Blog

Hiring the right construction accountant is crucial for your company’s financial success. Look for industry-specific experience, job costing expertise, and familiarity with construction software. Consider outsourcing for cost savings and access to specialized knowledge.

This is RedHammer's guide to Construction Accounting 101. It covers essential topics like job costing, billing methods, compliance, and software integration, helping you navigate the unique challenges of construction finance to ensure profitability, compliance, and financial stability in your projects.

Discover accounts payable best practices for construction companies using QuickBooks Online. Learn how to implement systematic bill entry, approval workflows, manage retention, take advantage of early payment discounts, and more to optimize cash flow and vendor relationships.

This guide helps contractors manage construction accounting retention in QuickBooks Online, covering AR and AP retention, work-in-progress, and setting up retention accounts. Learn best practices to maintain accurate financial records and improve cash flow management.

Learn how construction accounting services benefit construction companies by improving financial management, job costing, and cash flow. This blog explores key services like bookkeeping, payroll, and financial reporting, helping companies optimize their operations and profitability.

Learn the differences between true cloud and hosted construction financial software. Explore how scalability, cost-efficiency, and integration impact your business. Discover why true cloud platforms offer superior flexibility and security for growing construction companies.

Construction loan draws are essential for financing construction projects. They provide funds for each phase, ensuring cash flow for contractors and subcontractors. This blog covers the loan draw process, key components, challenges, and best practices to streamline and improve project management.

Discover how construction management software like Procore and BuilderTrend optimizes project management with estimating, billing, and reporting tools. Learn how to select the best software, integrate it with financial systems, and enhance your construction business's efficiency.

Accounts payable (AP) retention is a vital component in the financial management in the construction industry. AP retention emerges as an important element, ensuring financial well-being and trust between construction firms and their subcontractors.

Understanding construction accounting terms is crucial for financial management in the construction industry. This blog breaks down key terms like accounts payable, accrual accounting, and AIA billing, helping contractors, project managers, and accountants navigate complex financial aspects for project success.