#cash-flow

Cash Flow

Track and optimize cash flow for better financial health and stability

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May 23, 202620 min read

Roofing Contractor Bookkeeping for Storm Restoration: ACV, RCV, Mortgage-Endorsed Checks, Supplements, and Warranty Reserves

A working guide to bookkeeping for storm-restoration roofers — splitting insurance and retail revenue, tracking ACV and recoverable-depreciation receivables, modeling mortgage-endorsement float, booking supplements as scope adjustments rather than new sales, accruing 1–3 percent workmanship warranty reserves, and applying Section 179 to trucks, dumpsters, and tear-off equipment.

Mike Thrift

constructionjob-costingbookkeeping

May 22, 202612 min read

AIA-Style Progress Billing With Forms G702 and G703: A Contractor's Guide to Schedule of Values, Retainage, Change Orders, and ASC 606

How AIA Forms G702 and G703 work together, how to build a defensible schedule of values, handle retainage and change orders on the continuation sheet, and reconcile progress billings to ASC 606 revenue recognition for U.S. general contractors.

Mike Thrift

constructionjob-costingrevenue-recognition

May 22, 202615 min read

Tree Service Bookkeeping: Cost-Per-Hour, Workers' Comp Class 0106, Section 179, and Seasonal Cash Flow

How tree care companies should structure their books — separating workers' comp class 0106 payroll, allocating bucket truck and chipper hours per job, reserving for e-mod surges, and pricing crews off a true burdened cost-per-hour rate.

Mike Thrift

bookkeepingjob-costingtrades

May 22, 202613 min read

Tribal Gaming and Casino Accounting Under NIGC MICS: Win, Drop, Hold, and the Internal Controls That Keep a Sovereign Casino Auditable

How tribal casinos account for win, drop, and hold under NIGC Minimum Internal Control Standards — covering Class II and Class III chart-of-accounts design, cage and vault key control, Title 31 Form 8362 CTR filing, IGRA per-capita withholding under IRC Section 3402(r), and the annual Agreed-Upon Procedures engagement that ties surveillance to the ledger.

Mike Thrift

accountinginternal-controlscompliance

May 18, 202610 min read

Why Profitable Businesses Run Out of Cash: The Cash Conversion Cycle, Explained

A worked guide to the cash conversion cycle and the three working-capital levers — DIO, DSO, and DPO — with industry benchmarks, the Amazon and Dell negative-CCC playbook, and the bookkeeping foundation small businesses need to shorten the gap.

Mike Thrift

cash-flowworking-capitalsmall-business

May 18, 202611 min read

The Cash Conversion Cycle: How Small Businesses Free Cash Trapped in Operations

A practical walkthrough of the cash conversion cycle (DIO + DSO − DPO) for small businesses — how to calculate each component, what counts as a healthy CCC by industry, and the order to pull the three levers that free trapped working capital without breaking supplier or customer relationships.

Mike Thrift

working-capitalcash-flowsmall-business

May 18, 202613 min read

Staffing Agency Accounting: Bill Rate, Burden, and the Payroll-to-Payment Gap

How staffing agencies should price bill rates above fully burdened pay rates, read gross margin by placement type, and book invoice factoring without hiding the spread. Includes burden components (FICA, FUTA, SUTA, workers' comp), a placement-aware chart of accounts, and the DSO math behind payroll funding gaps.

Mike Thrift

bookkeepingsmall-businesspayroll

May 17, 202610 min read

Bookkeeping for Food Truck Owners: Cash Sales, COGS, and Sales Tax

A step-by-step bookkeeping system for food trucks — separating business money, building a truck-specific chart of accounts, running a daily cash close, tracking food cost at 25–30% of revenue, and treating collected sales tax as a liability rather than income.

Mike Thrift

bookkeepingsmall-businesscost-of-goods-sold

May 17, 20269 min read

Bookkeeping for Landscaping & Lawn Care: Job Costing, Seasonal Cash Flow, and Crew Labor

Landscaping books need four things a generic ledger lacks — job costing, seasonal cash flow forecasting, burdened crew labor, and a service-line chart of accounts. This guide shows how to set up each so your numbers reveal which work earns margin and how much cash bridges the off-season.

Mike Thrift

bookkeepingseasonal-businesscash-flow

May 17, 20269 min read

Building a Three-Statement Financial Model: Linking Income, Balance Sheet, and Cash Flow

A three-statement financial model links the income statement, balance sheet, and cash flow statement so one set of assumptions flows through all three — answering whether a business is profitable and when it runs out of cash. This guide covers the seven-step build order, the three links that make the model balance, and the errors that quietly break it.

Mike Thrift

financial-statementsincome-statementforecasting

May 17, 202610 min read

How to Read a Construction WIP Schedule: Percentage-of-Completion, Over- and Under-Billing

A construction WIP schedule recognizes revenue as work is performed using cost-to-cost percentage-of-completion, then exposes over- and under-billing on every job — the report banks and surety underwriters read before the income statement.

Mike Thrift

constructionjob-costingrevenue-recognition

May 17, 202610 min read

ASC 205-40 Going Concern: Documenting Substantial Doubt, Mitigating Plans, and Audit Opinions

A step-by-step guide to ASC 205-40 — how management evaluates substantial doubt about going concern within one year of issuance, which mitigating plans qualify, what to disclose under each of the three outcomes, and how to coordinate with auditors under AU-C 570 and PCAOB AS 2415 to land an unmodified opinion.

Mike Thrift

financial-reportingfinancial-statementsaudit

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