Construction Bookkeeping: A Comprehensive Guide for Contractors

Construction accounting is a unique form of bookkeeping and financial management. It’s designed specially to help contractors track each job and how it affects the company as a whole. While it draws on all the same basic principles of traditional accounting, it also has several important and distinct features. Setting up a Construction Bookkeeping System…

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9 Essential Steps for Setting Up a Construction Accounting System

Job costing is construction bookkeeping made up of individual projects, cost types, and cost activities. Cash flow analysis and accurate gross profit are benefits to accurate job cost accounting. Bookkeeping in construction is a unique kind of financial management and accounting. Keep an accurate inventory of all materials By estimating job costs such as overhead,…

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