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How to Streamline Your Billing Process for Faster Payments
The main reason small construction companies fail is usually cash flow issues. The financial situation of your project may be seriously...
Jun 114 min read
1


5 Ways to Improve Revenue Recognition in Construction Projects
In the fast-paced world of construction, managing revenue recognition can be complex but is critical for maintaining accurate financial...
Jun 75 min read
4


Mastering the Construction Billing Process: A Step-by-Step Guide
The construction billing process is about getting paid accurately and on time, not only about mailing invoices. Working with many...
Jun 54 min read
1


Common Errors That Lead to Negative Liabilities in Contractor Accounts
In construction accounting, accuracy matters. One of the most misunderstood and often overlooked red flags in contractor books is the...
May 145 min read
18


How to Use Financial Reports to Track Project Health in Real-Time
In today's fast-paced construction industry, it takes more than technical know-how and field supervision to oversee multiple jobs at...
May 125 min read
25


Balance Sheet Reconciliation Checklist for Construction Bookkeepers
If you're a construction accountant or contractor attempting to make sense of your company's finances, one thing should be clear: precise...
May 84 min read
17


How to Forecast Construction Revenue for Better Business Planning
For construction companies to stay on top of their finances, plan ahead, and make the best use of their resources, they need to be able...
Mar 204 min read
20


Understanding the 3 Key Financial Statements in Construction Accounting
It's important to have a good idea of your finances when running a construction business. It's not enough to just keep track of your...
Mar 185 min read
21


How to Create Effective Construction Cost Codes for Maximum Profitability
If you’re a construction business owner, you probably know that keeping track of job costs is one of the biggest challenges. Without a...
Mar 175 min read
36


How to Use Financial Statements to Secure Construction Business Loans
Running a construction business requires significant cash flow to cover materials, labor, and equipment costs. However, many contractors...
Mar 133 min read
19


Cost of Goods Sold (COGS) in Construction: What It Is & How to Calculate
In the construction sector, Cost of Goods Sold (COGS) is an important factor in determining your company's profitability. As a...
Mar 54 min read
122


Best Practices for Organizing Your Construction Chart of Accounts
As a contractor or business owner in the construction field, you already know how hard it is to keep track of money. With complicated...
Jan 234 min read
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