Posts Categorized By: Blog

If you run payroll for union crews, you know it’s not as simple as multiplying hours by a pay rate. Union construction payroll comes with extra layers including fringe benefits, dues deductions, and rules set by collective bargaining agreements (CBA). Add in reporting deadlines to unions, and union payroll gets the

When you get to the end of a project most contractors are happy to close the books, except of course, if you finish a job and review the numbers only to realize that somehow you made less than you expected, or even worse, you lost

If you’re considering whether to bid on any government funded project, you know that you’ll have to stay compliant with certified payroll requirements. But what are the requirements and how can you make sure your company meets these obligations?   Our blog outlines in simple terms what payroll stipulations you can

Percentage of Completion Revenue Recognition for Contractors Imagine your construction company is 50% complete on a 14-month commercial build. Your crews are working hard, materials are arriving, subcontractors are submitting invoices, but are you actually earning money yet?  The answer depends on how your company handles revenue recognition. If

6 Signs You Need Construction-Specific Software   When you start a construction business, it makes a lot of sense to use QuickBooks as your accounting software. It’s affordable, easy to set up, and it helps you keep track of the numbers for your growing business. QuickBooks will track income

Construction business owners are great at building things, but reading financial statements doesn’t always come as naturally. Unfortunately, if you’re not reviewing the right construction financial reports every month, you could be losing money without even knowing it.  The good news is you don’t need to be a CPA to