One of the three financial statements that companies provide on a regular basis is a balance sheet. Another is a profit and loss (P&L)...

If you are working in the construction industry, you might be familiar with the term “Job costing”. But how do you describe it in words?...

A risk management strategy is required for any project, no matter how large or small.

Job costing means income and expenses tracking by a job, and then comparing its actual amount to its estimated amount.

The best way to write off an invoice in QuickBooks systems – whether you are using QuickBooks Desktop or QuickBooks Online – is to use...

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

Overbilling can become an issue and may lead to a situation called “job borrow”

It can be said that overbilling plays a positive role for the contractor, especially in the construction industry when delay payments often

Payroll for construction is always a problem that contractors always face. Even if you have other issues to worry about, employee...

Construction projects always require a large number of funding sources, including costs related to office space, equipment, materials

Cash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses

It can be said that accounting is a necessary part of every business to ensure the financial matters of the company.

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

Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.

Net Income, also called Net Profit or net earnings, is a concrete concept.

Public accounting is the term used to refer to a field of expertise in which activities related to the accounting profession

A construction-specific CPA is a construction accountant specializing in the construction industry.

For construction businesses, it's even a huge difficulty. Therefore, we will suggest books related to construction accounting to help you.

This is part of the series Construction Finance on Construction Cost Accounting website. Part 1: How to Manage Finance for Small Business...

This is part of the series Construction Finance on Construction Cost Accounting website. Part 1: How to Manage Finance for Small Business...