Construction Accounting: A Guide to Accounts Receivable Process Steps
The lifeline of your construction business might just be hidden in your accounts receivable (AR). AR is the heartbeat of your cash...
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- Sep 19, 2022
- 2 min
Construction Accounting: What Is Overbilling?
Updated: Sep 20th, 2022 Overbilling and underbilling appear to be common construction accounting terms. However, not all contractors...
287
- Jun 13, 2022
- 3 min
What Is A Cash Receipt? How to Manage and Record a Cash Receipts Journal?
If you’re a small business owner, you’re likely to receive cash payments from your customers for delivering products or services. And if...
62
- May 12, 2022
- 5 min
Best Construction Accounting Software for 2023
Construction software helps companies automate critical processes such as takeoff, estimating, project management, and accounting, and...
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- Apr 6, 2022
- 3 min
4 Tips for Effectively Managing Accounts Receivable in Construction
The construction industry is notorious for payment delays and nonpayments. The difference between a successful construction business and...
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- Mar 30, 2022
- 3 min
Construction Accounting: Cash Vs Accrual Accounting
Cash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses
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- Mar 24, 2022
- 2 min
Construction Overhead Costs: Key Difference Between Direct and Indirect
Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...
266
- Mar 22, 2022
- 2 min
Working Capital Construction: What Is It and Why It Becomes a Key Benchmark
Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
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- Mar 18, 2022
- 3 min
Indirect Cost In Construction: What It Is and How to Streamline
Have you ever wondered why profit margins consistently deteriorate at the end of your construction projects? The key problem is whether...
256
- Mar 14, 2022
- 3 min
4 Ways to Improve Construction Accounts Payable Process
As a contractor, we understand you may show no interest in accounts payable and overpaying bills is often the last thing a business owner...
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- Mar 11, 2022
- 4 min
4 Keys to Improve Construction Profit Margin
It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke that why most...
28
- Mar 1, 2022
- 2 min
Job Costing vs Process Costing: 10 Key Differences
Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...
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