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Category: Accounting

Multi-Entity Accounting for Contractors

Contractors don’t always plan to run multiple entities. Each one gets created for a good reason, and the finance team inherits intercompany balances that never agree.

How Is Construction Accounting Actually Different from Regular Accounting?

Illustration depicting a balance scale showing two professions on each side. On the left side of the scale, a businessman is standing beside a large calculator and bar chart while holding documents, representing traditional business accounting methods. On the right side of the scale, a construction worker wearing a hard hat is using a tablet next to construction elements like a wheelbarrow and traffic cone, symbolizing accounting practices in the construction industry. Coins are scattered below both figures to emphasize financial aspects.

When thinking about the difference between construction accounting and regular accounting,  you’re likely to consider the challenges of the construction industry such as managing cash flow, cost overruns, and compliance.  While those are all valid reasons, there are other distinctions that may not be considered when discussing the differences between construction accounting and regular accounting, […]

How to Record Construction Accounting

Alt text: Mechanical contractor wearing a hard hat, working on a laptop displaying finance-related icons such as receipts, calculator and dollar sign for construction financial management.

Learn how to record accurate accounting for a construction company. From setting up a chart of accounts to job costing, this blog discusses how to produce reliable and timely accounting data.

Construction Technology Trends

construction environment.

What are the Modern Construction Technology Trends? The construction industry is undergoing a significant transformation. Innovations, economic uncertainty, construction workforce shortages, and other factors have forced service and construction companies to change the way they work and deliver their projects.  We can expect to see an increased application of technology trends in the industry. Here […]