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Revenue Recognition in Construction: What Contractors Need to Know
Understanding revenue recognition is one of the most important aspects of running a profitable and legally compliant construction...
1 day ago6 min read
2

The Impact of Delayed Payments on Construction Revenue
Imagine finishing a large project on schedule and within budget, only to have to wait weeks or even months for payment. Delays in...
4 days ago4 min read
6

Top 5 Accounting Software Features Every Construction Business Needs
Accounting in construction is more than just recording money; it is also about understanding how to minimize costs, remain on budget, and...
Mar 215 min read
10

Common Job Costing Mistakes That Are Costing You Money
Job costing is important for any building company. It involves keeping track of how much each job costing mistakes , and it can have a...
Mar 125 min read
6

How Overhead Allocation Affects Construction Job Costing and Profitability
Maintaining control of spending is absolutely vital while running a building company. Many builders concentrate on direct expenses, such...
Mar 74 min read
4

A Beginner's Guide to the Percentage of Completion Method for Contractors
Managing your construction company's finances might be stressful. Between progress billing, task costing, and revenue recognition, it's...
Jan 244 min read
211

Best Practices for Organizing Your Construction Chart of Accounts
As a contractor or business owner in the construction field, you already know how hard it is to keep track of money. With complicated...
Jan 234 min read
160

5 Common Tax Mistakes Construction Companies Should Avoid
Running a construction company is difficult because there are so many moving pieces, from project management to financial planning. Taxes...
Jan 223 min read
21

Expense Categories 101: Simplify Your Business Accounting Today
Running a construction business comes with its unique challenges, especially when it comes to managing finances. Are you finding it hard...
Jan 213 min read
31

Why Cash Flow Analysis Is the Backbone of a Healthy Business
As a construction business owner, you’ve likely faced questions like, “Why does it feel like I’m always running out of cash despite...
Jan 214 min read
13

Top 5 Causes of Overbilling in Construction Projects
Overbilling is a common problem in the construction business. It can cause money problems, legal issues, and hurt relationships with...
Jan 174 min read
21

Maximizing Savings with Automated Invoice Processing Solutions
Managing invoicing is an important yet time-consuming aspect of running a construction company. With so many transactions, vendor...
Jan 163 min read
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