Recent Articles

Job Costing

Job costing is a function of accounting whereby certain costs such as materials, labor, supplies and others are assigned a job identifier. This identification system allows management the ability to review costs associated with a job and evaluate performance both financial and physical. This allows for information feedback for improvement in the future.

Job Cost Reports – Balance Sheet Set

06/15/2015

Construction accounting uses job cost reports to inform management of progress and existing issues with projects.  There are several different sets of reports.  The balance sheet set functions as an overall financial picture for the company.  The [...]

Branching Out in Construction

05/05/2015

When you own a small construction company many people depend on you.  There is your family, employees and subcontractors.  A typical $2,000,000 per year operation will have upwards of 20 people dependent on the contractor for their livelihood.  [...]

Project Accounting – Introduction and Value

10/17/2014

In the world of accounting, project accounting is a subset of financial accounting.  Many folks believe it is a form of cost accounting and it is not.  Cost accounting is more formally a function of manufacturing and deals with large quantities of [...]