Tag: Construction

As you're no doubt aware, accounting for builders is challenging. Construction companies tend to have unstable workforces, wage rates that can change by location, and multiple ongoing projects with various costs and durations. Here are Read More

From the Great Recession of more than a decade ago to the ongoing COVID-19 pandemic, construction companies have endured some tough lessons over the years. To help you avoid learning some things the hard way, Read More

Processing payroll is a critical administrative task that directly ties to your construction company's labor costs, profits and ability to comply with labor laws. Yet staying on top of payroll can be daunting. Depending on Read More

Buying another construction firm can be an attractive way to grow your company's revenue base. A merger or an acquisition can allow you to: Add a new subcontracting specialty, Acquire an experienced labor force to Read More

The primary focus of most contractors is to complete projects according to specifications, on time and on budget. For some construction businesses, accounting tasks that support jobs can take a backseat. Unfortunately, without accurate and Read More

Construction payroll can be complex, but with the right system in place, it doesn't have to be stressful. Up-to-date payroll solution generally saves money by preventing costly math mistakes and helping you manage payroll taxes. Read More

Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work and the unpredictability of an invoice-based business. Both can disrupt cash flow and make collecting and paying Read More

Construction accounting is different from the accounting practices of businesses that use only a general ledger. Because construction companies perform contract work and take on invoice-based jobs of varying sizes and durations, they must treat Read More

It's the fourth quarter of 2020, and the COVID-19 pandemic continues to affect the construction industry. Project delays, work stoppages, supply chain disruption and lost productivity remains a reality for many contractors. All of this Read More