Mar 29, 20224 minCONSTRUCTION BOOKKEEPINGWhat are Underbillings? 5 Easy Ways to Stop Cash Flow Drain in 2023Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
Mar 23, 20224 minACCOUNTING8 Most Common Construction Accounting Mistakes That Cause CatastrophicIncorrect overhead rates create problems because they do not accurately describe the current overhead of a business
Mar 2, 20223 minCONSTRUCTION BOOKKEEPINGCalculating Cost of Goods Sold for Contractors - Expert GuideAs a contractor, you are working on many projects, whether it is a small task or a big project, it requires months, years, or even...
Nov 13, 20213 minCONSTRUCTION BOOKKEEPINGDifference Between Debtor And CreditorDebtor and Creditor are common terms when it comes to bookkeeping. Although these two terms might seem straightforward, it's important to...
Nov 11, 20213 minCONSTRUCTION BOOKKEEPINGWhat Is An Overbilling In Construction?Overbilling in construction occurs when a contractor bills for contracted labor and materials before that work is actually completed
Oct 14, 20216 minCONSTRUCTION BOOKKEEPINGHow To Improve Your Construction Company’s ProfitabilityConstruction companies do not only build structures, they head for building profits also, of course. Although most of them know how to...
Apr 20, 20212 minQUICKSBOOKS TIPS12 Job Costing Tips for QuickbooksWhether you're using jobs or sub-jobs, each one should have its own Estimate
Apr 13, 20216 minBUSINESS TIPSHow To Get Government Construction Contracts?Winning government construction contracts may be a lucrative method for business growth if your construction company is ready.
Aug 19, 20204 minACCOUNTINGCommon risks in Construction Project AccountingAfter a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...