By Tammy Hoang, QuickBooks ProAdvisor | Construction Cost Accounting | calendly.com/tammycca/30min Every month, construction business owners receive a set of financial statements from their bookkeeper or accountant. Most of them look at two numbers — revenue and net income — and move on. The rest of the report sits unread. This is one of the most expensive habits in construction accounting, because the numbers that actually tell you whether your business is healthy are not th

By Tammy Hoang, QuickBooks ProAdvisor | Construction Cost Accounting | calendly.com/tammycca/30min Ask most construction owners about their creditors, and you will get a general answer — the subs, the suppliers, the equipment rental company. Ask them which creditors are past due right now, by how many days, and on which specific jobs, and the answer gets a lot less clear. This is one of the most common and most expensive gaps in construction bookkeeping. Creditors are the bus