Accounting for small business owners, with just a few employees on the payroll, select products, and a limited number of transactions is often seen as a herculean administrative task. Especially for businesses operating in the construction arena, accounting can […]
The construction industry has been a growing enterprise for the past few years. By determining the efficiency of the projects and the time taken to develop them, we can determine the growth. In recent years, we have seen some technologically […]
Construction industry has a high transaction rate and the transaction amounts are pretty high as well. So it is safe to assume that frauds in construction accounting can lead to big losses. While these losses are not unheard of, it […]
Accounting procedures and practices differ according to the type of business and practices adopted by organizations across sectors. In the construction industry, firms and contractors face unique challenges when it comes to accounting, as accounting for the construction sector is […]
Progress Billing is considered to be one of the most frequently used invoicing methods for long-term contracts. Normally speaking, while making contracts there are always some upfront payments involved, somewhere around 50% of the total project, and the rest paid […]
The world has suddenly turned fancy and the universe of construction business is shining with activity. With several new players making an entry into the market, the competition no wonder has become pretty high. As such, the oldies in the […]