Managing your construction company's finances might be stressful. Between progress billing, task costing, and revenue recognition, it's easy to lose sight of what's happening. However, one way stands out for its capacity to assist contractors accurately portray their financial performance: the percentage of completion  approach. In this article, we'll go over what the percent of completion method is, how it works, the benefits and hazards, and why it's important for contracto

Running a construction business comes with its unique challenges, especially when it comes to managing finances. Are you finding it hard...

Managing invoicing is an important yet time-consuming aspect of running a construction company. With so many transactions, vendor...

Managing money in the construction sector can be like walking a tightrope. Keeping projects on budget is no easy task, given variable...

Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Effective...

Accurate and trustworthy accounting is a must for anyone in charge of managing the finances of a construction company. One popular method...

Running a construction business is hard, especially when it comes to tracking your financial health. The construction income statement...

Accurate construction accounting is critical for any contractor looking to manage their finances efficiently and grow their business....

In the competitive world of construction, managing the Cost of Goods Sold (COGS)  is critical for maintaining profitability. Reducing...

Accurate construction job costing is vital for businesses to track the profitability of individual projects and make smart financial...

Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.

Effective cost management is crucial in the construction industry, where projects often involve significant labor, materials, and...