of small businesses have customers who are more than 90 days late
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