In the world of business, there was a concept that was essential for every company's financial health: accounts receivable . It refers to...

Do you feel like a hamster on a wheel, always chasing payments and worrying about cash flow ? Are you frustrated by inaccurate invoicing,...

Do you ever feel like managing finances for your construction business is like trying to solve a Rubik's cube blindfolded? And when you...

Here's a comparison table that highlights some key differences between accounts payable and receivable

Meet John, a construction business owner who has been in the industry for over a decade. John takes pride in delivering quality projects...

As a construction owner, knowing if accounts receivable are an asset or a liability can make a huge difference. It is the difference...

Are you tired of chasing down payments and dealing with the headache of late or non-payments in your construction business? You are not alone. It is a common issue that many business owners face, and it can significantly impact your cash flow, not to mention your stress levels. In this comprehensive guide, we'll explore the most common reasons why customers in the construction industry refuse to pay . More importantly, we'll show you how to get paid on time with proven strate

Accounts receivable are valued and reported on the balance sheet. But what is a balance sheet anyway? A balance sheet is a financial stateme

Every construction business owner knows cash flow is the key to profitability. Cash on hand is needed for contractors to keep their projects running, pay subcontractors on time, and seize new opportunities when they arise. But poor management of accounts receivable (AR) can lead to late payments, bad debts, and unhappy customers. Even worse, inconsistent AR processes can put your business at risk of cash flow gaps that threaten project completion and company survival. CCA un

As a contractor, your focus must extend beyond the job site to securing your financial foundation. While managing crews and projects is essential, mastering Accounts Payable (AP)  is the unsung hero of cash flow and profitability. For a construction firm, AP is not a simple liability; it's the core system for tracking Cost of Goods Sold  and managing legal compliance. Failing to properly manage this area from correctly allocating costs to handling complex lien waivers and ret