Get help with everything you need to know about construction payments.
The construction industry has one of the highest rates of failure of any industry. In part, that is because cash flow in construction can be so difficult to maintain. Getting...
The average time it takes for contractors to get paid stretches to nearly three months. That puts a lot of strain on a construction company’s accounts receivable (A/R). As a result,...
QuickBooks is one of the most popular accounting software options for a variety of businesses. Many construction businesses use it because of its ease of use and low cost (it...
Getting paid on a construction project is significantly more difficult than it should be. Taking steps to protect your mechanics lien rights are a step in the right direction, but...
Where your construction company’s money comes from, and where it goes is called cash flow. Cash flow is valuable information for all business owners, especially for construction businesses. An accurate...
As the area’s population grows, construction projects in Dallas are growing to keep up. That can seem like a good thing for construction companies – but periods of growth are...
In the early phases of a construction business, the business owner likely handles the construction accounting. They manage their own books, take care of accounts receivable (A/R) and payable (A/P),...
Getting paid in construction is complex. More than anywhere, that’s true in Texas, where construction law is incredibly complicated and confusing. When you add in things like retainage, change orders,...
In the construction industry, each project is different from the next. Some jobs come with an up-front deposit. Others require 15% in retainage. A year-long job may come with a...
All accounting uses the same equation—what you own (assets), what you owe (liabilities), and what’s left over. However, there are some key differences between general accounting and construction accounting that...
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