Cash flow management is a constant challenge for construction businesses of all sizes. Contractors must know how to manage cash flow well to succeed, and a big part of that is identifying mistakes that compromise cash flow as they happen — and then addressing them right away. Here's how.
Discover what a construction capability statement is, how it's used and what it looks like with a free sample for small business contractors. Get started writing yours!
In today’s competitive environment, it takes a great deal of project management finesse and scheduling magic to deliver projects on time and within budget. The main challenge lies in the allocation of a company’s resources, which are finite and constrained by time and cost.
With the challenge of keeping job costs and financial analysis precise through narrow profit margins, it’s no wonder that numerous contractors turn to outside help to manage it. But who are these "CPA" people, and what do they have to do with you?
Many contractors have enjoyed American Contractor as industry-leading software and would love to continue using for years into the future. Today, one option is to convert their data over to FOUNDATION construction accounting software. So just what would that look like?
Check out these contractor-favorite books that can help you avoid those common construction management pitfalls. Regardless of if you’re an industry newbie or veteran, construction management is hard. Learn from the best!
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.
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!
Construction is one of the top industries for startups. It also has one of the highest rates of failure. See how researching your market, drafting a plan and getting help can ensure you have a strong foundation to grow your business on.
Whether you recognize revenue with the cash method or the accrual method is all about knowing how much cash you have and when — plus how much the IRS gets!