PABS
Cash Flow or Profit – what you want the most I worked with many contractors and subcontractors and have seen them struggling for cash despite positive profits on the balance sheet, that’s true. Profit is good but when you gradually shift your focus toward cash in the bank, you are surprised to see that cash […]
Being a construction company owner, you are involved in multiple projects with significant investments and tons of moving parts. Due to tight schedules, construction accounting and payment process are a mess. That’s why you often become the victim of expense padding, falsifying change orders, bid rigging, material theft, improper revenue recognition, invoice manipulation, and collusion […]
Being a construction company owner, you would be aware of the five most popular accounting methods – job order costing, activity-based costing, production order costing, functional depreciation, and the completed contract method. Which one is right for you? Of course, the optimal construction accounting method varies depending on the unique needs and circumstances of your […]
410 companies within the construction sector became insolvent. Infact, the construction industry ranked 2nd, contributing 16% of US business insolvencies. Amidst overgrowing project backlogs, slow-paced collections, and retainage requirements, you constantly struggle to manage debts. Along with poor financial management, another reason for this alarming trend is that you mostly purchase construction materials in bulk […]
Did you know? There are over 3,787,470 construction businesses in the US – Source Running a construction company with multiple concurrent projects is a formidable endeavor, demanding exceptional organizational prowess. You may easily recall being swamped in steering projects toward success by embodying effective leadership and implementing strategic measures. In my career, I have seen […]
