Blog by Jason Anderson

Creating Accurate Cash Flow Projections for Multi-Project Construction Companies

To ensure a firm’s success during construction projects involving lots of simultaneous projects, construction companies must manage their cash flow effectively. Cash flow projections are pivotal to know the financial needs of a business and also avoid the shortage of cash along with running your bus...

How to Implement a Job Costing System: A Step-by-Step Guide for Construction Firms

The task of building various projects within a limited budget and yet find a way to make profit is always daunting for construction industry. A robust job costing system needs to be implemented to properly track expenses, release resources efficiently and to ensure each project stays profitable. Thi...

Efficient Construction Bookkeeping: Secrets Revealed
Offers valuable insights into the essential components required to build a successful and thriving construction business.
Revenue Recognition in Construction Accounting: Simplifying Compliance with ASC 606

When and how to record revenue is the primary obstacle construction companies face when creating reports that accurately reflect the company's performance. Unlike many other industries, construction projects tend to be lengthy, complex, and vast, with a range of phases that may require partial or fu...

10 Reasons Why Most Small Businesses Plateau and How to Overcome Them to Scale Successfully

Running a small business is no easy feat. Many entrepreneurs experience rapid initial growth, but then hit a plateau that feels impossible to break through. Scaling a business requires a different mindset, strategy, and approach than starting one. Below, we'll explore the ten most common reasons why...