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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Zoe Lu
- Feb 18, 2022
- 3 min
The Basics of Contractor Invoice: How to Get Paid Faster
Cash flow is so important to contractor success that construction companies cannot afford to sleep on invoicing. In order to keep healthy...
44 views0 comments
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 26, 2021
- 3 min
What Are Loan Options For Construction Owners If PPP Funding Runs Out?
Over the last year, the Paycheck Protection Program (PPP) has assisted numerous company owners, including general contractors,...
16 views0 comments
Zoe Lu
- Apr 26, 2021
- 2 min
Eight Different Ways To Keep Contractors’ Cash Flow In Good Shape
Financing is a good way to free up working capital. Rather than purchasing construction equipment and vehicles outright
30 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”
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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
Mai Nguyen
- Nov 3, 2020
- 3 min
Top 5 Common Construction Accounting Problems
Construction projects always require a large number of funding sources, including costs related to office space, equipment, materials
169 views0 comments
Mai Nguyen
- Oct 22, 2020
- 2 min
QuickBooks Contractor Reports: 3 Essential Construction QuickBooks Reports
This is the most used and helpful report for contractors. By showing both estimate and actual cost and estimate and actual revenue, this rep
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Zoe Lu
- Oct 21, 2020
- 3 min
How Is Construction Accounting Different?
It can be said that accounting is a necessary part of every business to ensure the financial matters of the company.
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Zoe Lu
- Oct 6, 2020
- 2 min
What Is The Difference Between A Debtor Vs A Creditor?
Creditors can be used to describe a person who gives a loan to any other person and in return
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Zoe Lu
- Sep 10, 2020
- 3 min
What is Construction CPA? How to Evaluate Construction CPA Firms for Your Company
A construction-specific CPA is a construction accountant specializing in the construction industry.
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constructioncostac
- Sep 8, 2020
- 2 min
Construction Accounting: Accountants' Guidebook for Construction
For construction businesses, it's even a huge difficulty. Therefore, we will suggest books related to construction accounting to help you.
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Zoe Lu
- Sep 6, 2020
- 3 min
Construction Quickbooks: What is the difference between An Expense and An Items tab?
An Expense is a rent, phone bills, website hosting fees, office supplies, accountant fees, trash service, janitorial fees, etc.
56 views0 comments
Zoe Lu
- Aug 25, 2020
- 4 min
Construction Finance: Solutions to better manage cash flow for construction businesses
This is part of the series Construction Finance on Construction Cost Accounting website. Part 1: How to Manage Finance for Small Business...
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Zoe Lu
- Aug 23, 2020
- 2 min
Construction Finance: Common Cash Flow Problems
This is part of the series Construction Finance on Construction Cost Accounting website. Part 1: How to Manage Finance for Small Business...
22 views0 comments
Zoe Lu
- Aug 18, 2020
- 3 min
Construction Finance: What is cash flow and why is cash flow management important?
Managing cash flow has never been an easy job. For construction businesses, it’s even worse. It’s crucial that mid-size and small construct
46 views0 comments
Zoe Lu
- Aug 16, 2020
- 3 min
Construction Finance: How to Manage Finance for Small Business Owners
This is part of the series Construction Finance on Construction Cost Accounting website. Running a new business is nothing easy,...
29 views0 comments
Zoe Lu
- Aug 10, 2020
- 3 min
Common risks in Construction Accounting
After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...
27 views0 comments
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