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.

Without Job Costing, Construction Business Owners Operate Blindly

Written by Leslie Guajardo

Despite the many financial risks contractors face, some still do not implement thorough job-costing procedures. For them, job costing is something only the largest and wealthiest firms can afford-a misconception that partly explains why so many construction companies go under.

Tags: accounting , financial

What Will 2009 Mean to the Surety Industry and Your Ability to Secure Bonds?

Written by Michael Strahan

Calendar year 2009 was indeed an interesting year for the construction community, and there is no doubt 2010 will be challenging as well with continued aggressive competition and increasing scrutiny from the surety community. Understanding what has gotten us to this point, what is in store for the surety community in 2010, and how you may actually be able to benefit from the surety industry's upcoming difficulties will be helpful to know.

Tags: economy , financial

Taxes and Planning in 2010 for Your Construction Business

Written by Adam Polakov

There has been a flurry of tax-related legislation since President Obama took the oath of office. On February 17, 2009, the President signed the American Recovery and Reinvestment Act of 2009 (ARRA), a $790 billion stimulus package intended to spur the American economy.

Tags: 2010 January Issue , accounting , financial

Prepare for Your Construction Business Year-End

Written by Fred Ode
Q: Is there any way I can better prepare for our business year-end? As the accounting manager at a multi-state contracting company, I rarely get to enjoy the holiday season because it's tied to the frantic work of gathering tax and financial statement information, preparing payroll returns, W2s, 1099s and so on. And that's on top of my busy daily workload. I start the process earlier each year, but it just seems to take longer and longer. Help... my nickname around here is Scrooge! Tags: 2009 December Issue , accounting , management , technology
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