Although the new lease standard implementation has been deferred, contractors must review current and future lease agreements to proactively position and prepare the entity’s financials.
Construction Contractors Must Understand Retainage In 2021
Here is a guide to help contractors understand retainage and learn the process to manage it, with bonus facts that can be helpful when dealing with retainage in real-world scenarios.
Strategies for Surviving Recessions: Billing, Collections and Automation
Companies that execute automation, billing and collections in an efficient manner have a better chance of weathering turbulent times, boosting cash flow and improving efficiency.
Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise
Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.
Four Ways Contractors Can Preserve Financial Integrity, Working Capital
There are four common challenges that can negatively affect creditworthiness: liquidity, borrowing for working capital, positive cash flow and the workforce.
Pandemic Relief Programs for Contractors
The federal government has put numerous programs in place to help entities get through these troubling times. It’s important to understand what programs are available to maximize access to funding and support.
Strategies for Surviving Recessions: Pricing
An effective pricing strategy requires precise cost data. Internally facing reports can provide the means to dissect business segments and determine what is working, what isn’t and why.
Actions to Take After Receiving a Paycheck Protection Program Loan
The multiple rounds of PPP reform are intended to offer greater relief to business owners. However, the changes also introduced questions around the tax treatment of PPP loans and their forgiveness under the PPP.











