How To Build The Chart of Accounts For A Construction Company
Whether you operate a construction or service business, it’s important to have a proper chart of accounts (COA) under your belt to assess...
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May 29, 20223 min read
7 Proper Bookkeeping Tips for Contractors
Accounting and bookkeeping for construction companies are a bit different than those for other industries. Construction companies face a...
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May 19, 20222 min read
3 Reasons To Move From QuickBooks To Sage 100 Contractor
Sage 100 Contractor is a better solution that fully supports your construction company as it grew and expanded. 5 keys to convert from Quick
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May 12, 20223 min read
Should You Outsource Construction Bookkeeping Services?
Bookkeeping is much like going to the dentist - no one really wants to take time out to do it but neglection could lead to repercussions...
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May 12, 20226 min read
Your Best Guide for Construction Accounting Software in 2023
Are you in the construction industry? If so, you might have seen that keeping track of everything is a big job. There is takeoff,...
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May 4, 20226 min read
Construction Accounting 101 – Guide for Small Business Owners
Accounting is one of the most important parts of business management and administration. In the construction industry, contractors face...
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Apr 15, 20224 min read
Work in Progress Construction - Ways to Keep Projects Profitable and On-Track
In this guide, we discuss what construction work in progress (WIP) is, why work in progress reports are important, how to create WIP...
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Apr 14, 20223 min read
5 Year-End Tax Strategies for Construction Companies
Working in the construction industry requires meticulous attention to tax details when you have to invest in tax planning throughout the...
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Apr 5, 20225 min read
4 Tips for Effectively Managing Accounts Receivable in Construction
Managing accounts receivable in your construction business can be tough. The construction industry is notorious for delayed payments and...
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Mar 29, 20223 min read
Construction Accounting: Cash Vs Accrual Accounting
Cash basis accounting is a method of accounting in which income and expenses are recognized when cash is receivable or expenses
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Mar 24, 20224 min read
Construction Overhead Costs: Key Difference Between Direct & Indirect
Overhead costs are all costs associated with any construction or renovation project, and they make up generally a substantial portion of...
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Mar 22, 20222 min read
Working Capital Construction and Why It Becomes a Key Benchmark
Working capital gives a span shot of a company’s financial health. In fact, it has become a powerful benchmark to evaluate how...
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Mar 18, 20225 min read
Construction Indirect Costs: Your Guide to Streamlining Finances
Indirect costs in construction can often be the silent profit killers, creeping in without much fanfare and eating away at the profit...
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Mar 14, 20224 min read
4 Ways to Improve Construction Accounts Payable Process
As a contractor, we understand you may show no interest in accounts payable, overpaying bills is often the last thing a business owner...
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Mar 11, 20224 min read
4 Keys to Improve Construction Profit Margin
It's believed that the average profit margin for the construction industry is too low. Those in other industries often joke about why...
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Mar 1, 20222 min read
Job Costing vs Process Costing: 10 Key Differences
Job costing and process costing are primary accounting methods. As a business owner, understanding each one is important to determine...
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Feb 22, 20223 min read
Job Cost Tracking in Sage 100 Contractors
In this part, we’ll take you through the importance of job cost tracking and, especially, how to do it properly with Sage 100 Contractor....
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Feb 18, 20224 min read
The Basics of Contractor Invoice: How to Get Paid Faster
In the construction business, cash flow is as crucial to your success as bricks are to a building project. Effective invoicing can't be...
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