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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 14, 20255 min read


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 12, 20255 min read


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 8, 20259 min read


Common COGS Accounting Mistakes That Could Trigger an IRS Audit
As a contractor, you're accustomed to handling a large number of moving parts - labor costs, material purchases, and the day-to-day...
Apr 11, 20255 min read


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 20, 20254 min read


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. A construction company is the core entity...
Mar 18, 20259 min read


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 17, 20255 min read


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 13, 20253 min read


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 5, 20254 min read


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 23, 20254 min read


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 21, 20254 min read


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 17, 20254 min read
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