If you are leading a construction business, deciphering the concept of retainage construction could be a complex task. Even if you're...

Construction businesses differ from other businesses in that they must deal with liquidity issues that other businesses do not face. It...

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

Many construction business owners have a common question. What access should they give to their bookkeeper? It's about finding the right...

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...