The construction business is notorious for cost overruns. However, it's still a hot market with lots of possibilities, according to a...

In 2023, many contractors are worried about the economic downturn and its impact on the construction industry . During a recession,...

We use a ratio called Accounts Receivable Turnover (ART) to see how quickly clients pay.

As a construction business owner, understanding your company's financials is crucial to ensuring its success. One of the most important...

Are unpaid invoices and late payments causing you financial headaches? Are you ready to improve your collection efforts and achieve...

As a construction business owner, you know how crucial it is to keep cash flowing into your company. One of the simplest and most...

Here's a comparison table that highlights some key differences between accounts payable and receivable

Meet John, a construction business owner who has been in the industry for over a decade. John takes pride in delivering quality projects...

As a construction owner, knowing if accounts receivable are an asset or a liability can make a huge difference. It is the difference...

Despite the pandemic-induced slowdown, the construction industry is bouncing back with a boom! However, for many contractors, the...

Good accounts receivable management is one of the best ways to get paid quickly. But sometimes, customers don't pay their bills on time,...

Are you tired of chasing down payments and dealing with the headache of late or non-payments in your construction business? You are not alone. It is a common issue that many business owners face, and it can significantly impact your cash flow, not to mention your stress levels. In this comprehensive guide, we'll explore the most common reasons why customers in the construction industry refuse to pay . More importantly, we'll show you how to get paid on time with proven strate

Accounts receivable are valued and reported on the balance sheet. But what is a balance sheet anyway? A balance sheet is a financial stateme

Every construction business owner knows cash flow is the key to profitability. Cash on hand is needed for contractors to keep their projects running, pay subcontractors on time, and seize new opportunities when they arise. But poor management of accounts receivable (AR) can lead to late payments, bad debts, and unhappy customers. Even worse, inconsistent AR processes can put your business at risk of cash flow gaps that threaten project completion and company survival. CCA un

Keeping track of income and expenses for long-term construction projects can be overwhelming. Fortunately, the CFMA has recommended a...

Construction projects are famously complex, which makes accurate tracking incredibly difficult. One of the best ways contractors manage...

Are you a construction business owner looking to increase profitability and ensure accurate financial management? Then it's time to talk...

Every construction project has its own problems. Many of the big challenges that construction companies face are managing costs,...