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Industry News

Construction Cash Flow Management - How Healthy is Your Cash Flow?

Maintaining a solid cash flow is essential to completing a construction project. Here we’ll talk about how cash flow differs from profitability, and discuss some methods contractors can use to maintain healthy cash flow for construction businesses.

Kristen Frisa

Industry News
How to send a construction invoice that gets you paid

The way you invoice may also impact how quickly you get paid. Quick, easy-to-read, and detailed invoices can make it easier for your clients to reconcile and send payments for your services. Here are some of the key elements you should include in your invoices to get paid faster.

Industry News
How to Get Paid - Level Up Your Construction Billing and Invoicing

Billing, invoicing, and writing out contracts are critical to your business's smooth operation. The better you hone these skills, the more likely you are to get paid correctly and on time, and that means better cash flow to take on the next big job. Let's consider how you might improve your billing and invoicing procedures to keep your business building.

Industry News
What is a demand letter in construction, and how can I write one?

When a contractor enters an agreement to provide building services, it comes with a good faith expectation that expedient payment will follow. Sometimes there are complicating factors that delay payments. When that happens, it can wreak havoc on the businesses involved and their relationships with one another. One of the steps a contractor can take to get paid and salvage those relationships is to send a demand letter.

Industry News
How to find the best online payment platform for your contracting business

The following is a step-by-step guide to choosing the best online payment solution for your construction business so you can start the transition immediately.

Industry News
How you Can Master the Basics of Construction Accounting

Accounting is a critical component of any business' operations, yet its importance is often overlooked. This article will discuss the basics of accounting for construction businesses and what makes construction different from other industries.

Industry News
How to Maximize Security in Construction Payments

Rapid digitization has left some construction companies' operations with increased vulnerability to cyber security threats. However, the answer isn't to shy away from technology but to embrace it while employing the latest protective measures against fraud.

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MazumaGo is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A.; Member FDIC.

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