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Avoiding Errors in Double Entry Accounting: A Contractor’s Checklist
Accurate financial records are not a luxury in construction—they are a necessity. Between managing subcontractors, dealing with change...
Jun 44 min read
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How to Set Up a Double Entry Accounting System for Your Business
Keeping proper financial records is very important for running a construction firm because it helps you understand how much money you're...
Jun 34 min read
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Understanding the Debit and Credit Rules in Double Entry Accounting
Accurate bookkeeping is very important for running a successful business, especially in the construction industry, where many things need...
Jun 24 min read
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Top 5 Construction Payroll Mistakes and How to Fix Them
Payroll in the construction business is a high-stakes area that needs close attention to detail, a good awareness of compliance...
May 295 min read
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Best Practices for Handling Overtime Pay in Construction
In the construction industry, properly managing overtime pay is essential for maintaining legal compliance, controlling labor costs, and...
May 285 min read
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Union vs. Non-Union Payroll in Construction: Key Compliance Differences
Payroll management in the construction business is more than just giving out paychecks. Legal and regulatory rules must be followed at...
May 274 min read
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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...
May 215 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...
May 195 min read
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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...
May 164 min read
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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
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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
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