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Late payments are frustrating, and they can damage your business. They wreak havoc on your cash flow, making it difficult to move forward with new projects, waste time as you chase down the in-arrears invoices, and strain professional relationships.

ACH is often misunderstood, forgotten about, or mixed up with a wire transfer. Yet ACH transfers are quickly becoming the regular standard of payment. Find out what an ACH transfer is and how you can set one up to collect payments from your customers.

Your accounts payable (AP) department does more than just pay the bills. A solid AP process keeps the lights on, and all systems going in your growing contracting company, and it does it by quickly and accurately processing large amounts of data in all kinds of formats.

Maintaining a solid cash flow is essential to completing a construction project. Consistently available funds provide the means for covering project expenses 鈥� without money, a project is doomed. Because of the nature of construction work and the contracts that cover them, cash flow is a consistent problem for many contractors and can lead to stalled projects and ruined business relationships.

Things are winding down for the holiday season, but do you know what hasn鈥檛 slowed? Your bills! Expenses keep rolling in even when your crew isn鈥檛 working, which can lead to some undue stress.

We鈥檙e about to start a whole new year! It鈥檚 a perfect time for evaluating your current processes to establish what鈥檚 working and what you can improve on. If you鈥檙e like many construction companies, your business payments could use some brushing up.