by Shane Dick | Jun 6, 2023 | Construction accounting
Construction accounting is very complex. In “regular” accounting (as I like to call it), there are debits and credits, chart of accounts, and general ledgers. Well, in our industry we have all of that, PLUS a laundry list of all the other items that we have to...
by Shane Dick | May 2, 2023 | Construction accounting
Cash flow is a normal problem for construction contractors – even in a profitable business! There are some pretty straightforward explanations for this. We have an accumulation of costs before we get the billings, so this timing difference naturally creates a...
by Shane Dick | Apr 2, 2023 | Construction accounting
Bonding is very important for our business in construction. Many of our contractors have to have a strong bonding program in order to get work. Beyond that, during times of financial instability, project owners rely on bonding for security – probably more than...
by Shane Dick | Mar 20, 2023 | Construction accounting
In the construction business especially, banking is very important. Why? Because we have natural timing differences in costs versus billing. Additionally, sometimes we need financing for larger equipment and/or a fleet of vehicles. So it should be no surprise...
by Shane Dick | Feb 12, 2023 | Construction accounting
Today, we’ve got a super quick tip to help you control your construction costs. This is especially helpful with the rising costs we’ve been seeing in...
