Progress billing is a vital tool for construction contractors and service providers who manage long-term projects with multiple phases or...

To stay competitive in today's fast-paced building business, you need to keep good track of your money. Adding QuickBooks to JobTread   is one of the best ways to make accounting work more efficiently. By combining these two powerful tools, contractors can make their accounting tasks easier and make sure they stay on top of daily bookkeepin g, job costing, and financial reports. This guide will show you how to get started and how this construction software QuickBooks integrat

Construction businesses differ from other businesses in that they must deal with liquidity issues that other businesses do not face. It...

Many SMEs still rely on traditional accounting methods, which are often designed for retail businesses or service industries. This isn't just an oversight it's a financial misstep that can significantly undermine your business. When your multi-million dollar, multi-year projects are treated the same as selling a simple product, you're opening yourself up to hidden losses, tax issues, and even lost bonding capacity. The truth is simple: Construction accounting is not just an e

Whether you’re using QuickBooks Desktop or QuickBooks Online, managing bad debts is crucial to maintaining accurate financial records. In...

it is essential for you to write off the uncollectible invoices.

Creditors can be used to describe a person who gives a loan to any other person and in return

Managing Accounts Payable (AP) in a construction company is a vital part of maintaining the company’s financial health and ensuring smooth project execution. Accounts payable in construction company refers to the money owed to suppliers, subcontractors, laborers, and other service providers for materials, labor costs, and general business expenses. Proper accounts payable management helps construction firms keep track of their payment records, avoid late payments, and mainta

As a contractor, your focus must extend beyond the job site to securing your financial foundation. While managing crews and projects is essential, mastering Accounts Payable (AP)  is the unsung hero of cash flow and profitability. For a construction firm, AP is not a simple liability; it's the core system for tracking Cost of Goods Sold  and managing legal compliance. Failing to properly manage this area from correctly allocating costs to handling complex lien waivers and ret