by Shane Dick | Jan 3, 2024 | Construction accounting
As a construction business owner, one of the key components of managing your finances effectively is developing an overhead budget. An overhead budget helps you understand and control the costs associated with running your business, allowing you to make informed...
by Shane Dick | Dec 3, 2023 | Construction accounting
Running a successful construction business requires a careful balance between revenue generation and cost control. One area of worry for many construction companies is overhead costs. By implementing effective cost-measuring and cost-cutting strategies, construction...
by Shane Dick | Nov 3, 2023 | Construction accounting
In the construction industry, accurately tracking project progress and effectively managing finances are critical to ensuring the success and profitability of a business. One method that can greatly support construction companies in this aspect is percent-complete...
by Shane Dick | Oct 3, 2023 | Construction accounting
As a construction contractor, effectively managing your accounts receivable is crucial for maintaining financial stability and maximizing profitability. Delayed or unpaid invoices can create cash flow challenges and hinder your ability to meet financial obligations....
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...
