Bonding companies are requiring that year-end financial statements are properly prepared within three or four months of your fiscal year end. Some are also requiring that you provide them with some kind of interim balance sheet and income statement on the percentage of completion basis. Many, many good contractors cannot do that. The hardening marketplace is leaving these contractors with fewer choices. Maybe we can help make this easier for you. We know good construction-oriented CPA’s. We know of several construction accounting packages which Florida contractors use. We also may help you understand the process of percentage of completion. Don’t feel bad. It’s all just simple addition, subtraction, and multiplication. It’s not a hidden, magical secret, but a simple tool that is useful for your business, and great for your bonding.
This is a Time When Good Numbers Count
By Cheryl Foley| 2013-10-31T14:34:33+00:00 October 31st, 2013|Surety Blog|Comments Off on This is a Time When Good Numbers Count