The Importance of Job Costing Software for The Profitability of Construction Companies

The increase in material costs makes it harder for construction companies to manage their budget. A recent report shows that prices of construction materials had a 19% increase this year. You must find other ways to reduce project expenses if you want to earn more. The best way to do that is to invest in …

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AIA construction codes for construction billing

What are construction cost codes? Construction cost codes are the defined list of codes that are used for tracking, managing, reporting on the amounts, quantities, budgets, profit, and other account information associated with the job. What is AIA? The American Institute of Architects (AIA) is a professional association with approximately 90,000 members who are licensed …

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What is Construction Accounting?

Intro to Construction Accounting Construction accounting is a different form of accounting than for many regular companies. Construction accounting is usually rather project-based instead of doing bookkeeping on the whole company level. This becomes even more crucial when you are a contractor company and have multiple clients. You probably want to know the P/L (profit/loss) …

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