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Construction Industry Best Practices in Internal Controls

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 is best to avoid any misdoings at all costs. With the current economic situation, people […]

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The Basics of Construction Accounting

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 construction sector is different from the regular accounting practices. Construction industry does not have any fixed business structure with […]

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All You Need to Know About Progress Billing

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 after its completion. To pay an amount this substantial before the work is yet to […]

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Bring the Odds at your End, Automate Construction Accounting Today!

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 market are facing dire straits and the new entrants are struggling to survive. In the […]

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