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Why Cash Flow Analysis Is the Backbone of a Healthy Business
As a construction business owner, you’ve likely faced questions like, “Why does it feel like I’m always running out of cash despite...
Jan 214 min read
19


Top 5 Causes of Overbilling in Construction Projects
Overbilling is a common problem in the construction business. It can cause money problems, legal issues, and hurt relationships with...
Jan 174 min read
37


Top Strategies for Efficient Construction Inventory Control
Efficient construction inventory control  is an essential component of successful project management. Materials mismanagement can result...
Jan 154 min read
18


Construction Payroll Demystified: Key Challenges and Solutions
Managing construction payroll  can seem like a full-time job on its own. Tracking time, complying with rules, and assuring correct job...
Jan 143 min read
7


Top 5 Accounting Software Benefits for Modern Construction Firms
Managing finances in the construction industry is no small feat. With multiple projects, varying costs, and tight deadlines, staying on...
Jan 134 min read
11


How to Prevent Negative Liability on Your Construction Balance Sheet
Negative liability  is one of the most misunderstood terms in construction accounting, but it can have serious repercussions on your...
Jan 113 min read
69


Progress Invoicing in Construction: What Is It and How It Works
Managing your cash flow is a very important part of running a successful building business. People who work as contractors often use...
Jan 105 min read
67


The Role of Progress Billing in Long-Term Construction Contracts
It can be hard to keep track of money in the building business, especially for long-term projects. If contractors don't get paid on time...
Jan 83 min read
84


How to Revise Construction Estimates Mid-Project Without Losing Profit
Unexpected problems can throw even the best-laid budgets off track in the fast-paced building business. It's common for building...
Jan 74 min read
63


4 Essential QuickBooks Reports to Boost Your Business Efficiency
Efficiency is very important in today's fast-paced work world. It's important to have a clear picture of your financial health whether...
Dec 4, 20246 min read
82


The Percentage of Completion Method in Construction: Benefits and Calculations
Knowing the percentage of completion approach is essential for precise financial management. This revenue recognition technique gives...
Nov 23, 20245 min read
660


Overbilling vs. Underbilling: Finding the Balance for Construction Success
Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...
Nov 6, 20244 min read
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