Working Capital: It’s Not Just Math
For a user of a contractor’s financial statement, such as a surety and a professional surety agent, working capital is a great indicator of a contractor’s immediate financial prowess.
Cash Is Still King: The Importance of Projecting Cash Flow
Implementing these financial practices can mitigate potential cash flow setbacks on a project, while increasing profitability and longevity.
The Importance of Data Analytics in Finance
With improved financial management through analytics, construction companies will be positioned to survive the economic downturn and seize opportunities for expansion.
PPP Loan Forgiveness: What Is Known So Far
Here’s what contractors should to know about the Paycheck Protection Program loans and forgiveness.
Understanding the Impacts of Implementing Topic 606
Understanding the ramifications of Topic 606 and the differences between the varying financial reporting and tax rules is imperative.
Why Contractors Should Consider Selling Their Business Despite COVID-19
Even in less-than-ideal cases, businesses can emerge from an M&A transaction content with the hand they were dealt and with a positive outlook for their future.
The Impact of COVID-19 on the Lease Accounting Standard
COVID-19 is impacting leases in a variety of ways. Thankfully, FASB granted a one-year delay for applying ASC Topic 842, Leases.
How Construction Contractors Can Increase Profits
Many factors go into how much a company profits. Contractors can increase profits by avoiding common mistakes and analyzing data available to them. Here are a few changes construction companies can make to increase profits and improve their financial status.
