The Impact of WIP Report on Construction Balance Sheets
A very important part of construction accounting is keeping track of work-in-progress (WIP) , which has a big impact on the bottom line...
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Jun 74 min read
Top 5 Construction Billing Methods & Key Considerations
Effective billing practices are crucial for maintaining a healthy cash flow as a contractor. It also ensures the financial success of...
88
May 34 min read
The Ultimate Checklist for Securing Your Surety Bond Application
In the world of construction, surety bonds serve as essential tools to ensure project completion and financial security. However,...
81
Apr 283 min read
Why Construction Companies Get Stuck in the Underbilling Cycle
In the competitive world of construction, managing finances accurately is as crucial as laying a strong foundation for a building. Thus,...
55
Apr 254 min read
Unlocking Surety Bond Underwriting Process: A Comprehensive Guide
Construction surety bonds play a pivotal role in the construction industry, offering financial security and peace of mind to all parties...
100
Apr 184 min read
Navigating Construction Surety Bonds: Types, Costs & Coverage
The world of construction revolves around trust and guarantees. For project owners, this means knowing the contractor they hire will...
145
Apr 154 min read
How High DSO Impacts Your Entire Construction Business
Running a construction business is no small feat. From managing projects and teams to navigating supply chains and client relationships,...
78
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...
84
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,...
262
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...
146
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...
68
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...
113
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