A very important part of construction accounting is keeping track of work-in-progress (WIP) , which has a big impact on the bottom line...

Effective billing practices are crucial for maintaining a healthy cash flow as a contractor. It also ensures the financial success of...

In the world of construction, surety bonds serve as essential tools  to ensure project completion and financial security. However,...

In the competitive world of construction, managing finances accurately is as crucial as laying a strong foundation for a building. Thus,...

Construction surety bonds play a pivotal role in the construction industry, offering financial security and peace of mind to all parties...

The world of construction revolves around trust and guarantees. For project owners, this means knowing the contractor they hire will...

Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...

Accounting and bookkeeping for construction companies are a bit different than those for other industries. Construction companies face a...

Are you in the construction industry? If so, you might have seen that keeping track of everything is a big job. There is takeoff,...

Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...

It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke about why...

Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...