Major Expense

What is the biggest expense in construction?

ByconstructBalancesMay 28, 202421 min read

Construction projects are complex and require significant investment. From design and architectural expenses to labor and equipment costs, the financial…

Financial Tools

What Are the Top-Rated Financial Management Tools for Contractors?

ByconstructBalancesMay 28, 202417 min read

As a contractor, managing your finances can be challenging, especially with project deadlines and other business operations to take care…

Contractor Record Keeping

What Should an Independent Contractor Keep Track Of?

ByconstructBalancesMay 28, 202419 min read

As an independent contractor, it’s important to keep accurate records of your financial transactions and project-related activities. Maintaining detailed records…

Construction Accounting Fundamentals Image

What is Construction Accounting? Understanding the Fundamentals in the US

ByconstructBalancesMay 28, 202426 min read

Construction accounting is a specialized branch of accounting that deals with the financial management of construction projects, often involving large…

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