The income statement, or 'profit-and-loss' (P&L) financial statement, is a report that shows how a construction company's total revenue and expenses add up to either a profit or loss for a given time period. A series of P&L statements can indicate which direction a contractor is trending in and how fast they're getting there. The formula for the P&L is "income minus expenses equals profit (or loss)."
Intuit Connect 2025 unveiled game-changing innovations for mid-market accounting: Intuit Enterprise Suite with construction-specific features, Intuit Accountant Suite, and Intuit Intelligence. IES finally bridges the gap between QuickBooks usability and ERP power.
Read MoreThe definitive 2025 guide to Intuit Enterprise Suite (IES) for construction companies. Learn multi-entity management, AI automation, job costing, and whether IES is right for your growing construction business. Are you ready to migrate from QuickBooks Online or Desktop.
Read MoreDiscover the best construction accounting software for 2025. Compare CrewCost, Intuit Enterprise Suite, Sage Intacct, Acumatica, and more. Find the perfect solution for job costing, project management, and financial control to improve margins and streamline your construction business.
Read MoreConstruction finance departments face inefficiencies from manual processes. RedHammer offers automation tools that streamline accounts payable, billing, payroll, and job cost reporting, improving efficiency and reducing errors and enhancing cash flow visibility.
Read More
.png){kind=small}
