RedHammer Blog

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.

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.

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.

Unlock the full potential of QuickBooks Online 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.

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.

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.

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.

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.