This is the second part of a five-part series; if you haven't read the first part yet, you can go here. Discern Your Numbers I asked...

Indeed, effort is put into creating Work in Progress (WIP) reports. There is the further effort put into maintaining them. And even more...

Making the most of your relationship with your construction accounting team means that you’ll achieve better results with less hassle...

Going With the Flow Cash Management in the construction industry is a make-it-or-break-it piece of financial administration. The flow of...

The Big Picture You get it. You know that change orders are woven into the fabric of construction contracting. Even if they aren’t...

Financial Statements According to Investopedia, financial statements are written records that convey the business activities and the...

Profit and Loss Statement – Why Bother? The entries on a Profit and Loss (P&L) statement provide insight and knowledge about the...

Sometimes it seems we have data coming out our ears. From marketers to religious leaders, from school officials to medical providers,...

Because you are a construction contractor, there are two fundamental Key Performance Indicators (KPIs) you hear about all the time. They...

Keeping Track Construction accounting pros, would you like to spend just a few minutes (instead of hours) making adjustments at the end...

You don’t have to have the ability of the biblical king Belshazzar to see the handwriting on the wall. Nor do you have to have the...

This is Humorous Why are there so many jokes about inflation these days? Because demand has increased following a period of low interest....

This is the story of why, at least once a week, a new post is added to the already existing library of information contained in the...

Three Familiar Business Models in Construction While there is a plethora of business models from which to choose, construction...

Now’s the Time Even if your construction company doesn’t yet need to be bonded, it pays to look at what bonding companies require....

Columns are Historically Functional Just as you must consider the purpose, position, and size of a column in a building, you must...

What the heck is an expense management tool? And what difference does it make to a construction contractor – or the contractor’s...

Mr. and Mrs. Schulte Go to Texas For five years, the founder of The Profit Constructors, Tonya Schulte, has been among those who attend...

Hoping Isn’t Enough Similar to tossing a multitude of coins into a wishing well, hope is without foundation if there is nothing backing...

Although some would deny it, Construction Contracting and Information Technology walk hand in hand. What puts this hand-holding couple...