Construction software helps companies automate critical processes such as takeoff, estimating, project management, and accounting, and...

The construction industry is notorious for payment delays and nonpayments. The difference between a successful construction business and...

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

Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...

Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...

Have you ever wondered why profit margins consistently deteriorate at the end of your construction projects? The key problem is whether...

As a contractor, we understand you may show no interest in accounts payable and overpaying bills is often the last thing a business owner...

It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke that why most...

Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...

One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...

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