What are Underbillings? 5 Easy Ways to Stop Cash Flow Drain in 2023
Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
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Mar 23, 20224 min read
8 Most Common Construction Accounting Mistakes That Cause Catastrophic
Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business
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Mar 2, 20223 min read
Calculating Cost of Goods Sold for Contractors - Expert Guide
As a contractor, you are working on many projects, whether it is a small task or a big project, it requires months, years, or even...
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Nov 13, 20213 min read
Difference Between Debtor And Creditor
Debtor and Creditor are common terms when it comes to bookkeeping. Although these two terms might seem straightforward, it's important to...
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Nov 11, 20213 min read
What Is An Overbilling In Construction?
Overbilling in construction occurs when a contractor bills for contracted labor and materials before that work is actually completed
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Oct 14, 20216 min read
How To Improve Your Construction Company’s Profitability
Construction companies do not only build structures, they head for building profits also, of course. Although most of them know how to...
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Apr 20, 20212 min read
12 Job Costing Tips for Quickbooks
Whether you're using jobs or sub-jobs, each one should have its own Estimate
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Apr 13, 20216 min read
How To Get Government Construction Contracts?
Winning government construction contracts may be a lucrative method for business growth if your construction company is ready.
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Aug 19, 20204 min read
Common risks in Construction Project Accounting
After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...
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