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Jan 244 min read
A Beginner's Guide to the Percentage of Completion Method for Contractors
Managing your construction company's finances might be stressful. Between progress billing, task costing, and revenue recognition, it's...
63

Jan 213 min read
Expense Categories 101: Simplify Your Business Accounting Today
Running a construction business comes with its unique challenges, especially when it comes to managing finances. Are you finding it hard...
14

Jan 163 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...
8

Jan 153 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...
14

Nov 28, 20243 min read
Job Costing in Construction: Definition, Examples & How to Calculate
Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Whether...
141

Sep 17, 20244 min read
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...
56


Sep 12, 20246 min read
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...
417


Sep 6, 20244 min read
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....
119

Aug 1, 20245 min read
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...
71

Jul 26, 20244 min read
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...
335


Jul 24, 20244 min read
Understanding 2 Key Revenue Recognition Methods for Construction
Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.
499

Jul 20, 20244 min read
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...
89
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