When done properly, job costing helps construction managers and accountants predict costs and assess project budgets more precisely. Speaking of which, job costing concerns itself with 2 types of costs…

Because the pay application process is complicated, many contractors avoid doing it more often than monthly. Yet, it’s one of the things that construction accountants recommend to improve financial outcomes…

You’ll want to include a description of each transaction, the date of the transaction, and the revenue received. First and foremost, construction bookkeeping provides contractors with accurate and up-to-date financial…

Also called fixed-price contracts, where the parties agree on a fixed price for all the materials and labor for an entire project or phase. Just as you have project managers…

The installment method is usually used when your client makes payments over time. In these cases, there’s a risk that you won’t collect the full payment, so it’s wise to…

Construction management software is essential for managing complex construction projects. While G&A costs are not directly tied to specific jobs, they must still be accounted for within the overall financial…