6 min read

Job Costing Advantages & Disadvantages: Is It Right for Your Construction Company?

By Aaron Sullivan on Jan 23, 2020 2:45:00 PM

Owning a company is like owning anything else: you love some aspects of it, and you despise others. We hear about the best and worst parts of ownership/leadership all the time, and everyone seems to agree that the worst part is managing accounting. (The best parts? Autonomy and office snacks, obviously.)

Topics: construction accounting construction bookkeeping
7 min read

What Percentage of Construction Costs Is Labor? Pricing Your Bids Correctly

By Aaron Sullivan on Dec 17, 2019 12:10:16 PM

Sometimes there’s truth to the old adage that if you want something done right, you do it yourself. And usually that’s when you’re working on a passion project that requires your own individual creativity. But smart business owners with growth mindsets know that delegating is actually one of the most important skills they could have.

Topics: construction accounting construction bookkeeping construction labor cost percent how to calculate labor cost formula listen on the go
6 min read

Accounting for Your Construction Company: Common Mistakes to Avoid

By Aaron Sullivan on Dec 5, 2019 3:29:09 PM

No matter what industry you’re in, accounting is one of those critical tasks that requires diligence and attention to detail. Needless to say, it’s not usually the favorite activity for most business owners or managers. Accounting for a construction company is even more complicated and often cumbersome. There are so many details, departments, and partners to consider that it’s a wonder anyone does it correctly at all!

Topics: accounting mistakes construction accounting automated accounting solutions construction bookkeeping
7 min read

Job Costing for Construction: What It Is & How It Helps

By Aaron Sullivan on Nov 6, 2019 2:45:00 PM

There are a lot of responsibilities that come with running a successful construction business, but job costing is one of the most important. It's sort of like planning out your grocery list for Thanksgiving dinner...you want to get just the right amounts of everything without breaking the bank. And like planning the perfect holiday fête, when done correctly, job costing can ensure your construction business is successful while keeping surprises to a minimum.

Topics: automated bookkeeping bookkeeping tips construction accounting job costing
6 min read

How to Plan and Create a Construction Budgeting Analysis In 4 Steps

By Jess King on Oct 24, 2019 2:57:49 PM

Lincoln Logs, Legos, K'Nex, Erector Sets—remember how fun it was to create the structure of your dreams with any one of these building toys? As long as you had enough pieces, the possibilities seemed endless. And the best part was that you didn't need to create a construction budget or put anything down in order to bring your dream to life...just a vivid imagination!

Topics: construction accounting construction bookkeeping listen on the go Construction Budget
7 min read

Construction Accounting Basics for Contractors

By Aaron Sullivan on Oct 10, 2019 2:28:07 PM

A day in the life of a contractor is a busy one. You’re up early to answer emails and sort through paperwork before heading to a jobsite. From there your day is full of meetings with subcontractors, reviewing the progress they’ve made, and making sure your project is on track and, more importantly, on budget.

Topics: construction accounting construction bookkeeping listen on the go