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Construction invoices vs. receipts: Do you know the difference? Read our latest blog to learn everything you need to know about invoices and receipts, specifically for contractors, as well as a breakdown of the key differences and common misconceptions. Get the top 4 best practices for construction finance teams to manage invoices and receipts. Read more now! #ConstructionFinance #APAutomation #InvoiceManagement #ConstructionTech #hh2 https://hubs.la/Q02FSsPZ0

Managing cash flow in the Construction Industry and how business owners can keep on top of this.

Managing cash flow in the Construction Industry and how business owners can keep on top of this. Find more 👉

Managing cash flow in the Construction Industry and how business owners can keep on top of this. Find more 👉

Did you know the average construction company has to wait 83 days to get paid? 🚧💸 When it comes to payments in the industry, things can get complicated. Paul McMeekin dives deeper into why this is the case and ways to improve efficiency. 🔗 https://ow.ly/Mr2E50QH475. #ConstructionIndustry #ConstructionFinance #ConstructionManagement #APAutomation

Contractors face challenges in managing cash flow thanks in part to the typically long gaps between winning bids, completing projects, and finally getting paid. This article discusses some fundamental ways that construction businesses can master cash flow management. Contact us today, our team can help with these business challenges. https://lnkd.in/gtPaAVq5

Are inaccurate bids costing your construction business? Losing projects due to overbidding? Or worse, winning jobs that end up unprofitable? Struggling to account for all costs and risks in your estimates? Many construction companies find themselves caught between the rock of missed opportunities and the hard place of underpriced projects. Imagine submitting bids with confidence, knowing they're competitive yet profitable. Picture having a clear understanding of your costs, overheads, and profit margins for every project. Envision winning more contracts while ensuring each one contributes positively to your bottom line. LKL Accounting LLC is your partner in mastering the art and science of construction bidding. Our specialized services help you: - Develop accurate cost models that account for direct and indirect expenses - Implement data-driven estimation techniques using historical project data - Create risk assessment frameworks to better price contingencies - Analyze profit margins and breakeven points for different project types - Provide real-time financial insights during the bidding process Don't let estimation errors erode your profits. Let LKL Accounting build a solid foundation for your bidding strategy. Schedule a free bid analysis today and start winning more profitable projects!

Maximize accuracy in construction project accounting with the Percentage of Completion method. #Construction #Accounting

Contractors face challenges in managing cash flow thanks in part to the typically long gaps between winning bids, completing projects, and finally getting paid. This article discusses some fundamental ways that construction businesses can master cash flow management. Contact us today, our team can help with these business challenges. https://lnkd.in/gtPaAVq5

Are inaccurate bids costing your construction business? Losing projects due to overbidding? Or worse, winning jobs that end up unprofitable? Struggling to account for all costs and risks in your estimates? Many construction companies find themselves caught between the rock of missed opportunities and the hard place of underpriced projects. Imagine submitting bids with confidence, knowing they're competitive yet profitable. Picture having a clear understanding of your costs, overheads, and profit margins for every project. Envision winning more contracts while ensuring each one contributes positively to your bottom line. LKL Accounting LLC is your partner in mastering the art and science of construction bidding. Our specialized services help you: - Develop accurate cost models that account for direct and indirect expenses - Implement data-driven estimation techniques using historical project data - Create risk assessment frameworks to better price contingencies - Analyze profit margins and breakeven points for different project types - Provide real-time financial insights during the bidding process Don't let estimation errors erode your profits. Let LKL Accounting build a solid foundation for your bidding strategy. Schedule a free bid analysis today and start winning more profitable projects!