What is Key When Managing Cash Flow for Small Business on a Project and Account for Various Costs and Expenses?
Cash flow is not hard to manage once you are aware of what information you need to track. First and foremost, you need to know what the costs are. Make a list of everything needed for your project. This will include expenses such as materials, travel, labor, tools, etc. Managing cash flow for small business […]
What Is Retainage in Construction?
Been pondering the question “What is retainage in construction?” without an answer? Read on. What is retainage? Retainage is a common word all subcontractors and construction-related businesses need to be aware of AND account for in their cash flow statements. The meaning comes from the words root, retain, or to hold. With contracted work, it […]