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 method of accounting that makes this task much easier. This method is known as the percentage of completion. With over 8,200 members in the US and Canada, CFMA offers educational activities, publications, and networking. They are a reputable association that promotes best practices in financial management and works to meet the needs of constr

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,...

Construction companies operate in a unique financial landscape. They have ongoing projects and costs that change, which can make it hard...

Have you ever wondered how construction project managers keep track of the progress of their projects? Well, one of the key tools they...

Creating an effective WIP report may be challenging. We've prepared this blog to simplify the WIP report's components with an infographic.

If you're a construction business owner, general contractor, or subcontractor and you're not reviewing a current WIP report at least monthly, you're flying blind on every active job. Work in Progress (WIP) reports are one of the most powerful financial tools in construction accounting and one of the most misunderstood. A single miscalculation can quietly drain your cash flow, put your bonding capacity at risk, and leave you scrambling at tax time. At CCA, we've worked with hu

When managing construction projects, having the right software can make all the difference. Sage 100 Contractor is designed specifically...

When you post an expense to a job, whether, through an AP invoice, payroll, or direct general ledger entry, you will always choose a job and

To help you save time doing research on the best invoicing software for your construction company, we’ve listed the best 4 billing software

Double-entry bookkeeping ensures accurate financial statements. Use this advanced accounting approach to tightly control your cash flow

5 signs telling you should have bookkeeping services before your financial numbers get out of control. Do what your business needs, and see

Do you want to establish your own construction business? Help is here! Read on some of the most useful tips to make your company grow!