Hannah Nguyen4 days ago5 minBest Construction Accounting Software for 2022Construction software helps companies automate critical processes such as takeoff, estimating, project management, and accounting, and...
Hannah NguyenApr 63 min4 Tips for Effectively Managing Accounts Receivable in ConstructionThe construction industry is notorious for payment delays and nonpayments. The difference between a successful construction business and...
Hannah NguyenMar 303 minConstruction Accounting: Cash Basic Accounting Vs Accrual AccountingCash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses
Hannah NguyenMar 242 minConstruction Overhead Costs: Key Difference Between Direct and IndirectOverhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...
Hannah NguyenMar 222 minWorking Capital Construction: What Is It and Why It Becomes a Key BenchmarkWorking capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
Hannah NguyenMar 183 minIndirect Cost In Construction: What It Is and How to StreamlineHave you ever wondered why profit margins consistently deteriorate at the end of your construction projects? The key problem is whether...
Hannah NguyenMar 143 min4 Ways to Improve Construction Accounts Payable ProcessAs a contractor, we understand you may show no interest in accounts payable and overpaying bills is often the last thing a business owner...
Hannah NguyenMar 114 min4 KEYs to Improve Construction Profit MarginIt's believed that the average profit margin for the construction industry is too low. Those in other industries often joke that why most...
Hannah NguyenMar 12 minJob Costing vs Process Costing: 10 Key DifferencesJob costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...
Hannah NguyenFeb 184 min4 Strategies to Improve Construction Cash FlowOne of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
Mai NguyenOct 21, 20211 minThe difference between profit and loss account and balance sheetOne of the three financial statements that companies provide on a regular basis is a balance sheet. Another is a profit and loss (P&L)...
Zoe LuSep 10, 20217 minA Complete Guide to Job CostingIf you are working in the construction industry, you might be familiar with the term “Job costing”. But how do you describe it in words?...
Zoe LuMay 13, 20214 min6 Tips for Preventing Cost Overrun on ProjectsA risk management strategy is required for any project, no matter how large or small.
Zoe LuFeb 5, 20215 minHow 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.
Zoe LuJan 12, 20212 minHow To Write Off Invoice in QuickBooks Desktop? – Step by Step GuidelineThe best way to write off an invoice in QuickBooks systems – whether you are using QuickBooks Desktop or QuickBooks Online – is to use...
Zoe LuJan 7, 20212 minHow To Write Off An Invoice In Quickbooks?it is essential for you to write off the uncollectible invoices.
Mai NguyenDec 31, 20202 minHow Could Overbilling Become A Risk?Overbilling can become an issue and may lead to a situation called “job borrow”
Zoe LuNov 19, 20202 minWhat Is An Overbilling In Construction?It can be said that overbilling plays a positive role for the contractor, especially in the construction industry when delay payments often
Mai NguyenNov 12, 20203 minFind Out 3 Solution For Saving Construction PayrollPayroll for construction is always a problem that contractors always face. Even if you have other issues to worry about, employee...
Mai NguyenNov 4, 20203 minTop 5 Common Construction Accounting Problems Construction projects always require a large number of funding sources, including costs related to office space, equipment, materials