Mike Bohinc has taught principles of small business accounting to a lot of contractors.
Previously, we addressed a question posed by a number of contractors on message boards regarding the difference between profits and cash. Specifically, “my income statement shows $50,000 but I don’t have $50,000 in my bank account. Where did the money go?” I introduced you to the Statement of Cash Flows, the financial statement that answers this question. As promised, in this installment of the series we’ll look at some ways that cash flow can be improved. Collect ...
Register For Free or Sign In to Access Entire Article
"Online Exclusive: Accounting Basics for Small Contractors β Improving Cash Flow" is FREE to access as a registered user on Contractormag.com. Why register for Contractormag.com? It's simple and free, and provides:
- Access to exclusive articles and news coverage
- The full version of all monthly digital editions dating back to 2010
- Allows you to comment on articles and discuss news with Contractor's editors
- Gain valuable media content and more!