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How to Avoid Payroll Errors in Construction Projects
Managing payroll in the construction sector is much more than just writing checks. It necessitates adherence to complex rules, careful...
1 day ago5 min read
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Step-by-Step Guide to Setting Up Progress Billing in QuickBooks
Progress billing is a vital tool for construction contractors and service providers who manage long-term projects with multiple phases or...
3 days ago5 min read
8


The Impact of Negative Liability on Your Construction Company's Books
In construction accounting, every figure tells a story. When a contractor sees a negative liability on their balance sheet, it's a signal...
6 days ago4 min read
3


The Role of Financial Statements in Bonding and Loan Applications
In the construction industry, trust and reliability aren't just built on project performance—they're also measured by your numbers....
May 155 min read
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Progress Billing Explained: How Contractors Get Paid on Long-Term Jobs
Cash flow is very important in the building business. But when jobs take weeks or months, freelancers rarely get paid in full up front or...
May 144 min read
16


Accrual vs. Cash Accounting for Contractors: Key Differences Explained
Paying close attention to details, making plans, and following rules that make sure finances are correct are all parts of accounting in...
May 124 min read
7


How Seasonal Trends Affect AR Turnover in Construction Companies
In the construction industry, getting paid on time is just as critical as executing the job properly. But what happens when the seasons...
May 74 min read
4


Understanding Owner’s Equity in a Contractor’s Balance Sheet
As a contractor, your balance sheet is more than simply a requirement for lenders and tax authorities; it's a critical tool for assessing...
May 64 min read
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5 Signs Your Chart of Accounts Is Hurting Your Job Cost Accuracy
Maintaining correct financial records is crucial in the construction sector for project performance and overall profitability. The Chart...
Apr 295 min read
3


Monthly AR Review Checklist for Construction Finance Teams
Managing accounts receivable (AR) in construction is more than just chasing payments; it's also about safeguarding your cash flow,...
Apr 284 min read
4


Invoice Payment Terms Explained: What Works Best for Construction
Your invoice payment terms have a direct effect on your cash flow, which is important for any building business. You can understand and...
Apr 254 min read
16


Creating AIA Invoices: What Contractors Need to Know
As construction projects get more complicated and documentation requirements increase, contractors must comprehend the complexities of...
Apr 245 min read
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