Construction Accounting: What Is Overbilling?
Updated: Sep 20th, 2022 Overbilling and underbilling appear to be common construction accounting terms. However, not all contractors...
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Hannah Nguyen
- Jun 13, 2022
- 3 min
What Is A Cash Receipt? How to Manage and Record a Cash Receipts Journal?
If you’re a small business owner, you’re likely to receive cash payments from your customers for delivering products or services. And if...
40 views0 comments
Hannah Nguyen
- May 12, 2022
- 5 min
Best Construction Accounting Software for 2022
Construction software helps companies automate critical processes such as takeoff, estimating, project management, and accounting, and...
77 views0 comments
Hannah Nguyen
- Apr 5, 2022
- 3 min
4 Tips for Effectively Managing Accounts Receivable in Construction
The construction industry is notorious for payment delays and nonpayments. The difference between a successful construction business and...
31 views0 comments
Hannah Nguyen
- Mar 29, 2022
- 3 min
Construction Accounting: Cash Vs Accrual Accounting
Cash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses
90 views0 comments
Hannah Nguyen
- Mar 24, 2022
- 2 min
Construction Overhead Costs: Key Difference Between Direct and Indirect
Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...
136 views0 comments
Hannah Nguyen
- Mar 22, 2022
- 2 min
Working Capital Construction: What Is It and Why It Becomes a Key Benchmark
Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
37 views0 comments
Hannah Nguyen
- Mar 18, 2022
- 3 min
Indirect Cost In Construction: What It Is and How to Streamline
Have you ever wondered why profit margins consistently deteriorate at the end of your construction projects? The key problem is whether...
110 views0 comments
Hannah Nguyen
- Mar 14, 2022
- 3 min
4 Ways to Improve Construction Accounts Payable Process
As a contractor, we understand you may show no interest in accounts payable and overpaying bills is often the last thing a business owner...
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Hannah Nguyen
- Mar 11, 2022
- 4 min
4 Keys to Improve Construction Profit Margin
It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke that why most...
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Hannah Nguyen
- Mar 1, 2022
- 2 min
Job Costing vs Process Costing: 10 Key Differences
Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...
33 views0 comments
Hannah Nguyen
- Feb 18, 2022
- 4 min
4 Strategies to Improve Construction Cash Flow
One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...
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Mai Nguyen
- Oct 21, 2021
- 1 min
The difference between profit and loss account and balance sheet
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)...
23 views0 comments
Zoe Lu
- Sep 10, 2021
- 7 min
A Complete Guide to Job Costing
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?...
101 views0 comments
Zoe Lu
- May 12, 2021
- 4 min
6 Tips for Preventing Cost Overrun on Projects
A risk management strategy is required for any project, no matter how large or small.
43 views0 comments
Zoe Lu
- Feb 5, 2021
- 5 min
How 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.
718 views0 comments
Zoe Lu
- Jan 12, 2021
- 2 min
How To Write Off Invoice in QuickBooks Desktop? – Step by Step Guideline
The best way to write off an invoice in QuickBooks systems – whether you are using QuickBooks Desktop or QuickBooks Online – is to use...
158 views0 comments
Zoe Lu
- Jan 7, 2021
- 2 min
How To Write Off An Invoice In Quickbooks?
it is essential for you to write off the uncollectible invoices.
22 views0 comments
Mai Nguyen
- Dec 30, 2020
- 2 min
How Could Overbilling Become A Risk?
Overbilling can become an issue and may lead to a situation called “job borrow”
255 views0 comments
Mai Nguyen
- Nov 11, 2020
- 3 min
Find Out 3 Solution For Saving Construction Payroll
Payroll for construction is always a problem that contractors always face. Even if you have other issues to worry about, employee...
15 views0 comments
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