topic

Accounting

Accounting insights for construction firms—job costing, financial reporting, cash flow and bookkeeping strategies to keep contractors profitable.

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    Hiring a Construction Payroll Service

    There are few services that companies outsource more than payroll and for a good reason: payroll is time-consuming, complex and any tax errors can be potentially costly to the business.
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    Construction Metrics to Benchmark Your Financials

    Gain a competitive edge by comparing metrics.
    Read More →: Construction Metrics to Benchmark Your Financials
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    Providing Fringe Benefits in the Prevailing Wage World

    How smart contractors balance compliance, tax savings & workforce retention strategies
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    Better Next Year No. 3: Understand and Use Management-Level Reports

    Construction accounting may not be a favorite (or strong) subject among contractors, but a company’s long-term survival is dependent on the owner’s understanding of the numbers.
    Read More →: Better Next Year No. 3: Understand and Use Management-Level Reports
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    Impact of Lease Accounting Changes

    Proposed changes to lease accounting rules could have a ripple effect.
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    Accounting Software Checkup #9: Stop End-User Rejection Before it Grows

    Denial runs through many construction companies and is especially prevalent among dedicated staffers who are quick to protect their outdated accounting programs from would-be replacements.
    Read More →: Accounting Software Checkup #9: Stop End-User Rejection Before it Grows
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    Cash Flow Strategies for Contractors

    Plan ahead and manage your cash flow better to have a successful construction business.
    Read More →: Cash Flow Strategies for Contractors
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    The Consequences of Poor Change Order Practices

    In a good economy, just about anyone can make money without good business practices.
    Read More →: The Consequences of Poor Change Order Practices
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    Management Basics #6: Do You Know Your Numbers?

    Fred Ode explains the importance of knowing your numbers and being involved in your company’s finances.
    Read More →: Management Basics #6: Do You Know Your Numbers?
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    Build Overhead, Build Profit

    What steps can I take to keep growing my construction business and always make a profit?
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    Construction Financial Ratios

    How to analyze profitability, solvency & efficiency with specific metrics
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    10 Tax Tips

    Now more than ever, construction contractors face complex tax issues that strain resources and drain what may be already-shrinking profits.
    Read More →: 10 Tax Tips

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