In the construction business, cash flow is as crucial to your success as bricks are to a building project. Effective invoicing can't be...

One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...

One of the three financial statements that companies provide on a regular basis is a balance sheet. Another is a profit and loss (P&L) statement. These statements give creditors, market analysts, and investors the means of evaluating the financial strength and growth potential of a company. The third financial statement is called the cash-flow statement. While the balance sheet and the P&L statement may seem similar at first glance, they serve completely different purposes

If you are working in the construction industry, you might be familiar with the term “Job costing”. But how do you describe it in words?...

Over the last year, the Paycheck Protection Program (PPP) has assisted numerous company owners, including general contractors,...

A risk management strategy is required for any project, no matter how large or small.

Job costing means income and expenses tracking by a job, and then comparing its actual amount to its estimated amount.

Whether you’re using QuickBooks Desktop or QuickBooks Online, managing bad debts is crucial to maintaining accurate financial records. In...

it is essential for you to write off the uncollectible invoices.

Overbilling can become an issue and may lead to a situation called “job borrow”

Payroll for construction is always a problem that contractors always face. Even if you have other issues to worry about, employee...

Construction projects always require a large number of funding sources, including costs related to office space, equipment, materials

This is the most used and helpful report for contractors. By showing both estimate and actual cost and estimate and actual revenue, this rep

It can be said that accounting is a necessary part of every business to ensure the financial matters of the company.

Creditors can be used to describe a person who gives a loan to any other person and in return

Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.

Net Income, also called Net Profit or net earnings, is a concrete concept.

For construction businesses, it's even a huge difficulty. Therefore, we will suggest books related to construction accounting to help you.