The key components of a good construction financial statement

Contractor Success Forum

Your financial statements not only communicate the health of your company to your bonding agent, but they also give you a clear understanding of where you stand. This week, find out the basics of what should be included in those financial statements.
Topics we cover in this episode include:

• The key components of a good construction financial statement
• Levels of financial statements
• What your bonding agent looks for in your financial statements
• Supplementary Reports
• Cash flow statement
• Five minute bond underwriting
• Notes in the financial statement

LINKS
Visit the episode page at https://carpenterCPAs.com/statements for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Chapters

1. The key components of a good construction financial statement (00:00:00)

2. The key components of a good construction financial statement (00:01:19)

3. Levels of financial statements (00:03:20)

4. What your bonding agent looks for in your financial statements (00:08:32)

5. Supplementary Reports (00:10:03)

6. Current assets and liabilities (00:12:58)

7. Cash flow statements (00:15:03)

8. Five minute bond underwriting (00:16:49)

9. Incomplete contract schedule (00:17:36)

10. Notes in the financial statement (00:19:44)