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    Cash Flow Management And How To Track Income

    Posted by Sharie DeHart on Fri, Jan 22, 2021

    A wise business owner once said, "Happiness is positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.

    A cash crisis can be emotionally devastating, and it can even kill your business. If you've ever had to beg, borrow, and steal to cover tomorrow's payroll, you know what I mean.

    Having a proper cash management system allows you to:

    • Know when, where, and how your cash needs will occur.
    • Know what the best sources are for meeting your additional cash needs.
    • Be prepared to meet these needs when they occur by keeping good relationships with bankers and other creditors.

    The starting point for avoiding a cash crisis is allowing your accountant to develop a cash flow projection for you. Your construction accountant can help you develop both short-term (weekly, monthly) cash flow projections, help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.

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    Topics: The Contractors Account, Systems And Processes, Construction Company Cash Flow

    Unique Tips For Managing Cash Flow In Your Contracting Company

    Posted by Randal DeHart on Fri, Aug 29, 2014


    Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company's ability to complete projects! While that might seem counterintuitive, consider this: if you fail to satisfy a customer and lose that customer, you can always work harder to please the next customer. If you do not have enough cash reserves to pay your suppliers, creditors, and make payroll, then your Construction Company is out of business, game over!

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    Topics: Cash Flow, Construction Company Cash Flow

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