Accounts Receivable Turnover Ratio vs. DSO: Key Differences Explained
In the world of bookkeeping and accounting, understanding various financial metrics is crucial for maintaining the financial health of a...
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Aug 15 min
How to Reduce Cost of Goods Sold (COGS) in Construction
In the competitive world of construction, managing the Cost of Goods Sold (COGS) is critical for maintaining profitability. Reducing...
32
Jul 294 min
5 Common Mistakes to Avoid When Preparing WIP Reports
In the construction industry, Work in Progress (WIP) reports are critical for tracking project progress and ensuring financial accuracy....
61
Jul 264 min
QuickBooks Online Job Costing: Tips to Improve Your Bottom Line
Accurate construction job costing is vital for businesses to track the profitability of individual projects and make smart financial...
93
Jul 244 min
Understanding 2 Key Revenue Recognition Methods for Construction
Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.
99
Jul 204 min
6 Steps to Setting Up Efficient Construction Cost Codes
Effective cost management is crucial in the construction industry, where projects often involve significant labor, materials, and...
54
Jul 184 min
Why Do You Need Construction Payroll Software For Your Business
Managing payroll in the construction industry presents unique challenges due to the complexity of labor costs, varying job sites, and...
27
Jul 124 min
Top 4 Effective Strategies To Reduce Construction Overhead Costs
In the construction industry, overhead costs can significantly impact a project’s profitability and overall financial health....
27
Jul 105 min
How to Track Invoices in Construction: Step-by-Step Guide
In the construction industry, managing invoices efficiently is crucial for maintaining financial health and ensuring project success....
64
Jul 54 min
Purchase Order Process in Construction: All You Need To Know
In the complex world of construction, managing finances and resources efficiently is crucial for project success. One key aspect of this...
99
Jul 34 min
5 Key Benefits of Using Contractor Invoicing Software
As a contractor, managing your finances efficiently is crucial for the success of your business. One tool that can significantly...
54
Jun 285 min
Why Key Performance Indicators Are Crucial for Construction Success
In the dynamic and complex world of construction, managing projects efficiently and effectively is paramount. This is where key...
17
Jun 254 min
Best Practices for a Construction Balance Sheet: A Beginner's Guide
Understanding the best practices for preparing a construction balance sheet is essential for contractors who want to maintain a clear...