Underbillings Bad. Overbillings Better: The Cash Flow Truth Construction Owners Can't Ignore

Kathe Barrington is a CPA specializing in construction. Before finding her true passion in cost accounting and then the construction industry, Kathe worked in different industries, including software, hardware, real estate, retail, and non-profits. Working directly with owners, banks, bonding agents, and CPA firms, Kathe helps bringing the entire team together so that they can make the best management decisions for the organization's sustainability and future growth. Some of the services she provides include budgeting, forecasting, cost segregation, basic bookkeeping, and software implementations.

Key Takeaways

- Understanding over-billings and under-billings.

- Why under-billing is always a warning sign.

- The impact of billing patterns on bonding and banking relationships.

- Owner responsibility and accountability.

- Over-billing and customer relationships.

- Treating over-billed cash with discipline and clarity.

Connect with Kathe Barrington

LinkedIn - linkedin.com/in/kathe-barrington-a6346337/

Website - kbcpa.biz/

FaceBook - web.facebook.com/people/Kathe-Barrington-CPA/100072271041746/

Previous episodes with with Kathe Barrington

WIP Reports Made Simple: The Key to Stopping Hidden Job Losses

How to Use Your WIP to Protect Cash and Grow Profitability

Physical Progress vs. Financial Reporting in Construction Projects