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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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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
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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
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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
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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
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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
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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
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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
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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 87 min read
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How to Revise Construction Estimates Mid-Project Without Losing Profit
In the dynamic world of construction, unforeseen obstacles can upend even the most meticulously crafted budgets. Revising construction...
Jan 74 min read
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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
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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
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