by Shane Dick | Sep 3, 2023 | Construction accounting
Running a construction business efficiently requires more than just the ability to build, manage projects, and satisfy clients. A solid understanding of construction accounting is crucial for making informed financial decisions, ensuring profitability, and maintaining...
by Shane Dick | Aug 1, 2023 | Construction accounting
Everyone knows that building material costs have been rising like crazy. According to information at a recent conference I attended, these costs went up 21% in the year 2021! When we put our estimates together and then go to actually do the job, if our costs...
by Shane Dick | Jul 4, 2023 | Construction accounting
Have you ever found yourself wondering if you need a CFO? Here’s a quick overview of five reasons why it’s really handy to have one on your side! Job Profitability When you have a CFO, they can help you align your costs with your estimating and really create that...
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...
