Construction Bookkeeping vs Accounting: Do You Know The Difference?
Accounting can’t be fulfilled without first having proper bookkeeping.
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- Sep 19, 2022
- 2 min
Construction Accounting: What Is Overbilling?
Overbilling and underbilling appear to be common construction accounting terms. However, not all contractors understand why these...
654
- Aug 16, 2022
- 3 min
Top Reasons Why Construction Bookkeeping Matters & Best Practices
Construction bookkeeping is one of the most intricate aspects of running a construction company. Unlike other industries, construction...
144
- Aug 8, 2022
- 2 min
Working Capital Turnover For Your Construction Business
Many contractors' success is determined by their ability to analyze working capital turnover. In this article, after a brief review of...
242
- Jun 23, 2022
- 2 min
How Does Construction Job Costing Software Can Improve Your Profits?
Construction job costing is now compulsory for contractors who want to improve profits, win more projects, reduce risks, and gain the...
134
- Jun 20, 2022
- 2 min
Most Common Tax Deductions for Construction Contractors
In this guide, we’ll take a closer look at construction tax savings you can use to help your company to capitalize on any available tax...
322
- Jun 13, 2022
- 3 min
What Is A Cash Receipt and How to Record a Cash Receipts Journal?
If you’re a small business owner, you’re likely to receive cash payments from your customers for delivering products or services. And if...
170
- Jun 7, 2022
- 4 min
How To Build The Chart of Accounts For A Construction Company
Whether you operate a construction or service business, it’s important to have a proper chart of accounts (COA) under your belt to assess...
642
- May 29, 2022
- 3 min
7 Proper Bookkeeping Tips for Contractors
Accounting and bookkeeping for construction companies are a bit different than those for other industries. Construction companies face a...
82
- May 19, 2022
- 2 min
3 Reasons To Move From QuickBooks To Sage 100 Contractor
Sage 100 Contractor is a better solution that fully supports your construction company as it grew and expanded. 5 keys to convert from Quick
146
- May 12, 2022
- 3 min
Should You Outsource Construction Bookkeeping Services?
Bookkeeping is much like going to the dentist - no one really wants to take time out to do it but neglection could lead to repercussions...
138
- May 12, 2022
- 6 min
Your Best Guide for Construction Accounting Software in 2023
Are you in the construction industry? If so, you might have seen that keeping track of everything is a big job. There is takeoff,...
246
- May 4, 2022
- 6 min
Construction Accounting 101 – Guide for Small Business Owners
Accounting is one of the most important parts of business management and administration. In the construction industry, contractors face...
118
- Apr 15, 2022
- 4 min
Work in Progress Construction - Ways to Keep Projects Profitable and On-Track
In this guide, we discuss what construction work in progress (WIP) is, why work in progress reports are important, how to create WIP...
164
- Apr 14, 2022
- 3 min
5 Year-End Tax Strategies for Construction Companies
Working in the construction industry requires meticulous attention to tax details when you have to invest in tax planning throughout the...
86
- Apr 6, 2022
- 5 min
4 Tips for Effectively Managing Accounts Receivable in Construction
Managing accounts receivable in your construction business can be tough. The construction industry is notorious for delayed payments and...
87
- Mar 30, 2022
- 3 min
Construction Accounting: Cash Vs Accrual Accounting
Cash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses
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- Mar 24, 2022
- 4 min
Construction Overhead Costs: Key Difference Between Direct & Indirect
Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...
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