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Understanding Business Finances for Contractors

Financial management is a heavily tested domain and the difference between a profitable and a failing business.

By California Exam Academy Editorial TeamUpdated July 22, 20267 min read

Read your financial statements

Understand the balance sheet, income statement, and cash flow statement, and what each tells you about your business.

Master job costing

Assign labor, materials, equipment, and overhead to each job so you know true profitability and can bid accurately.

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