Which way to record PPP properly in QuickBooks Software
Now, we hope that you have received PPP funds to support the business. It is time to think about what you should do after receiving the...
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Jun 1, 20203 min read
Accounts Payable Process in Construction Accounting
Managing money is a crucial part of construction work. In this business, a lot of attention is paid to 'accounts payable.' This term...
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May 31, 20205 min read
Construction Accounting Basis - What are Accounts Payable?
As a seasoned contractor, you understand the complexities of running a construction business. It's not just about managing projects and...
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May 24, 20203 min read
What Is a Budget? Why It's Important To Set Up Budget?
1. What is Budgeting? What is a Budget? Budgeting is the process of creating a plan to spend your money. This spending plan is called a...
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May 5, 20202 min read
How Long For Contractors To Keep Tax Records?
IRS rule of thumb is you can keep tax records for 3 yeas if you file every year reported all income and has not done anything fraudulent,
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Apr 9, 20205 min read
Key Differences Between Construction Accounting vs. Regular Accounting
It can be said that accounting is a necessary part of every business to ensure the financial matters of the company. However, we need to...
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Apr 8, 20203 min read
What Is Underbill? What Makes Contractor Underbill On Their Projects?
In the Percentage of Completion Project Accounting, 2 terms are frequently used: over-billing and under-billing. Underbilling represents...
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Feb 13, 20204 min read
What Can Be Your Mistakes When Using QuickBooks?
As a contractor, managing your finances can be a daunting task. QuickBooks, a leading software in bookkeeping and accounting, promises to...
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Nov 15, 20191 min read
Lump Sum Billing in QuickBooks Desktop
Do you often lost track of your invoices and billing statements? In just 7 minutes, you'll learn how to manage your billing by using...
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Nov 8, 20192 min read
Is Your Business at Risk? 4 Accounting Mistakes You Should Avoid
Keeping track of the financial status is crucial not only for construction firms but also for every industry. There are four key elements...
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Nov 1, 20194 min read
QuickBooks Progress Invoicing for Construction: A Detailed Overview
Do you manage a construction business? If so, you likely deal with many financial tasks. These tasks need close attention to detail. One...
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Aug 12, 20192 min read
Direct Vs. Indirect Costs In Construction Industry
Direct and Indirect costs are the costs and expenses that are resulting from the use of principal components for implementing...
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