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Construction Accounting Software: Key Features and What To Look For

Commercial contractors manage large and complicated budgets that can have slow payment rates and volatile costs. They also have to accurately allocate job costs based on specific factors such as...

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Construction Collaboration: Navigating the Intersection of Project Management and Accounting

Accounting and project teams work together to move the financial aspects of projects through to completion. Data sharing allows for concurrent review to make this possible. Teams need to share...

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What are Committed Costs in Construction Accounting?

In construction projects, managing finances can be a challenging task — but understanding committed costs can simplify the process. Committed costs refer to expenses that are guaranteed through formal agreements,...

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Understanding Construction Financial Statements

For construction firms, effectively managing financial statements is an important building block for success. These documents play a key role in tracking performance, maintaining financial health and securing future projects....

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