Intuit Enterprise Suite's Summer 2025 update brings AI agents that automate construction accounting, enhanced multi-entity management with intercompany sales, advanced business intelligence with KPI tracking, and project tools including deposits on estimates.

Construction 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.

Construction M&A is surging as PE capital and infrastructure funds chase niche contractors, while aging owners face succession gaps. This article compares ESOP exits versus PE/strategic sales, details buyer criteria and risks, and gives a readiness checklist powered by RedHammer expertise.

The “Big Beautiful Bill”, OBBBA for short, pairs permanent tax breaks with a climate-smart infrastructure surge. RedHammer explains how modular workflows, automated certified payroll, new workforce grants, and careful cash-flow planning can turn strict federal compliance into margin and help contractors lock in the first, best-priced projects.

Explore how AI is revolutionizing construction, from smarter bidding and automated takeoffs to real-time safety monitoring and predictive scheduling. This guide breaks down key AI concepts and showcases tools that enhance efficiency, safety, and profitability.

In 2025 contractors can expense up to $1.25 M of equipment via Section 179 and deduct 40 % bonus depreciation on the balance. Learn which assets qualify, how to time deliveries, structure leases, avoid phase-outs, and document everything to turn tax rules into real cash-flow gains.

iscover the top construction industry organizations to join in 2025. From AGC and ABC to NAHB and CFMA, this guide breaks down the benefits of each group, helping contractors, subcontractors, and professionals grow their network, stay informed, and gain industry support.

RedHammer helps homebuilders stabilize their financial operations, implement accurate job costing, streamline subcontractor and billing processes, and integrate financial and project management systems to improve visibility, reduce risk, and drive long-term growth.

Discover the top 10 accounting practices every homebuilder needs for profitability and growth, from stable Charts of Accounts to automated AP processes. RedHammer provides expert guidance and customized solutions to streamline your financial operations and enhance profitability.

The construction industry faces a persistent labor shortage in early 2025, with an estimated 439,000 additional workers needed. Contractors struggle to find skilled labor, leading to rising wages, project delays, and cost increases. Workforce development and immigration policies will be key to addressing this challenge.

Learn effective overhead allocation in construction to improve cost control, financial reporting, and decision-making. Discover best practices, allocation methods, and the role of technology to optimize profitability and streamline operations in this crucial aspect of construction accounting.

Explore the critical differences between direct and indirect labor in construction projects, focusing on their impact on project costing, financial analysis, and strategic decision-making. Understand overhead allocation methods and enhance your construction accounting practices for better profitability.

President Trump’s second term will shape the construction industry with policies focused on infrastructure spending, tax reform, and streamlined permitting. Challenges like labor shortages and material costs remain, but initiatives like the Department of Government Efficiency (DOGE) aim to reduce bureaucracy and drive transformative projects.

To Overbill or Not to Overbill, That Is the Question" explores overbilling in construction as a financial strategy to boost cash flow, weighing its benefits against ethical risks. It emphasizes aligning billing with project progress and stresses ethical practices and transparency to maintain client trust.

In construction, effective Work-In-Progress (WIP) management is crucial for financial health. This blog provides a guide to avoiding common WIP pitfalls and enhancing project profitability through accurate forecasting, documentation, and alignment between accounting and project management.

Streamline your construction accounts payable with software tailored for job-specific workflows, cost codes, and vendor management. Learn about key features, integration tips, top providers, and how AP automation can enhance efficiency, reduce errors, and boost project profitability.

As construction companies grow, managing complex workflows and detailed job costing becomes essential. Intuit Enterprise Suite extends QuickBooks Online, adding advanced features like automation, multi-entity management, and project tracking to streamline operations and support scalable growth.

The Construction Company Accountant plays a vital role in overseeing the financial health of construction projects, ensuring that costs are accounted for and reported accurately. They are key partners in ensuring that construction projects not only stay on track but also deliver on financial goals.

CFMA's 2024 Financial Benchmarker shows the construction industry's strong performance in 2023 despite economic challenges. Companies achieved a 10.4% revenue increase and higher profitability, with net income before taxes at 6.3%. Top firms excelled in cost management and asset use, indicating areas for improvement industry-wide.

In the fast-paced world of construction, managing finances can be especially challenging due to the complexity of long-term projects, multiple job sites, and changing contracts. Construction companies must adopt construction accounting software that complies with Generally Accepted Accounting Principles (GAAP).

The construction industry faces economic challenges, including inflation, interest rates, and supply chain issues, requiring firms to adopt strategic financial planning. By managing cash flow, securing financing, and monitoring economic indicators, construction businesses can adapt to volatility and position for future growth.

