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Home » Topic » Business » Finance

New Lease Accounting Standard: Deferred But Not Forgotten

by Robert Mercado, Michelle Johnson | Apr 30, 2021
Accounting | Business | Business Development | Finance | Taxes

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

by Ed Williams | Apr 28, 2021
Accounting | Business | Business Development | Contracts | Finance | Legal and Regulatory | Project Delivery | Project Management

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

by Stephen King | Apr 24, 2021
Accounting | Business | Business Development | Economy | Finance

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

by Lori J. Drake | Apr 21, 2021
Accounting | Business | Business Development | Finance | Risk | Risk Management

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

by Jeffrey Desrosier | Apr 13, 2021
Business | Business Risk | Finance | Risk | Risk Management | Surety Bonding

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

by James Wiedemann, Robert Mercado | Mar 31, 2021
Accounting | Business | Finance

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

by Stephen King | Mar 27, 2021
Accounting | Business | Business Development | Economy | Finance

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

by Sonia Desai, Sean Muller | Mar 24, 2021
Accounting | Business | Finance | Taxes

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.
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