Cash Flow Problems Best Found In Construction
Cash flow problems are common in the construction industry. The greatest way to prepare for success is to KNOW the issue and AVOID the issue
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Hannah Nguyen
- Jun 14, 2022
- 2 min
4 Core Accounting Software Benefits for Construction Companies
Accounting software is used by many small business owners in multiple industries, construction is no exception. However, the construction...
125 views0 comments
Hannah Nguyen
- May 20, 2022
- 2 min
All About Sage 100 Contractor - Why You Need to Switch to It
Sage 100 Contractor software is a construction management and accounting software designed to help construction contractors manage their...
167 views0 comments
Hannah Nguyen
- May 18, 2022
- 3 min
QuickBooks vs Sage 100: Which is The Best For Your Construction Company
It’s becoming confusing to choose the right accounting software for your business when there are an overwhelming number of ERP software...
252 views0 comments
Hannah Nguyen
- Apr 14, 2022
- 2 min
Construction Revenue Recognition: Completed Contract Vs Percentage of Completion Method
Whatever industry you are in, your business is required to choose an accounting method to report income and expenses. In construction,...
97 views0 comments
Miley Nguyen
- Mar 29, 2022
- 4 min
What are Underbillings? 5 Easy Ways to Stop Cash Flow Drain
Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
1,050 views0 comments
Hannah Nguyen
- Mar 23, 2022
- 4 min
8 Most Common Construction Accounting Mistakes That Cause Catastrophic
Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business
314 views0 comments
Hannah Nguyen
- Mar 18, 2022
- 8 min
Construction Billing Methods: Never Waiting on Unpaid Billing
When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.
209 views0 comments
Hannah Nguyen
- Feb 16, 2022
- 4 min
Everything Contractors Need to Know About Retainage
Construction is one of the hardest industries to manage cash flow in. For many projects, general contractors and subcontractors often...
35 views0 comments
Hannah Nguyen
- Feb 9, 2022
- 4 min
What is Progress Billing? How to Implement and Why You Should Use It
Many businesses undertake long-lasting projects with substantial budgets but struggle to find an effective way to invoice customers. Many...
693 views0 comments
Hannah Nguyen
- Dec 19, 2021
- 5 min
How to Create a Chart of Accounts for Construction Company and Contractor
Keeping track of all money moving in and out of your construction business can be challenging and time-consuming, that is why you need to...
3,527 views0 comments
Hannah Nguyen
- Dec 15, 2021
- 2 min
5 Successful Construction Bookkeeping Tips That Save You Countless Hours
Bookkeeping can be one of the most daunting processes when you’re running your own business. Maintaining accurate records of financial...
92 views0 comments
Hannah Nguyen
- Dec 13, 2021
- 3 min
Cash and Accrual Accounting: Which Is Best for Your Small Business?
As a small business owner, you may be passionate about all aspects of developing your business, but it may not include accounting. There...
32 views0 comments
Kieu Nga
- Nov 13, 2021
- 2 min
Difference Between Debtor And Creditor
Debtor and Creditor are common terms when it comes to bookkeeping. Although these two terms might seem straightforward, it's important to...
29 views1 comment
Tammy Hoang
- Nov 11, 2021
- 1 min
What Is An Overbilling In Construction?
Overbilling in construction occurs when a contractor bills for contracted labor and materials before that work is actually completed
444 views0 comments
Miley Nguyen
- Oct 14, 2021
- 5 min
How To Improve Your Construction Company’s Profitability
Construction companies do not only build structures, they head for building profits also, of course. Although most of them know how to...
59 views0 comments
Miley Nguyen
- Oct 1, 2021
- 1 min
Construction Project: 10 Sure-Fire Ways to Get Paid Faster in Construction
Construction Project: 10 Sure-Fire Ways to Get Paid Faster in Construction
22 views0 comments
Miley Nguyen
- Jun 3, 2021
- 4 min
How Does a Construction Company Improve Its Accounts Payable?
In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...
54 views0 comments
Miley Nguyen
- May 18, 2021
- 3 min
3 Most Common Causes of Cost Overruns in Construction Projects
It's crucial to consider the source of cost overruns in building projects before figuring out how to deal with them.
197 views0 comments
Miley Nguyen
- Apr 20, 2021
- 2 min
12 Job Costing Tips for Quickbooks
Whether you're using jobs or sub-jobs, each one should have its own Estimate
90 views0 comments