This article deals with Construction Escrow Accounts. A construction escrow account can be viewed similar to a line of credit. A lender loans to you a bulk sum of money, however this money is not disbursed to you all at once. Instead, you must submit periodic requests (such as in monthly intervals) to obtain a
Read MoreIf you are a small business that engages in speculative home building, then you probably also have access to that speculative home’s construction escrow account (from a previously arranged loan agreement). Since the building of a speculative home will be financed by a lender (such as a bank), you, as the home builder, will need
Read MoreMy client, Kimberly, is the owner of a home building business and specifically Kimberly builds both Spec and Custom homes. Kimberly hired AccuraBooks to catch up and clean up the entire bookkeeping system to help close out the previous fiscal year and to catch up the current fiscal year. Kimberly needed all of this bookkeeping
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