by Shane Dick | Jun 10, 2025 | Construction accounting
Most contractors have heard of a WIP report (Work-in-Progress), and many even have one. But few truly know how to read it—or how much it can reveal about the financial health of their business. We like to call it the One Report to Rule Them All (Melissa’s favorite, if...
by Shane Dick | May 13, 2025 | Construction accounting
For construction contractors, the Balance Sheet isn’t just a formal accounting report—it’s a powerful tool that shows the financial strength of your company and determines whether outside partners like bankers and bonding agents will take you seriously. But here’s the...
by Shane Dick | Aug 6, 2024 | Construction accounting
When you think about success in the construction industry, what comes to mind? It’s often visions of well-executed projects, satisfied clients, and a thriving business. While these are essential elements, there’s another critical factor that can make or...
by Shane Dick | Jul 2, 2024 | Construction accounting
Running a successful construction business requires not only expert project management skills but also a solid financial foundation. Whether you’re just starting out or looking to improve your existing business, setting up your construction company for financial...
by Shane Dick | Jun 4, 2024 | Construction accounting
Running a construction business requires a delicate balance between managing operations, overseeing projects, and ensuring financial stability. However, for many construction business owners who lack in-house financial expertise, this task becomes challenging....
by Shane Dick | May 7, 2024 | Construction accounting
As a construction business owner, one of your significant investments is the construction equipment you acquire. Depreciation is a natural and necessary expense when a company purchases these long-term construction assets. Understanding depreciation is crucial for...
