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Construction Reporting

The Contractors Guide to New Revenue Recognition

There’s a new revenue standard in town. Taking effect is Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, which introduces the new “five-step model.” See what that means for you.

Construction Accounting 101: A Basic Guide for Contractors

While construction accounting and bookkeeping draws on many basic accounting principles, it has several important and distinct features. Dive in with an overview of the fundamental differences and examples, along with bonus learning resources.

The Definitive Construction Accounting Glossary

In construction, we sometimes throw around a lot of words, acronyms and alphabet soup. Find out what we've been talking about the whole time as you jump around on our Definitive Construction Accounting Glossary, and zoom in on related articles to learn even more.

The Field Guide to Construction WIP Reports

You may have heard of work-in-progress reports or been asked to help provide information for them. So what's the big deal with WIP, and why does the field need to get involved? Plus, see a sample WIP report!

QuickBooks for Contractors: 5 Reasons Why (and When) We Recommend It

QuickBooks® is among the best accounting systems for smaller companies, and for contractors just starting out, it’s a great place to begin toward an organized accounting system. While it isn’t designed for construction, it’s made to work for a wide range of businesses.

What Are the Methods of Overhead Allocation?

How do you allocate construction overhead? There are numerous methods contractors can choose from. Learn about using the rate of direct job costs, weighted proportions and more in an easy, high-level overview.