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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...
2 days ago4 min read
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Optimizing Accounts Payable in Construction: Tips for Timely Payments and Discounts
In the fast paced construction industry, managing Accounts Payable (AP) efficiently is crucial for maintaining strong supplier...
Oct 25 min read
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Why Cash Flow Analysis Is the Backbone of a Healthy Business
As a construction business owner, you’ve likely faced questions like, “Why does it feel like I’m always running out of cash despite...
Jan 214 min read
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4 Common Financial Issues That Can Impact Bonding for Construction
Securing construction bonding  is a crucial step for contractors, especially in public works projects. But several financial issues can...
Sep 21, 20245 min read
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8 Proven Strategies to Minimize Late Payments in Construction Projects
Ensuring timely payments in construction projects can be challenging. Late payments can hurt cash flow, slow down project progress, and...
Aug 12, 20244 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 High DSO Impacts Your Entire Construction Business
Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...
Apr 15, 20244 min read
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4 Critical Construction Cash Flow Mistakes and How to Fix
In the busy construction sector, ensuring a steady cash flow is crucial for the project's vitality. Cash flow management can be...
Feb 28, 20243 min read
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Essential Strategies for Construction Business Owner during Tax Season
Tax season can be a challenging time for construction business owners, but with the right strategies and careful planning, it can become...
Jan 4, 20244 min read
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Understand Cash Flow Statement and Find Your Way Through Construction Finances
Are you wondering how much cash flows in and out of your construction business? The cash flow statement is your essential financial tool...
Jun 14, 20234 min read
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Cash Flow Woes? How the Accounts Receivable Aging Report Helps Contractors Get Paid on Time
Any business must managing and operating cash flow , but construction contractors must do so even more. With the often-lagging payment...
May 22, 20235 min read
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20 Proven Strategies to Improve Cash Flow in the Construction Industry
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
Feb 18, 20224 min read
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