Calculating Cost of Goods Sold for Contractors - Expert Guide
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As a contractor, you are working on many projects, whether it is a small task or a big project, it requires months, years, or even...
- Feb 16, 2022
- 5 min
Everything Contractors Need to Know About Retainage
In the construction industry, managing financial intricacies like 'retainage' — a practice where a portion of the contractor's payment is...
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- Feb 9, 2022
- 5 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...
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- Dec 19, 2021
- 6 min
How to Create a Chart of Accounts for Construction Company and Contractor in 2023
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...
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- Dec 15, 2021
- 6 min
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...
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- 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...
67
- Nov 19, 2021
- 4 min
Construction Job Costing: What To Know & How It Affects Your Business
If you’re running a construction company, regardless of whether it is a general contractor subcontractor or something in between, you...
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- Nov 13, 2021
- 3 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...
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- Nov 11, 2021
- 3 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
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- Oct 14, 2021
- 6 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...
162
- Oct 1, 2021
- 6 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
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- 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...
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