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5 Ways to Improve Revenue Recognition in Construction Projects
In the fast-paced world of construction, managing revenue recognition can be complex but is critical for maintaining accurate financial...
Jun 75 min read
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How to Set Up a Double Entry Accounting System for Your Business
Keeping proper financial records is very important for running a construction firm because it helps you understand how much money you're...
Jun 34 min read
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The Impact of Negative Liability on Your Construction Company's Books
In construction accounting, every figure tells a story. When a contractor sees a negative liability on their balance sheet, it's a signal...
May 164 min read
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Balance Sheet Reconciliation Checklist for Construction Bookkeepers
If you’re a construction accountant or contractor attempting to make sense of your company’s finances, one thing should be clear: precise...
May 89 min read
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Understanding Owner’s Equity in a Contractor’s Balance Sheet
As a contractor, your balance sheet is more than simply a requirement for lenders and tax authorities; it's a critical tool for assessing...
May 64 min read
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Cost-Plus Contracts 101: Key Terms, Benefits, and Best Practices
In the construction sector, choosing the correct contract form is critical for risk management, financial stability, and building...
Apr 166 min read
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How to Boost Construction Profit Margins: 5 Essential Tips for Contractors
As a contractor, you are constantly thinking about expanding your profit margins. Maintaining a good profit margin might be difficult due...
Apr 95 min read
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Fixed vs. Variable Overhead in Construction: What’s the Difference?
Overhead expenditures are a major component of any construction project. Whether you're an experienced contractor or a small business...
Apr 45 min read
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Mastering Cost-Plus Contracts: A Step-by-Step Guide for Contractors
Picking the right type of contract is important for managing the costs of a construction job and making money. One choice that stands out...
Apr 17 min read
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How Estimate Bonds Improve Your Construction Business Credibility
Building trust with clients and winning projects in the cutthroat construction industry calls for more than simply excellent work....
Mar 314 min read
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AIA Billing vs. Progress Billing: Which One Works Best?
When it comes to billing in the construction industry, two methods often come up in conversation: AIA Billing and Progress Billing . Both...
Mar 197 min read
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How to Create Effective Construction Cost Codes for Maximum Profitability
If you’re a construction business owner, you probably know that keeping track of job costs is one of the biggest challenges. Without a...
Mar 175 min read
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