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Guide to Construction Estimating [Types, Tips, and Best Practices]        

Construction Accounting

Guide to Construction Estimating [Types, Tips, and Best Practices]        

In the construction project, nothing moves forward without numbers. Detailed calculation of the project costs is the secret to a successful construction.  It’s challenging to consider every detail for one project, but for multiple jobs, it takes even more effort. Each may have its own level of complexity and unique requirements. One thing in common […]

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Construction Budgeting: Complete Blueprint for General Contractors

Construction Accounting

Construction Budgeting: Complete Blueprint for General Contractors

Published October 5, 2022. Updated August 1, 2025 Construction budgets have always played a critical role in how projects perform. That hasn’t changed. What has changed is the level of precision now required to keep jobs on track. A budget today is the framework for your project’s financial health. When done right, it tells your […]

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What are Construction Draws? Key Processes and Challenges Explained

Construction Accounting

What are Construction Draws? Key Processes and Challenges Explained

If you’ve been in construction long enough, chances are you’ve already dealt with construction draws, even if you don’t call them that. It’s one of those terms that pops up around contracts, payments, and bank-financed projects, usually when you’re knee-deep in paperwork or waiting on a bill. Construction draws are a central part of the […]

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5 Financial Construction KPIs Every Contractor Should Track

Construction Accounting

5 Financial Construction KPIs Every Contractor Should Track

What’s the point of doing the work if you don’t know whether it’s actually paying off? This may sound harsh, but as many contractors struggle with performance reviews, it is more than just a rhetorical question. Whether you’re managing one or ten projects, tracking key construction KPIs is what separates profitable businesses from those just […]

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Construction Accounting Explained: Key Terms, Tools, and Techniques

Construction Accounting

Construction Accounting Explained: Key Terms, Tools, and Techniques

Construction accounting is a unique branch of accounting that reflects the specific financial needs of contractors and construction companies. It’s not a parallel universe, but it’s worth knowing some important differences between construction-specific accounting and other types of business accounting. The projects are usually larger and more complex than other business ventures. So, the impact […]

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Best Construction Job Management Software 2025 | Top 5 Picks

Construction Accounting

Best Construction Job Management Software 2025 | Top 5 Picks

Keeping construction on track isn’t easy. Between construction project management, budgeting, and scheduling, there’s a lot to manage and without clear systems in place, things can quickly fall through the cracks. It can all become even worse when miscommunication and unexpected costs start creeping in. Construction job management software helps builders take everything under control […]

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Cash Flow Management in Construction: Everything You Need to Know

Construction Accounting

Cash Flow Management in Construction: Everything You Need to Know

Did you know that 82% of construction companies failed not because of their profits, but due to improper cash flow management? And, it is not surprising that when cash does not come up on time to cover what is needed, the entire operation can start fluctuating, leading to failure. That’s why strategic cash flow management […]

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Construction Profit Margin: What It Is and How to Improve Yours 

Construction Accounting

Construction Profit Margin: What It Is and How to Improve Yours 

Construction profit margin is one of the most important financial indicators for contractors, yet it’s also one of the most misunderstood. With unpredictable material costs, labor shortages, scope changes, and narrow bid competitiveness, turning a consistent profit in construction is becoming harder each year. Even a minor miscalculation or delay can erode your bottom line. […]

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QuickBooks for Construction: Bookkeeping with Essential Integrations

Construction Accounting

QuickBooks for Construction: Bookkeeping with Essential Integrations

How do you manage to keep track of your construction company’s finances with so many moving parts at the job site? Your answers may vary, but using QuickBooks for construction is a highly recommended solution by many contractors and bookkeepers.  If you’re still among those who use the good-old Excel accounting, this article will help […]

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6 Main Construction Billing Methods | Which Is Right for You?

Construction Accounting

6 Main Construction Billing Methods | Which Is Right for You?

Have you ever considered how the construction billing methods you choose impact the success of your project? Selecting the appropriate billing method is not a decision to be taken lightly. It goes beyond mere preference; it’s about understanding the balance between ensuring timely payments and maintaining the financial health of the project. With this in […]

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General Contractor Markup 101: Everything You Need to Know

Construction Accounting

General Contractor Markup 101: Everything You Need to Know

Did you know that the average general contractor markup on labour is 25% and higher, and on materials, it can be as high as 50%? What does this imply for your business as a builder? Considering these average markup percentages, it’s essential to ask yourself: Are you charging enough to impact your profitability positively, or […]

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Manage Payments Reliably: Top 9 Contractor Invoice Software in 2024

Construction Accounting

Manage Payments Reliably: Top 9 Contractor Invoice Software in 2024

Regardless of the sphere of your construction activity, as a contractor, you will have to deal with invoicing. Creating accurate invoices can be as time-consuming and frustrating as dealing with clients who don’t pay on time. Documentation management and automation are crucial to streamlining the workflow so that you can focus on your business goals. […]

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