Many contractors' success is determined by their ability to analyze working capital turnover. In this article, after a brief review of...

If you’re a small business owner, you’re likely to receive cash payments from your customers for delivering products or services. And if...

Whether you operate a construction or service business, it’s important to have a proper chart of accounts (COA) under your belt to assess...

In this guide, we discuss what construction work in progress (WIP) is, why work in progress reports are important, how to create WIP...

Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...

Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...

Indirect costs in construction can often be the silent profit killers, creeping in without much fanfare and eating away at the profit...

As a contractor, we understand you may show no interest in accounts payable, overpaying bills is often the last thing a business owner...

It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke about why...

One of the most common reasons contractors and subcontractors become insolvent is they run out of cash. In the construction industry, you...

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)...

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