Accounting & Finance

Construction Accounting & Finance

Effectively managing the accounting and finacial function of your construction company is critical to gain a successful, profitable business. Our articles from industry experts provide information on a range of subjects in construction accounting including: applying the percentage-of-completion method or completed contract method, job costing, improving cash flow and managing debt, reducing overhead, understanding financials, implementing tax strategies, performing audits, building equity and wealth, implementing a construction accounting program, using construction accounting software, and hiring a payroll provider.

Tips to Improve Cash Flow in Construction Projects

Written by John Meibers

Cash flow has always been a top concern for contractors. But today's lower work volume, smaller margins and tighter credit standards have made it more important than ever to put solid policies and procedures in place to collect timely payments.

Tags: 2010 July Issue , accounting , accounting and finance , Cash Flow

Choosing Surety Bond Producers and Surety Companies

Written by Marc Ramsey

Click here for information on different types of bonds.

It's brutal out there. Private nonresidential construction put in place was down 24.3 percent in February 2010 over February 2009, according to the U.S. Census Bureau. Eight out of eleven sectors from lodging to manufacturing experienced double-digit declines in construction spending during this period. Competition is stiff for the few jobs out there.

Tags: 2010 June issue , accounting and finance , surety