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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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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....
Sep 6, 20247 min read
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How to Reduce Cost of Goods Sold (COGS) in Construction
In the competitive world of construction, managing the Cost of Goods Sold (COGS) Â is critical for maintaining profitability. Reducing...
Aug 1, 20245 min read
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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...
Jul 26, 20244 min read
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Understanding 2 Key Revenue Recognition Methods for Construction
Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.
Jul 24, 20244 min read
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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...
Jul 20, 20248 min read
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Why Do You Need Construction Payroll Software For Your Business
Managing payroll in the construction industry presents unique challenges due to the complexity of labor costs, varying job sites, and...
Jul 18, 20244 min read
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How to Track Invoices in Construction: Step-by-Step Guide
In the construction industry, managing invoices efficiently is crucial for maintaining financial health and ensuring project success....
Jul 10, 20245 min read
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5 Key Benefits of Using Contractor Invoicing Software
As a contractor, managing your finances efficiently is crucial for the success of your business. One tool that can significantly...
Jul 3, 20244 min read
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Best Practices for a Construction Balance Sheet: A Beginner's Guide
Understanding the best practices for preparing a construction balance sheet  is essential for contractors who want to maintain a clear...
Jun 25, 20244 min read
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