Outstanding Checks: Why Your Bank Balance Lies
A general contractor's bank balance can look healthy while a stack of issued checks hasn't cleared yet. That…
Tracking Reimbursements on Construction Projects
On a construction project, the general contractor pays for services, labor, and materials upfront and gets reimbursed by…
Contract vs Reimbursement Invoices in Construction
General contractors regularly spend money outside the project contract, a supplier purchase, a subcontractor cost the contract doesn't…
Retainage in Construction: How It Works
Retainage is the slice of every payment a client holds back, usually 5–10%, until the work is done…
Tracking Bills and Payments Across Multiple Projects
Tracking one subcontract is simple. Tracking a dozen bills from the same subcontractor across four projects, some of…
How to Categorize Construction Project Expenses
Every construction project runs on hundreds of transactions, labor, materials, equipment, subs. Sorted into categories, you can see…
Payroll Errors That Inflate Your Workers' Comp Premiums
Your workers' compensation premium jumped, and the audit letter that arrives every year is bigger than you expected.…
Tracking Supplier Refunds and Store Credits
Contractors buy materials in bulk and in advance, and not all of it gets used. Returning the surplus…
When the Owner Pays a Subcontractor Directly
The normal money flow on a project is owner to general contractor to subcontractor. When the owner pays…
Why Profitable Construction Projects Still Run Out of Cash
Every project can look profitable on paper and still leave you short of cash. In construction, the gap…