Aug 285 min readWIPThe Impact of WIP Report on Construction Balance SheetsA very important part of construction accounting is keeping track of work-in-progress (WIP) , which has a big impact on the bottom line...
Jun 254 min readBOOKKEEPING & ACCOUNTINGBest Practices for a Construction Balance Sheet: A Beginner's GuideUnderstanding the best practices for preparing a construction balance sheet is essential for contractors who want to maintain a clear...
Jun 12, 20234 min readBOOKKEEPING & ACCOUNTINGConstruction 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...
Apr 21, 20234 min readACCOUNTS RECEIVABLEAccounts Receivable on Balance Sheet (Free Sample for Contractors)Accounts receivable are valued and reported on the balance sheet. But what is a balance sheet anyway? A balance sheet is a financial stateme