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16 minutes ago3 min read
Maximizing Savings with Automated Invoice Processing Solutions
Managing invoicing is an important yet time-consuming aspect of running a construction company. With so many transactions, vendor...
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22 hours ago3 min read
Construction Expense Tracking: Best Practices for Staying on Budget
Managing money in the construction sector can be like walking a tightrope. Keeping projects on budget is no easy task, given variable...
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1 day ago4 min read
Top Strategies for Efficient Construction Inventory Control
Efficient construction inventory control is an essential component of successful project management. Materials mismanagement can result...
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2 days ago3 min read
5 Common Mistakes in Accounts Receivable Aging Reports and How to Fix
As a construction business owner, managing cash flow is critical to your success. One of the most overlooked tools in financial...
2
2 days ago3 min read
Construction Payroll Demystified: Key Challenges and Solutions
Managing construction payroll can seem like a full-time job on its own. Tracking time, complying with rules, and assuring correct job...
2
3 days ago4 min read
The Complete Guide to Sage 100 Contractor: Tools for Construction Success
Running a construction business is no small feat. From managing projects to ensuring accurate accounting, every detail matters. That’s...
10
3 days ago4 min read
Top 5 Accounting Software Benefits for Modern Construction Firms
Managing finances in the construction industry is no small feat. With multiple projects, varying costs, and tight deadlines, staying on...
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5 days ago3 min read
How to Prevent Negative Liability on Your Construction Balance Sheet
Negative liability is one of the most misunderstood terms in construction accounting, but it can have serious repercussions on your...
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6 days ago5 min read
Progress Invoicing in Construction: What Is It and How It Works
Managing your cash flow is a very important part of running a successful building business. People who work as contractors often use...
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6 days ago3 min read
Accounts Payable Workflow for Construction Bookkeepers: How to Stay Organized
Construction bookkeeping is more than simply numbers; it is about ensuring that every dollar spent benefits the project's success....
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Jan 83 min read
The Role of Progress Billing in Long-Term Construction Contracts
It can be hard to keep track of money in the building business, especially for long-term projects. If contractors don't get paid on time...
4
Jan 73 min read
Accounts Payable Reconciliation: A Step-by-Step Guide
Contractors and construction firm owners must efficiently manage their accounts payable. Whether you're handling vendor bills, tracking...
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Jan 74 min read
How to Revise Construction Estimates Mid-Project Without Losing Profit
Unexpected problems can throw even the best-laid budgets off track in the fast-paced building business. It's common for building...
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Jan 64 min read
What Contractors Need to Know About Bid Bonds: A Complete Guide
When it comes to construction projects, understanding bid bonds is essential for contractors looking to win bids and secure contracts....
42
Jan 63 min read
5 Common Accounts Receivable Mistakes Contractors Should Avoid
Managing accounts receivable (AR) effectively is critical for contractors aiming to maintain steady cash flow and avoid financial...
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Jan 34 min read
Understanding Past Due Invoices: Tips for Contractors to Stay on Track
As a contractor, it can be hard to keep track of bills that are past due . Late payments hurt your cash flow, complicate contractor...
6
Dec 315 min read
Best Practices for Tracking Cost of Goods Sold in Construction Projects
For construction projects to stay profitable and have good financial management, it's important to keep track of the cost of goods sold...
19
Dec 30, 20244 min read
Understanding Construction Bond Costs: A Complete Breakdown for Contractors
As a contractor, it can be hard to figure out how much a construction bond costs . Understanding how these costs work is important for...
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