top of page
Our Blogs
Search

How to Avoid Bond Claims and Financial Penalties
As a contractor, you work hard to finish jobs, manage cash flow, and keep your company going smoothly. However, bond claims and financial...
2 days ago4 min read
0

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

How to Forecast Construction Revenue for Better Business Planning
For construction companies to stay on top of their finances, plan ahead, and make the best use of their resources, they need to be able...
Mar 204 min read
2

Understanding the 3 Key Financial Statements in Construction Accounting
It's important to have a good idea of your finances when running a construction business. It's not enough to just keep track of your...
Mar 185 min read
4

How to Use Financial Statements to Secure Construction Business Loans
Running a construction business requires significant cash flow to cover materials, labor, and equipment costs. However, many contractors...
Mar 133 min read
6

8 Inventory Management Best Practices for Small Businesses
Effective inventory management can make or break a small business. From tracking stock to minimizing costs, staying on top of inventory...
Jan 225 min read
21

Top Strategies for Efficient Construction Inventory Control
Efficient construction inventory control  is an essential component of successful project management. Materials mismanagement can result...
Jan 154 min read
8

How to Prevent Negative Liability on Your Construction Balance Sheet
Negative liability  is one of the most misunderstood terms in construction accounting, but it can have serious repercussions on your...
Jan 113 min read
40

Accounts Payable Reconciliation: A Step-by-Step Guide
Contractors and construction firm owners must efficiently manage their accounts payable. Whether you're handling vendor bills, tracking...
Jan 73 min read
21

The Percentage of Completion Method in Construction: Benefits and Calculations
Knowing the percentage of completion approach is essential for precise financial management. This revenue recognition technique gives...
Nov 23, 20245 min read
432


WIP Reports vs. Job Cost Reports: What’s the Difference?
Selecting the appropriate report can have a significant impact on monitoring the financial health of a building project. Two of the most...
Oct 29, 20245 min read
109


How to Maximize Your Construction Profit Margin
As a construction business owner, one of your primary goals is to increase your profits while keeping costs under control. But how...
Oct 24, 20244 min read
26
bottom of page