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How to Forecast Construction Revenue for Better Business Planning
For construction companies to stay on top of their finances, plan ahead, and make the best use of their resources, they need to be able...
5 days ago4 min read
2

Understanding the 3 Key Financial Statements in Construction Accounting
It's important to have a good idea of your finances when running a construction business. It's not enough to just keep track of your...
Mar 185 min read
3

How to Create Effective Construction Cost Codes for Maximum Profitability
If you’re a construction business owner, you probably know that keeping track of job costs is one of the biggest challenges. Without a...
Mar 175 min read
2

How to Use Financial Statements to Secure Construction Business Loans
Running a construction business requires significant cash flow to cover materials, labor, and equipment costs. However, many contractors...
Mar 133 min read
6

Cost of Goods Sold (COGS) in Construction: What It Is & How to Calculate
In the construction sector, Cost of Goods Sold (COGS) is an important factor in determining your company's profitability. As a...
Mar 54 min read
43

Best Practices for Organizing Your Construction Chart of Accounts
As a contractor or business owner in the construction field, you already know how hard it is to keep track of money. With complicated...
Jan 234 min read
156

Why Cash Flow Analysis Is the Backbone of a Healthy Business
As a construction business owner, you’ve likely faced questions like, “Why does it feel like I’m always running out of cash despite...
Jan 214 min read
13

Top 5 Causes of Overbilling in Construction Projects
Overbilling is a common problem in the construction business. It can cause money problems, legal issues, and hurt relationships with...
Jan 174 min read
21

Top Strategies for Efficient Construction Inventory Control
Efficient construction inventory control  is an essential component of successful project management. Materials mismanagement can result...
Jan 154 min read
8

Construction Payroll Demystified: Key Challenges and Solutions
Managing construction payroll  can seem like a full-time job on its own. Tracking time, complying with rules, and assuring correct job...
Jan 143 min read
5

Top 5 Accounting Software Benefits for Modern Construction Firms
Managing finances in the construction industry is no small feat. With multiple projects, varying costs, and tight deadlines, staying on...
Jan 134 min read
9

How to Prevent Negative Liability on Your Construction Balance Sheet
Negative liability  is one of the most misunderstood terms in construction accounting, but it can have serious repercussions on your...
Jan 113 min read
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