11 Key Construction Industry Trends to Watch Out for in 2023
In the world of construction, there's always a buzz of innovation. This industry never stops evolving, bringing fresh methods, materials,...
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- Jun 15, 2023
- 4 min
(Download CFMA Template) The Income Statement: Measuring Profit & Loss in Construction
For a construction business owner, the income statement serves as a key tool for financial evaluation. It's a financial document that...
1,025
- Jun 14, 2023
- 4 min
Understand Cash Flow Statement and Find Your Way Through Construction Finances
Are you curious about where your money goes in your construction business? Look no further than the cash flow statement. In this engaging...
137
- Jun 12, 2023
- 4 min
Construction Balance Sheet: A How-to Guide for Owners (CFMA template)
Every successful business owner knows how important it is to keep an eye on their business's finances. One indispensable tool for this...
1,749
- Jun 12, 2023
- 4 min
Do Bookkeepers Have Access To Bank Accounts?
Many construction business owners have a common question. What access should they give to their bookkeeper? It's about finding the right...
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- Jun 9, 2023
- 4 min
The 4 Essential Financial Statements for Contractors
Managing your construction business finances effectively is crucial for success and sustainability. Understanding and using the right...
1,230
- Jun 7, 2023
- 4 min
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...
65
- Jun 7, 2023
- 3 min
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...
150
- Jun 6, 2023
- 3 min
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...
103
- Jun 4, 2023
- 4 min
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....
54
- Jun 2, 2023
- 5 min
Top 10 Bookkeeping Questions to Ask Before Hiring a Bookkeeper
Hey there, construction business owners! Ready to make your financial operations easier? Maybe you're considering hiring a bookkeeper or...
68
- May 31, 2023
- 4 min
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...
364
- May 31, 2023
- 3 min
How Contractors Save Time & Money As They Outsource Bookkeeping
Do you run a construction business and find yourself spending hours on financial management? Consider this: what if you could spend that...
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- May 29, 2023
- 4 min
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...
47
- May 29, 2023
- 5 min
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...
37
- May 26, 2023
- 4 min
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...
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- May 25, 2023
- 3 min
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....
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- May 24, 2023
- 4 min
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....
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