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13 hours ago4 min read
Why Cash Flow Analysis Is the Backbone of a Healthy Business
As a construction business owner, you’ve likely faced questions like, “Why does it feel like I’m always running out of cash despite...
3
Sep 21, 20245 min read
4 Common Financial Issues That Can Impact Bonding for Construction
Securing construction bonding  is a crucial step for contractors, especially in public works projects. But several financial issues can...
63
Aug 12, 20244 min read
8 Proven Strategies to Minimize Late Payments in Construction Projects
Ensuring timely payments in construction projects can be challenging. Late payments can hurt cash flow, slow down project progress, and...
71
Aug 5, 20244 min read
Accounts Receivable Turnover Ratio vs. DSO: Key Differences Explained
In the world of bookkeeping and accounting, understanding various financial metrics is crucial for maintaining the financial health of a...
359
Apr 15, 20244 min read
How High DSO Impacts Your Entire Construction Business
Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...
89
Feb 28, 20243 min read
4 Critical Construction Cash Flow Mistakes and How to Fix
In the busy construction sector, ensuring a steady cash flow is crucial for the project's vitality. Cash flow management can be...
87
Jan 4, 20244 min read
Essential Strategies for Construction Business Owner during Tax Season
Tax season can be a challenging time for construction business owners, but with the right strategies and careful planning, it can become...
109
Jun 14, 20234 min read
Understand Cash Flow Statement and Find Your Way Through Construction Finances
Are you curious about where your money goes in your construction business? Look no further than the cash flow statement. In this engaging...
232
May 22, 20235 min read
Cash Flow Woes? How the Accounts Receivable Aging Report Helps Contractors Get Paid on Time
Any business must managing and operating cash flow , but construction contractors must do so even more. With the often-lagging payment...
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Feb 18, 20224 min read
20 Proven Strategies to Improve Cash Flow in the Construction Industry
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
134
Aug 23, 20204 min read
7 Common Cash Flow Problems and How to Manage Them
If you're in the construction industry, the importance of efficiently managing cash flow is likely a familiar topic. After all,...
108
Aug 18, 20205 min read
What is Cash Flow and Why is Cash Flow Important?
Managing cash flow has never been an easy job. For construction businesses, it’s even worse. It’s crucial that mid-size and small construct
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