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
What can we do?
RESOURCES
Search
Hannah Nguyen
- Mar 24
- 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...
85 views0 comments
Hannah Nguyen
- Mar 22
- 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...
26 views0 comments
Hannah Nguyen
- Mar 18
- 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...
71 views0 comments
Hannah Nguyen
- Mar 14
- 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...
20 views0 comments
Hannah Nguyen
- Mar 11
- 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...
18 views0 comments
Hannah Nguyen
- Mar 1
- 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...
31 views0 comments
Hannah Nguyen
- Feb 22
- 3 min
Job Cost Tracking In Sage 100 Contractors
In this part, we’ll take you through the importance of job cost tracking and, especially, how to do it properly with Sage 100 Contractor....
31 views0 comments
Zoe Lu
- Feb 18
- 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...
40 views0 comments
Hannah Nguyen
- Feb 18
- 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...
27 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)...
21 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?...
90 views0 comments