To take the small construction company to the next level of financial success, you must implement cost accounting. This article is one in a series designed to illustrate how you implement cost accounting in a small construction business. The first step in this process is design a file structure. This includes creating a project numbering format, identifying classes of construction, and finally developing a phase breakout of your project work.
Over the last 17 years I have become a fan of QuickBooks over other accounting software. Having been involved in construction accounting, I have set up over 9 different construction clients on this software. Overall it […]