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Accounting for Construction Companies: 11 Mistakes & Solutions
Managing finances in the world of construction cost accounting is a bit like constructing a building. Even minor mistakes might lead to...
Jun 7, 20234 min read


The Construction Glossary: Key Accounting Terms You Need to Know
Understanding construction accounting can seem tough. Don't fret, though; we are here to assist you. We have put together a...
Jun 7, 20233 min read


9 Key Accounts Receivable KPIs to Manage Construction’s Receivables
Managing cash flow is key to your success as a construction business owner. But do you know what's at its heart? It's all about mastering...
Jun 6, 20233 min read


All You Need to Know About Construction Bookkeeping
Do you own a construction business? If so, you know it is a tricky task. Your role as an industry leader involves smart money management....
Jun 4, 20234 min read


Top 10 Bookkeeping Questions to Ask Before Hiring a Bookkeeper
Ready to make your financial operations easier? Maybe you're considering hiring a bookkeeper or outsourcing your bookkeeping needs . We know this can feel like a big decision; it is normal to have loads of questions. Don't worry! we've got your back. We've compiled a list of crucial questions to ask a bookkeeper that will help you evaluate their expertise, communication style, and familiarity with construction bookkeeping practices. Finding the right bookkeeper can save you
Jun 2, 20235 min read


Construction Accounting: A Guide to Accounts Receivable Process Steps
The lifeline of your construction business might just be hidden in your accounts receivable (AR). AR is the heartbeat of your cash flow...
May 31, 20234 min read


How Contractors Save Time & Money As They Outsource Bookkeeping
Do you run a construction business and find yourself spending hours on financial management? Consider what if you could spend that time focusing on what you do best constructing ? This is where the magic of outsourcing bookkeeping comes into play. Let's delve into how this strategic move can save you time and money. In-House Bookkeeper vs. Outsourced Bookkeeper A Focus on Cost and Time In-house Bookkeeper Outsourced Bookkeeper Cost (Annually) $42,000 - $46,000 ( Excludes as
May 31, 20234 min read


How To Outsource Bookkeeping for Your Construction Business
Construction is a busy world. Handling money in it can feel like being lost in a maze. You need to track changing costs and many...
May 29, 20234 min read


Outsource Bookkeeping: How to Hire A Construction Bookkeeper
In the construction world, speed matters. So does precision. These factors greatly influence your profit. It can take a lot of work to...
May 29, 20235 min read


What is a Past Due invoice? Guide for Contractors on How to Handle Late Payments
As a construction business owner, you handle multiple responsibilities every day. However, late customer payments can disrupt your smooth...
May 26, 20234 min read


How to Invoice as a Contractor: Practical Tips for Effective Invoicing
Invoicing can be tough for construction business owners. This is because projects are complex and it's hard to track hours and payments....
May 25, 20233 min read


High DSO or Low DSO? Discover Days Sales Outstanding for Construction
Cash flow management is crucial for any construction business. As the owner, you understand the importance of maintaining your finances....
May 24, 20234 min read


A Simple Guide to Calculate DSO Days Sales Outstanding for Construction Business
In the construction industry, efficient cash flow management is crucial for success. One of the most powerful metrics to help you...
May 23, 20235 min read


Cash Flow Woes? How the Accounts Receivable Aging Report Helps Contractors Get Paid on Time
Any business must managing and operating cash flow , but construction contractors must do so even more. With the often-lagging payment...
May 22, 20235 min read


Accounts Receivable Aging FAQs for Successful Contractors
Are you a contractor looking to manage your accounts receivable more effectively? Do you want to know what accounts receivable aging is...
May 20, 20235 min read
![4 Easy Steps for Contractors to Create an Accounts Receivable Aging Report [Infographic]](https://static.wixstatic.com/media/9062d1_9cc18f6feada428dad936bc22d9b6ec0~mv2.png/v1/fill/w_334,h_250,fp_0.50_0.50,q_35,blur_30,enc_avif,quality_auto/9062d1_9cc18f6feada428dad936bc22d9b6ec0~mv2.webp)
![4 Easy Steps for Contractors to Create an Accounts Receivable Aging Report [Infographic]](https://static.wixstatic.com/media/9062d1_9cc18f6feada428dad936bc22d9b6ec0~mv2.png/v1/fill/w_307,h_230,fp_0.50_0.50,q_95,enc_avif,quality_auto/9062d1_9cc18f6feada428dad936bc22d9b6ec0~mv2.webp)
4 Easy Steps for Contractors to Create an Accounts Receivable Aging Report [Infographic]
In the world of business, there was a concept that was essential for every company's financial health: accounts receivable . It refers to...
May 18, 20233 min read


Accounts Receivable (AR) Aging Report: Definition, Calculation, and Benefits
Do you feel like a hamster on a wheel, always chasing payments and worrying about cash flow ? Are you frustrated by inaccurate invoicing,...
May 18, 20234 min read


What is an Accounts Receivable Aging Report in Construction?
Do you ever feel like managing finances for your construction business is like trying to solve a Rubik's cube blindfolded? And when you...
May 17, 20235 min read
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