5 Ways to Prepare Your Financials for Construction Bonding Approval
When applying for a bond for a building project, especially one that involves public works, it is very important to have accurate and...
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- 1 day ago
- 4 min
Double-Entry Bookkeeping System: Pros and Cons for Construction Company
Accurate and trustworthy accounting is a must for anyone in charge of managing the finances of a construction company. One popular method...
7
- 6 days ago
- 5 min
Construction Income Statements: What You Need to Know
Running a construction business is hard, especially when it comes to tracking your financial health. The construction income statement...
13
- Sep 6
- 4 min
6 Key Construction Accounting Methods and How to Apply
Accurate construction accounting is critical for any contractor looking to manage their finances efficiently and grow their business....
9
- Aug 31
- 4 min
The Ultimate Guide to Managing Construction Overhead Expenses
Construction overhead expenses are one of the most important but often forgotten parts of managing money in the construction business....
24
- Aug 28
- 5 min
The Impact of WIP Report on Construction Balance Sheets
A very important part of construction accounting is keeping track of work-in-progress (WIP) , which has a big impact on the bottom line...
44
- Aug 24
- 5 min
Optimize Your Vendor Relationships: Accounts Payable Best Practices
Managing relationships with vendors well is important for any building company that wants to improve its accounts payable processes....
11
- Aug 22
- 5 min
A Guide to Construction Cost Estimates: Types, Methods, and Examples
In the world of construction, accurate construction estimates are crucial for the success of any project. Whether you're a contractor,...
182
- Aug 16
- 5 min
Top 5 Mistakes Contractors Make with Overhead Costs
In the world of construction, managing finances effectively can be the difference between a successful project and one that wastes your...
14
- Aug 12
- 4 min
8 Proven Strategies to Minimize Late Payments in Construction Projects
Ensuring timely payments in construction projects can be challenging. Late payments can hurt cash flow, slow down project progress, and...
18
- Aug 8
- 4 min
How to Choose the Right Invoicing Software For Small Businesses
In the bustling world of construction, managing finances efficiently is crucial for the success of any small firm. Construction invoicing...
16
- Aug 5
- 4 min
Accounts Receivable Turnover Ratio vs. DSO: Key Differences Explained
In the world of bookkeeping and accounting, understanding various financial metrics is crucial for maintaining the financial health of a...
60
- Aug 1
- 5 min
How to Reduce Cost of Goods Sold (COGS) in Construction
In the competitive world of construction, managing the Cost of Goods Sold (COGS) is critical for maintaining profitability. Reducing...
17
- Jul 29
- 4 min
5 Common Mistakes to Avoid When Preparing WIP Reports
In the construction industry, Work in Progress (WIP) reports are critical for tracking project progress and ensuring financial accuracy....
46
- Jul 26
- 4 min
QuickBooks Online Job Costing: Tips to Improve Your Bottom Line
Accurate construction job costing is vital for businesses to track the profitability of individual projects and make smart financial...
67
- Jul 24
- 4 min
Understanding 2 Key Revenue Recognition Methods for Construction
Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.
50
- Jul 20
- 4 min
6 Steps to Setting Up Efficient Construction Cost Codes
Effective cost management is crucial in the construction industry, where projects often involve significant labor, materials, and...
41
- Jul 18
- 4 min
Why Do You Need Construction Payroll Software For Your Business
Managing payroll in the construction industry presents unique challenges due to the complexity of labor costs, varying job sites, and...
18
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