Working Capital Construction and Why It Becomes a Key Benchmark
Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
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- Mar 18, 2022
- 5 min
Construction Indirect Costs: Your Guide to Streamlining Finances
Indirect costs in construction can often be the silent profit killers, creeping in without much fanfare and eating away at the profit...
559
- Mar 14, 2022
- 4 min
4 Ways to Improve Construction Accounts Payable Process
As a contractor, we understand you may show no interest in accounts payable, overpaying bills is often the last thing a business owner...
138
- Mar 11, 2022
- 4 min
4 Keys to Improve Construction Profit Margin
It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke about why...
63
- Mar 1, 2022
- 2 min
Job Costing vs Process Costing: 10 Key Differences
Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...
98
- Feb 22, 2022
- 3 min
Job Cost Tracking in Sage 100 Contractors
In this part, we’ll take you through the importance of job cost tracking and, especially, how to do it properly with Sage 100 Contractor....
212
- Feb 18, 2022
- 4 min
The Basics of Contractor Invoice: How to Get Paid Faster
In the construction business, cash flow is as crucial to your success as bricks are to a building project. Effective invoicing can't be...
160
- Feb 18, 2022
- 4 min
20 Proven Strategies to Improve Cash Flow in the Construction Industry
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
100
- Oct 21, 2021
- 1 min
The Difference Between Profit & Loss Account and Balance Sheet
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)...
75
- Sep 10, 2021
- 7 min
A Complete Guide to Construction Job Costing
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?...
467
- May 26, 2021
- 3 min
What Are Loan Options for Construction Owners If PPP Funding Runs Out?
Over the last year, the Paycheck Protection Program (PPP) has assisted numerous company owners, including general contractors,...
39
- May 12, 2021
- 5 min
6 Tips for Preventing Cost Overrun on Projects
A risk management strategy is required for any project, no matter how large or small.
117
- Feb 5, 2021
- 6 min
How to Do Job Costing in QuickBooks Online?
Job costing means income and expenses tracking by a job, and then comparing its actual amount to its estimated amount.
3,409
- Jan 12, 2021
- 5 min
How to Write Off Invoices in QuickBooks Desktop? A Step by Step Guide
Whether you're using QuickBooks Desktop or QuickBooks Online, managing bad debts is crucial to maintaining accurate financial records. In...
969
- Jan 7, 2021
- 4 min
How to Write Off an Invoice in QuickBooks Online?
it is essential for you to write off the uncollectible invoices.
69
- Dec 30, 2020
- 2 min
How Could Overbilling Become A Risk?
Overbilling can become an issue and may lead to a situation called “job borrow”
593
- Nov 11, 2020
- 3 min
Find Out 3 Solutions for Saving Construction Payroll
Payroll for construction is always a problem that contractors always face. Even if you have other issues to worry about, employee...
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- Nov 3, 2020
- 3 min
Top 5 Common Construction Accounting Problems
Construction projects always require a large number of funding sources, including costs related to office space, equipment, materials
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