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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…

Build tailored financial dashboards providing granular insights into construction bookkeeping any area of your construction business. Construction bookkeeping is unique because of the nature of the business, so it’s even…

Choosing the right software for your construction company requires understanding your unique needs and selecting a solution that can grow with your business. This section provides tailored recommendations for small,…

This section will equip you with essential tax tips to optimize your financial strategy and solidify your foundation. By leveraging digital invoice capture and automated approval workflows, you can streamline…

Doing so allows you to easily retrieve any document whenever you need it, save time and effort searching through paper files, and ensure that all your records are up-to-date and…