Blog | Construction Cost Accounting

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13 minutes ago4 min read

Contractor Bonds vs. Insurance: Key Differences You Need to Know

It can be hard for contractors to figure out what contractor bonds and contractor insurance are and how to use them. Both play crucial...

How Long Should Contractors Keep Tax Records

Dec 134 min read

TAX

How Long Should Contractors Keep Tax Records

As a contractor, keeping track of your money is just as important as finishing projects on time. Keeping good tax records not only...

Overhead Cost Calculation in Construction: Step-by-Step Guide

Dec 124 min read

JOB COSTING

Overhead Cost Calculation in Construction: Step-by-Step Guide

Understanding overhead cost calculation is essential for contractors aiming to manage costs and maximize profits. Direct costs, like...

4 Essential QuickBooks Reports to Boost Your Business Efficiency

Dec 46 min read

FINANCIAL MANAGEMENT

4 Essential QuickBooks Reports to Boost Your Business Efficiency

Efficiency is very important in today's fast-paced work world. It's important to have a clear picture of your financial health whether...

Job Costing in Construction: Definition, Examples & How to Calculate

Nov 283 min read

BOOKKEEPING & ACCOUNTING

Job Costing in Construction: Definition, Examples & How to Calculate

Job costing is a big challenge for construction businesses, offering precise insights into project expenses and profitability. Whether...

The Percentage of Completion Method in Construction: Benefits and Calculations

Nov 235 min read

FINANCIAL MANAGEMENT

The Percentage of Completion Method in Construction: Benefits and Calculations

Knowing the percentage of completion approach is essential for precise financial management. This revenue recognition technique gives...

Overbilling vs. Underbilling: Finding the Balance for Construction Success

Nov 64 min read

FINANCIAL MANAGEMENT

Overbilling vs. Underbilling: Finding the Balance for Construction Success

Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...

The Ultimate Guide to Construction Budgeting in 2024: Step-by-Step

Nov 54 min read

FINANCIAL MANAGEMENT

The Ultimate Guide to Construction Budgeting in 2024: Step-by-Step

Creating a realistic, effective budget for construction projects is vital in 2024, given the industry’s growing cost pressures and...

WIP Reports vs. Job Cost Reports: What’s the Difference?

Oct 295 min read

WIP

WIP Reports vs. Job Cost Reports: What’s the Difference?

Selecting the appropriate report can have a significant impact on monitoring the financial health of a building project. Two of the most...

Top 6 Essential Features for Construction Management Software

Oct 265 min read

FINANCIAL MANAGEMENT

Top 6 Essential Features for Construction Management Software

Construction management software has revolutionized the way contractors and project managers handle the complexities of construction...

How to Maximize Your Construction Profit Margin

Oct 244 min read

FINANCIAL MANAGEMENT

How to Maximize Your Construction Profit Margin

As a construction business owner, one of your primary goals is to increase your profits while keeping costs under control. But how...

How to Integrate QuickBooks and JobTread for Accounting Efficiency

Oct 204 min read

FINANCIAL MANAGEMENT

How to Integrate QuickBooks and JobTread for Accounting Efficiency

To stay competitive in today's fast-paced building business, you need to keep good track of your money. Adding QuickBooks to JobTread is...

Oct 184 min read

SURETY BOND

How to Navigate the Surety Bond Claims Process in Construction

As a contractor, you’ve probably heard about the surety bond claims process , but how familiar are you with the details? You can avoid...

Oct 95 min read

SURETY BOND

Surety Bond Rates Explained: How to Get the Best Deal

When it comes to securing surety bonds, many business owners, especially contractors, are primarily concerned about the cost. How much...

Top 6 Factors to Look for When Choosing a Surety Broker

Oct 75 min read

SURETY BOND

Top 6 Factors to Look for When Choosing a Surety Broker

Choosing the right surety bond provider is one of the most critical decisions a contractor or construction business will face. The right...

Oct 35 min read

SURETY BOND

How to Renew or Update Your Construction Surety Bond

If you are a building contractor, you need to renew your construction bond every year to stay in compliance and keep your business...

How Contractors Can Maximize Bond Capacity Through Strong Internal Financials

Sep 304 min read

SURETY BOND

How Contractors Can Maximize Bond Capacity Through Strong Internal Financials

Bonding ability is a very important factor for contractors that determines what kinds of projects they can take on and how big they can...

Sep 276 min read

SURETY BOND

The Risks of Working Without a Surety Bond in Public Works

If you work on public projects, a security bond is more than just something you have to do. It's an important safety measure that keeps...

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