Construction-in-progress accounting (CIP accounting) is crucial in the construction industry, allowing businesses to manage their projects and finances effectively. Businesses can ensure transparency, …
Construction Budgeting: A Comprehensive Guide
As a construction professional, creating an accurate and effective budget is essential to the success of any construction project. A well-planned budget helps to avoid cost overruns, delays, and other …
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Markup vs Margin: Understanding the Differences and Their Importance in Business
As a business owner, you're familiar with terms like markup and margin. You know that they're important to your bottom line, but do you know what they actually mean? In this article, we'll dive deep …
Case Study – Construction
I worked with a construction company and after a few months, I noticed their bank account never really grew even though they were having an increase in sales. I decided to dig into it a little and …