7 Proper Bookkeeping Tips for Contractors
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Accounting and bookkeeping for construction companies are a bit different than those for other industries. Construction companies face a...
- May 4, 2022
- 6 min
Construction Accounting 101 – Guide for Small Business Owners
Accounting is one of the most important parts of business management and administration. In the construction industry, contractors face...
101
- Apr 15, 2022
- 4 min
Work in Progress Construction - Ways to Keep Projects Profitable and On-Track
In this guide, we discuss what construction work in progress (WIP) is, why work in progress reports are important, how to create WIP...
131
- Apr 6, 2022
- 5 min
4 Tips for Effectively Managing Accounts Receivable in Construction
Managing accounts receivable in your construction business can be tough. The construction industry is notorious for delayed payments and...
73
- Mar 14, 2022
- 4 min
4 Ways to Improve Construction Accounts Payable Process
As a contractor, we understand you may show no interest in accounts payable, overpaying bills is often the last thing a business owner...
104
- Mar 11, 2022
- 4 min
4 Keys to Improve Construction Profit Margin
It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke about why...
54
- Feb 18, 2022
- 4 min
The Basics of Contractor Invoice: How to Get Paid Faster
In the construction business, cash flow is as crucial to your success as bricks are to a building project. Effective invoicing can't be...
127
- Feb 18, 2022
- 4 min
20 Proven Strategies to Improve Cash Flow in the Construction Industry
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
76
- May 12, 2021
- 5 min
6 Tips for Preventing Cost Overrun on Projects
A risk management strategy is required for any project, no matter how large or small.
98
- Aug 25, 2020
- 4 min
Construction Finance: Solutions to Better Manage Cash Flow for Construction Businesses
This is part of the series Construction Finance on Construction Cost Accounting website. Part 1: How to Manage Finance for Small Business...
48
- Aug 23, 2020
- 4 min
7 Common Cash Flow Problems and How to Manage Them
If you're in the construction industry, the importance of efficiently managing cash flow is likely a familiar topic. After all,...
65
- Aug 16, 2020
- 3 min
Financial Cornerstones: Money Management for Small Construction Firms
Starting a small construction business is not a walk in the park, especially if you're juggling fewer than 20 employees. Like many small...
91
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