As your construction business grows, you may find it beneficial—or even necessary—to split financial reporting by product type, department or geography. For example, if you have both commercial and residential projects, you probably want to see how the profit shakes out for each of those divisions. While QuickBooks Online (QBO) offers some flexibility in managing […]
Sync Like a Pro: Tips for Keeping Buildertrend and Quickbooks Online Aligned
Maintaining consistent job costs between Buildertrend and QuickBooks Online (QBO) is essential for accurate financial management in construction. By leveraging QBO’s Bank Feed, you can streamline your job cost reconciliation process and ensure your accounting records are both accurate and up-to-date. Here’s a step-by-step guide to simplify and improve your workflow. What Is the QuickBooks […]
60% of contractors are making this very expensive tax mistake
I bet you’ve looked at the accounting reports or tax returns for your building business and thought, “these reports make no damn sense”. I’ve got news for you: you think your accounting makes no damn sense because your accounting, in fact, makes no damn sense. And that might be because your books and your taxes […]
5 Ways Construction-Specific Accounting Tools Will Transform Your Business
Running a construction business comes with a unique set of financial challenges that require more than just basic accounting software. From tracking job costs to managing change orders and cash flow, construction-specific accounting tools are designed to meet the demands of your industry. Here are five powerful ways that specialized accounting tools can help streamline […]
Boost Your Bottom Line With Accurate Job Costing
In the construction industry, the difference between a profitable project and a financial loss often comes down to one key factor: accurate job costing. Job costing is the backbone of project financial management, helping you track every dollar spent, manage resources, and ultimately improve profitability. Here’s why job costing is essential for construction firms and […]
Essential Steps for Construction Firms to Prepare for Year End
With year-end just around the corner, construction firms are entering one of the busiest times of the year for financial reporting and tax planning. Preparing your books now will save you stress and help maximize your deductions come tax season. Let’s walk through five key steps every construction company should take in the next 90 […]