A risk management strategy is required for any project, no matter how large or small.

Job costing means income and expenses tracking by a job, and then comparing its actual amount to its estimated amount.

Whether you're using QuickBooks Desktop or QuickBooks Online, managing bad debts is crucial to maintaining accurate financial records. In...

it is essential for you to write off the uncollectible invoices.

Overbilling can become an issue and may lead to a situation called “job borrow”

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

Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.

Net Income, also called Net Profit or net earnings, is a concrete concept.

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...

If you're in the construction industry, the importance of efficiently managing cash flow is likely a familiar topic. After all,...

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

Starting a small construction business is not a walk in the park, especially if you're juggling fewer than 20 employees. Like many small...