Understanding COGS in Construction for Financial Success
COSG stands for Cost Of Goods Sold , is one of the most important factors in a building company's financial health. COGS is an important...
top of page
Our Blogs
Search
Jul 13, 20234 min read
Construction Dispute: A Guide to Understanding and Resolving
Sadly, disputes are all too common in the construction industry. A wide array of issues can give rise to them, such as disputes over work...
54
Jul 12, 20233 min read
5 Major Types of Construction Contracts
Understanding Construction Contracts: The Bedrock of a Successful Construction Business As an experienced contractor, you're well aware...
71
Jul 10, 20233 min read
6 Effective Strategies for Contractors to Building Customer Trust
In the competitive world of construction, laying the foundation is as crucial as building trust with customers. If customers don't have...
61
Jul 7, 20232 min read
The Power of Job Order Costing: Essential Pros, Cons, and Solutions Every Contractor Should Know
Construction is about much more than the physical act of building. Effective cost management plays a huge role in this industry. Among...
102
![Sage 100 Contractor vs QuickBooks - Features & Price Comparison [2023]](https://static.wixstatic.com/media/9062d1_3c5fe7a1b0e94a8bb494fc0ebc79fb7b~mv2.png/v1/fill/w_1022,h_768,fp_0.50_0.50,q_95,enc_auto/9062d1_3c5fe7a1b0e94a8bb494fc0ebc79fb7b~mv2.png)
Jul 5, 20235 min read
Sage 100 Contractor vs QuickBooks - Features & Price Comparison [2023]
Construction businesses differ from other businesses in that they must deal with liquidity issues that other businesses do not face. It...
373
Jul 2, 20234 min read
Are You Spending Too Much? Understanding Construction Overhead Costs
If you own a building business, you probably know what "overhead cost" means. But what is an overhead cost, and why is it important in...
411
Jun 29, 20233 min read
Understanding the Benefits and Drawbacks of a Lump Sum Contract
Construction contracts are the lifeblood of your project. As a contractor, one of the biggest decisions you'll face is deciding on the...
276
Jun 25, 20235 min read
Breaking Down General Ledger in Construction Business
In the world of the construction business, a general ledger (GL) is like your financial journal. It keeps track of every penny flowing in...
410
Jun 19, 20233 min read
Construction Cost Codes: The Ultimate Guide for Project Managers
As a construction project manager, you have to handle many complex tasks, and one of the most critical ones is managing finances....
3,139
Jun 16, 20234 min read
11 Key Construction Industry Trends to Watch Out for in 2023
In the world of construction, there's always a buzz of innovation. This industry never stops evolving, bringing fresh methods, materials,...
49
Jun 15, 20234 min read
(Download CFMA Template) The Income Statement: Measuring Profit & Loss in Construction
For a construction business owner, the income statement serves as a key tool for financial evaluation. It's a financial document that...
1,140
Jun 14, 20234 min read
Understand Cash Flow Statement and Find Your Way Through Construction Finances
Are you curious about where your money goes in your construction business? Look no further than the cash flow statement. In this engaging...
194
Jun 12, 20234 min read
Construction Balance Sheet: A How-to Guide for Owners (CFMA template)
Every successful business owner knows how important it is to keep an eye on their business's finances. One indispensable tool for this...
1,976
Jun 12, 20234 min read
Do Bookkeepers Have Access To Bank Accounts?
Many construction business owners have a common question. What access should they give to their bookkeeper? It's about finding the right...
1,052
Jun 9, 20234 min read
The 4 Essential Financial Statements for Contractors
Managing your construction business finances effectively is crucial for success and sustainability. Understanding and using the right...
1,414
Jun 7, 20234 min read
Accounting for Construction Companies: 11 Mistakes & Solutions
Managing finances in the world of construction cost accounting is a bit like constructing a building. Even minor mistakes might lead to...
80
Jun 7, 20233 min read
The Construction Glossary: Key Accounting Terms You Need to Know
Understanding construction accounting can seem tough. Don't fret, though; we are here to assist you. We have put together a...
166
bottom of page