When it comes to launching a construction project, detailed planning and organization is involved, especially when it comes to accounting. Accounting in construction projects is more complex compared to general accounting because of the distinct challenges posed by project-based work.

Behind every successful project is a construction accountant, working diligently to ensure that the financial foundation is as strong as the physical structures being built. Their role, often behind the scenes, is crucial in maintaining financial stability despite the industry's complexities.

Avoid the 10 most common software implementation mistakes, from underestimating complexity to insufficient planning and poor change management. This guide provides practical solutions to ensure your project is completed on time, within budget, and fully utilized.

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.

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.

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.

Discover how to configure a construction chart of accounts (COA) in QuickBooks Online for accurate job costing, tracking retention, and managing WIP. This guide covers best practices, essential construction-specific accounts, and step-by-step instructions for setup. Simplify your construction accounting with expert tips.

Discover accounts receivable best practices for construction companies using QuickBooks Online. Implement progress invoicing, retention management, clear payment terms, multiple payment options, and automated reminders to ensure timely payments and maintain healthy cash flow.

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.

Learn how to optimize your 1099 process in QuickBooks Online for construction companies. This article covers best practices in vendor setup, Chart of Accounts configuration, and leveraging the subcontractor feature, ensuring you remain compliant with IRS regulations while streamlining tax reporting processes.

This article explores the importance of construction cost codes for tracking expenses, improving project management, and enhancing profitability. It covers strategic approaches to creating, structuring, and implementing cost codes tailored to your business needs.

Cost codes are vital for accurate job costing in construction. This guide covers their importance, how to set them up in QuickBooks Online, and best practices for improved budgeting, financial reporting, and cost control, ensuring better project outcomes.

Unlock the full potential of QuickBooks Online QBO) for your construction business. From setting up your chart of accounts to leveraging advanced job costing and progress invoicing, this guide provides actionable tips to streamline financial management, improve profitability, and enhance project tracking.

Properly managing certificates of insurance is crucial for construction companies to reduce financial and legal risks. Learn how to handle general liability, auto liability, and workers' comp coverage, and keep your projects compliant and on track with these best practices.

A GL insurance premium audit can be complex for construction companies. This guide outlines best practices, from managing vendors and segregating job costs to preparing financial records and understanding insurance policies, ensuring you stay compliant and avoid costly penalties.

A well-structured Chart of Accounts (COA) is critical for construction companies. This guide covers best practices, including categorization of costs, job costing integration, retainage, and WIP accounts. Streamline financial reporting, enhance project management, and maintain compliance with industry standards.

This guide helps construction companies navigate 1099 reporting, covering IRS mandates, vendor classification, and the use of third-party software to streamline the process. Learn how to stay compliant, manage subcontractors effectively, and avoid costly penalties.

The U.S. is seeing a sharp decline in accounting degrees, leading to a talent shortage in the profession. With fewer graduates and a growing demand for skilled accountants, outsourcing services like RedHammer offer businesses an efficient solution to maintain their financial health and operations.

Confused about hiring a CFO or controller for your construction business? This article explains the key differences, helping you decide which role fits your needs. Learn when to hire each, and explore flexible options like fractional CFO or outsourced controller services to manage your finances effectively.

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.

This is RedHammer's comprehensive guide to successful construction software implementation. It covers best practices, common pitfalls, and software recommendations tailored to companies of all sizes. With expert insights, this guide helps construction businesses optimize processes, ensure smooth transitions, and achieve long-term success.

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.

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.

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.

Discover the top 10 construction accounting software options for 2024 in this blog. It highlights the key features, pros, and cons of each platform to help construction companies streamline their financial management, job costing, and project tracking.

Learn about construction escrow accounts and how they protect both contractors and property owners during a construction project. This blog covers how escrow accounts work, their benefits, and key considerations for managing funds securely and efficiently in the construction industry.

Outsourcing Construction Accounting is a strategic solution that is useful in streamlining operations and ensuring growth within construction firms. It enables construction firms to concentrate on building and project management, while leaving the financial complexities in capable hands.

Explore the top construction bookkeeping firms that specialize in providing accounting services tailored for the construction industry. This blog highlights the advantages these firms offer, such as expert job costing, financial reporting, and cash flow management, helping construction companies achieve better financial control.

Outsourcing accounts receivable is a key strategy for companies aiming to improve their financial operations. Utilizing the specialized skills of external partners, businesses can improve cash flow, boost financial productivity, and concentrate on their primary business areas.

Explore the top construction bookkeeping firms offering specialized accounting services for the construction industry. This blog covers the unique benefits of these firms, highlighting how they help businesses manage finances, improve job costing, and streamline operations.