Paramita Bhattacharya
Basics of Surety Bonding for Contractors
Surety bonding is a financial guarantee used in the construction and contracting industries to ensure contractors fulfill their...
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Blog
Paramita Bhattacharya
13 hours ago2 min read
Why Contractors Need To Be Licensed And Bonded
Contractors are often required to be licensed and bonded to comply with regulations, protect clients, and establish trust in their...
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Paramita Bhattacharya
13 hours ago4 min read
Construction Job Costing | Balancing Budget, Prices, and Cash Flow
Job costing is essential to any business’ bottom line, but it’s especially crucial in the construction industry. The ability to...
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Paramita Bhattacharya
14 hours ago5 min read
Front Loading a Schedule of Values | Risks of Gambling with Cash Flow
Cash is king in construction. Being able to effectively maintain cash flow throughout the project is vital to successfully completing a...
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Paramita Bhattacharya
14 hours ago3 min read
Key Ratio's For Contractors and Underwriters
Cash greater than 5% of annual revenue (non-borrowed): Contractors should maintain an available bank line of credit of at 'least 5% of...
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Paramita Bhattacharya
5 days ago3 min read
Why Does Accounting Feel Like a Necessary Evil for Contractors?
Accounting is the backbone of any business, ensuring smooth financial operations and compliance with regulations. However, for...
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Paramita Bhattacharya
Nov 154 min read
Importance Of Surety Bonding For Commercial Contractors
Commercial contractors need surety bonding to build trust with clients, meet regulatory requirements, and manage project risks. Surety...
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Paramita Bhattacharya
Nov 153 min read
Increasing Bond Capacity For Commercial Contractors
Increasing bond capacity is crucial for commercial contractors looking to take on larger projects or more projects concurrently. Bond...
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Paramita Bhattacharya
Nov 153 min read
Streamlining The Estimating Process and Getting The Data Entered In QuickBooks Online
Creating a comprehensive construction estimate that includes materials, subcontractors, and labor is essential for effective project...
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Paramita Bhattacharya
Nov 152 min read
Tech Stack For Contractors To Streamline Their Workflow
Integrating QuickBooks Online with specialized applications can significantly enhance workflow efficiency for small contractors. Here's a...
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Paramita Bhattacharya
Aug 23 min read
How Contractors Can Increase Bond Capacity With Internal Accounting
How to increase bond capacity with strong internal financials
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Paramita Bhattacharya
Jul 192 min read
KPI's and Ratios Sureties Look For
KPI's and Ratios Sureties Look For
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Paramita Bhattacharya
Jun 81 min read
Knowify VS Buildertrend- Project Management Software For Construction Business Owners
Knowify VS Buildertrend choosing between the project management software for contractors and construction business owners
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Paramita Bhattacharya
Jun 82 min read
Accounting Workflow For Contractors
Accounting Workflow For Contractors Using QuickBooks Online Or QuickBooks Enterprise
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Paramita Bhattacharya
Jun 75 min read
Accrual VS Cash Basis Accounting For Contractors
Understanding your financial health is a critical component to any construction business. In construction accounting, there are two...
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Paramita Bhattacharya
Jun 53 min read
Revenue Recognition In Construction Contracts
Construction accounting is truly distinctive, requiring a detailed comprehension of diverse specialized accounting principles and...
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Paramita Bhattacharya
Jun 46 min read
Construction Work In Progress (WIP)
Work In Progress In Construction
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Paramita Bhattacharya
Jun 42 min read
Bookkeeping For Construction Businesses
Construction Bookkeeping
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Paramita Bhattacharya
Jun 42 min read
Importance Of Purchase Order In Construction
What is a Construction Purchase Order (PO)? A construction purchase order (PO) is a legally binding document sent to a materials vendor...
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