Blog | Construction Cost Accounting

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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...

Construction Balance Sheet: A How-to Guide for Owners (CFMA template)

Jun 12, 20234 min read

BOOKKEEPING & ACCOUNTING

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...

Do Bookkeepers Have Access To Bank Accounts?

Jun 12, 20234 min read

BOOKKEEPING & ACCOUNTING

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...

The 4 Essential Financial Statements for Contractors

Jun 9, 20234 min read

FINANCIAL MANAGEMENT

The 4 Essential Financial Statements for Contractors

Managing your construction business finances effectively is crucial for success and sustainability. Understanding and using the right...

Accounting for Construction Companies: 11 Mistakes & Solutions

Jun 7, 20234 min read

BOOKKEEPING & ACCOUNTING

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...

The Construction Glossary: Key Accounting Terms You Need to Know

Jun 7, 20233 min read

BOOKKEEPING & ACCOUNTING

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...

Jun 6, 20233 min read

ACCOUNTS RECEIVABLE

9 Key Accounts Receivable KPIs to Manage Construction’s Receivables

Managing cash flow is key to your success as a construction business owner. But do you know what's at its heart? It's all about mastering...

All You Need to Know About Construction Bookkeeping

Jun 4, 20234 min read

TIPS FOR CONTRACTORS

All You Need to Know About Construction Bookkeeping

Do you own a construction business? If so, you know it is a tricky task. Your role as an industry leader involves smart money management....

Top 10 Bookkeeping Questions to Ask Before Hiring a Bookkeeper

Jun 2, 20235 min read

TIPS FOR CONTRACTORS

Top 10 Bookkeeping Questions to Ask Before Hiring a Bookkeeper

Hey there, construction business owners! Ready to make your financial operations easier? Maybe you're considering hiring a bookkeeper or...

Construction Accounting: A Guide to Accounts Receivable Process Steps

May 31, 20234 min read

BOOKKEEPING & ACCOUNTING

Construction Accounting: A Guide to Accounts Receivable Process Steps

The lifeline of your construction business might just be hidden in your accounts receivable (AR). AR is the heartbeat of your cash flow...

How Contractors Save Time & Money As They Outsource Bookkeeping

May 31, 20234 min read

BOOKKEEPING & ACCOUNTING

How Contractors Save Time & Money As They Outsource Bookkeeping

Do you run a construction business and find yourself spending hours on financial management? Consider this: what if you could spend that...

How To Outsource Bookkeeping for Your Construction Business

May 29, 20234 min read

TIPS FOR CONTRACTORS

How To Outsource Bookkeeping for Your Construction Business

Construction is a busy world. Handling money in it can feel like being lost in a maze. You need to track changing costs and many...

Outsource Bookkeeping: How to Hire A Construction Bookkeeper

May 29, 20235 min read

TIPS FOR CONTRACTORS

Outsource Bookkeeping: How to Hire A Construction Bookkeeper

In the construction world, speed matters. So does precision. These factors greatly influence your profit. It can take a lot of work to...

What is a Past Due invoice? Guide for Contractors on How to Handle Late Payments

May 26, 20234 min read

TIPS FOR CONTRACTORS

What is a Past Due invoice? Guide for Contractors on How to Handle Late Payments

As a construction business owner, you handle multiple responsibilities every day. However, late customer payments can disrupt your smooth...

How to Invoice as a Contractor: Practical Tips for Effective Invoicing

May 25, 20233 min read

TIPS FOR CONTRACTORS

How to Invoice as a Contractor: Practical Tips for Effective Invoicing

Invoicing can be tough for construction business owners. This is because projects are complex and it's hard to track hours and payments....

High DSO or Low DSO? Discover Days Sales Outstanding for Construction

May 24, 20234 min read

FINANCIAL MANAGEMENT

High DSO or Low DSO? Discover Days Sales Outstanding for Construction

Cash flow management is crucial for any construction business. As the owner, you understand the importance of maintaining your finances....

DSO Demystified: An Informative Guide to Days Sales Outstanding for Construction Business Owners

May 23, 20235 min read

FINANCIAL MANAGEMENT

DSO Demystified: An Informative Guide to Days Sales Outstanding for Construction Business Owners

In the construction industry, efficient cash flow management is crucial for success. Days Sales Outstanding (DSO) is a powerful metric...

May 22, 20235 min read

ACCOUNTS RECEIVABLE

Cash Flow Woes? How the Accounts Receivable Aging Report Helps Contractors Get Paid on Time

Any business must managing and operating cash flow , but construction contractors must do so even more. With the often-lagging payment...

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