If you own a construction business, you're probably familiar with the term "overhead cost". But what do general overhead costs mean in...

Are you wondering how much cash flows in and out of your construction business? The cash flow statement is your essential financial tool...

Every successful business owner knows how important it is to keep an eye on their business's finances . One indispensable tool for this purpose is the balance sheet. However, if you own a construction company, you might find the term "construction balance sheet" a little intimidating. Let's demystify it! According to industry research, poor financial management is a leading cause of construction business failures, with over 50% of contractors citing cash flow issues as their

If you run a construction business - whether you're a general contractor juggling multiple projects or a subcontractor trying to keep cash flowing between pay apps, you've probably asked yourself: how much access should I actually give my bookkeeper? It's one of the most common questions we hear from construction owners, and for good reason. You need your bookkeeper to do their job efficiently, but you also can't afford to leave your accounts exposed to risk. The short answer

Managing finances in the world of construction cost accounting is a bit like constructing a building. Even minor mistakes might lead to...

Understanding construction accounting can seem tough. Don't fret, though; we are here to assist you. We have put together a...

The lifeline of your construction business might just be hidden in your accounts receivable (AR). AR is the heartbeat of your cash flow...

Do you run a construction business and find yourself spending hours on financial management? Consider what if you could spend that time focusing on what you do best constructing ? This is where the magic of outsourcing bookkeeping comes into play. Let's delve into how this strategic move can save you time and money. In-House Bookkeeper vs. Outsourced Bookkeeper A Focus on Cost and Time ​ In-house Bookkeeper Outsourced Bookkeeper Cost (Annually) $42,000 - $46,000 ( Excludes as

Construction is a busy world. Handling money in it can feel like being lost in a maze. You need to track changing costs and many...

In the construction world, speed matters. So does precision. These factors greatly influence your profit. It can take a lot of work to...

The construction business is notorious for cost overruns. However, it's still a hot market with lots of possibilities, according to a...

Construction projects are famously complex, which makes accurate tracking incredibly difficult. One of the best ways contractors manage...