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Revenue Recognition in Construction: What Contractors Need to Know
Understanding revenue recognition is one of the most important aspects of running a profitable and legally compliant construction...
Mar 276 min read
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The Impact of Delayed Payments on Construction Revenue
Imagine finishing a large project on schedule and within budget, only to have to wait weeks or even months for payment. Delays in...
Mar 244 min read
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Top 5 Accounting Software Features Every Construction Business Needs
Accounting in construction is more than just recording money; it is also about understanding how to minimize costs, remain on budget, and...
Mar 215 min read
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AIA Billing vs. Progress Billing: Which One Works Best?
When it comes to billing in the construction industry, two methods often come up in conversation: AIA Billing and Progress Billing . Both...
Mar 197 min read
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How to Prevent Invoice Disputes in Construction Projects
There are a lot of billing disputes in the building business. They can hold up the project, hurt relationships, and waste time and...
Mar 115 min read
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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...
Jan 244 min read
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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...
Jan 213 min read
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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...
Jan 163 min read
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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...
Jan 153 min read
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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. Effective...
Nov 28, 20247 min read
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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...
Sep 17, 20244 min read
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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...
Sep 12, 20246 min read
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