Category: Bookkeeping
Choosing the right software is a critical first step in optimizing construction accounting workflows. By understanding these basics and using the right tools, construction businesses can improve accuracy, reduce errors, and optimize their financial processes. Both accountants focus on financial management, but the scopes of the roles are different. Project accountants concentrate on the financial... View Article
It ensures that the contractor meets all requirements and that the customer is satisfied with the performance before delivering the full payment. Generally, contract retainage is specified in the contract and is a percentage, typically five to 10 percent, of the total contract amount. Using the correct billing method for your construction company can make... View Article