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How Days Sales Outstanding (DSO) Drives Cash Flow in Construction Projects
Days Sales Outstanding (DSO) Â is a crucial financial metric measuring the average number of days it takes a construction company to...
Oct 74 min read
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Accounts Receivable Best Practices for Contractors
In the construction industry, managing accounts receivable (AR) effectively is crucial for maintaining healthy cash flow and ensuring...
Jul 237 min read
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AP vs. AR Reconciliation: What It Is and How to Do It Right
When it comes to managing your construction company's finances, AP vs AR reconciliation is one of the most crucial activities you can...
Apr 185 min read
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5 Common Mistakes in Accounts Receivable Aging Reports and How to Fix
As a construction business owner, managing cash flow is critical to your success. One of the most overlooked tools in financial...
Jan 143 min read
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5 Common Accounts Receivable Mistakes Contractors Should Avoid
Managing accounts receivable  (AR) effectively is critical for contractors aiming to maintain steady cash flow and avoid financial...
Jan 63 min read
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Understanding Past Due Invoices: Tips for Contractors to Stay on Track
As a contractor, it can be hard to keep track of bills that are past due . Late payments hurt your cash flow, complicate contractor...
Jan 34 min read
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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...
Aug 5, 20244 min read
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How to Effectively Follow Up on Past Due Invoices in Construction
Managing past due invoices  can be a challenging aspect of running a business. Late payments not only affect cash flow but also strain...
Jun 4, 20249 min read
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How to Handle Accounts Receivable Disputes: A Step-by-Step Guide
Navigating through Accounts Receivable (AR) disputes requires not just patience and professionalism, but also a strategic approach to...
Mar 8, 20244 min read
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9 Key Accounts Receivable KPIs to Manage Construction’s Receivables
Managing cash flow is key to your success as a construction business owner. But do you know what's at its heart? It's all about mastering...
Jun 6, 20233 min read
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Construction Accounting: A Guide to Accounts Receivable Process Steps
The lifeline of your construction business might just be hidden in your accounts receivable (AR). AR is the heartbeat of your cash flow...
May 31, 20234 min read
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What is a Past Due invoice? Guide for Contractors on How to Handle Late Payments
As a construction business owner, you handle multiple responsibilities every day. However, late customer payments can disrupt your smooth...
May 26, 20234 min read
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