Construction accounting is unique because the industry has many specialized processes and working methods. Construction companies earn money by completing a series of projects that are site based, always changing, and which may last for months or years. That means the finances of construction companies
Read MoreEverything You Need to Know About Cloud Based Construction Software: A Guide to Cloud Construction Software
Cloud based construction software allows you to store and access information over the internet, instead of relying on the information on your company’s server. Increasingly construction companies are using cloud computing to improve efficiency, streamline processes, and manage their data more easily. An additional benefit is
Read MoreHow to Use Time Tracking Software to Make Your Construction Business More Efficient
One of the key tools to managing the work on your job sites is time tracking software for construction companies. Working remotely is a fact of life for construction companies and working productively despite distances between the office and the job site, shouldn’t be an
Read MoreHow to Use Construction Reporting & Construction Analytics to Keep Your Business Thriving
Robust, clear construction reporting can help construction companies boost their success. Everyone knows construction projects produce a lot of data from many different sources. All that information can pile up. Multiple data formats and the fast pace of construction projects mean that it’s increasingly
Read MoreComplete Guide to Document Management for Construction
Poor document management can negatively impact your construction business. Without an organized, easy to understand system for managing your construction documents, your team could waste time looking for documents they need to do their jobs well. And since time is money, fruitless searching for
Read MoreConstruction Invoicing Best Practices to Keep Your Cash Flow Positive
Accurate and timely construction invoicing is essential for every financially healthy construction company. Prompt construction billing helps contractors thrive in an industry that is notorious for its high overhead costs as well as for slow payments. If you can’t keep ahead of your invoicing, you
Read MoreWhat is Job Costing and Why Does it Matter in Construction Accounting
What is Job Costing and Why Does it Matter in Construction Accounting Construction job costing is how contractors track the cumulative total of costs on a particular project. Job cost accounting is the process of assigning expenses to specific projects so that actual costs can
Read MoreConstruction Accounting Basics for Every Contractor
1. What is Construction Accounting Construction accounting is unique compared with other industries. While it follows the same foundational standards of general accounting, there are specialized processes and methods in construction accounting that help contractors to track the finances for each project alongside the results
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