Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...

Construction companies and contractors can choose among several accrual accounting methods specialized for their industry. They can also use cash accounting. If they choose accrual accounting, they ...

Whether you’re a local contractor with a small crew or a general contractor on a large-scale commercial build team, one thing all contractors have in common is the drive to pick up a hammer instead of ...

Construction firms may jeopardize their financial results if they underestimate the costs of the projects they undertake. The possibility for error may arise from ...

Recent findings from Adobe revealed that only one in three small business owners feels prepared for tax season. While filing taxes is an undoubtedly stressful and burdensome task in and of itself, ...

Editorial Note: This content has been independently collected by the Forbes Advisor team and is offered on a non-advised basis. This content is not part of the comparison service provided by RunPath ...

Project management (PM) software is a universal need to keep track of goals, research, data, scheduling and everything else under the sun. If you have more specific needs, however, you may have to ...

Every day, construction companies across the United States lose nearly $767 million due to payment delays and inefficiencies. This staggering drain on the industry totaled $280 billion in 2024 alone — ...