You may want to invest in construction accounting software made specifically to support managing construction finances. Job costing is a detailed record of all the
Cash flow statements help with forecasting and ensure that you have money to cover your expenses. Cash flow statements break down how much cash entered
The electronic speed of computers and accounting software gives the appearance that many of the bookkeeping and accounting tasks have been eliminated or are occurring
A related account is Insurance Expense, which appears on the income statement. The amount in the Insurance Expense account should report the amount of insurance