A $750 Billion industry encompassing home construction to industrial development. This section is dedicated to residential and light commercial construction.
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 […]
Within the residential construction industry is a subset referred to as ‘Trades’. Within this group exists one particular trade that has its own set of business dynamics. Roofers depend heavily on labor to accomplish their […]
In the construction industry, remodelers face a different set of criteria than your traditional new home builder. Because of these issues the markup percentage on costs is generally much higher than other forms of construction. […]
An interesting question was posed to me by a reader in the construction industry. In his company the costs go directly to the Profit and Loss Statement via cost codes with QuickBooks. Naturally he has […]
In construction accounting accountants and bookkeepers use certain terms and there are distinct meanings associated with these terms. This article is designed to introduce beginner accountants and contractors to these terms from the perspective of […]
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 […]