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?...

Over the last year, the Paycheck Protection Program (PPP) has assisted numerous company owners, including general contractors,...

Financing is a good way to free up working capital. Rather than purchasing construction equipment and vehicles outright

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

This is the most used and helpful report for contractors. By showing both estimate and actual cost and estimate and actual revenue, this rep

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

The most prone to disputes that often arise in construction companies in the payment process between the contractor and the client....

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.

An Expense is a rent, phone bills, website hosting fees, office supplies, accountant fees, trash service, janitorial fees, etc.

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...

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

This is part of the series Construction Finance on Construction Cost Accounting website. Running a new business is nothing easy,...

After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...