Construction is a risky business, highly competitive, and seasonal. Budgeting is crucial, but construction company owners delegating the management of their accounts and payroll to a bookkeeper may not know how much their employees are really costing them. Business Insider reports that 70% of small businesses, those employing up to 100 employees and having assets of…
Tag: error free accounting
Important Steps Towards Error Free Accounting for Construction Companies
The construction industry requires more detailed accounting models, some that are unique to the industry. The industry needs customized accounting models to meet needs particular to them. Sometimes, companies need to apply specific accounting models to a given project. Therefore, managers have to carefully evaluate the needs of the particular project to see whether the…
Error-Free Accounting For Construction Companies
A financial statement is an important tool to help manage a business. It is often used for lending purposes and to secure bonds. Are there errors lurking within all of those numbers that describe the financial health of your construction firm? Here are the 5 most common accounting errors that occur when a construction company…