Blog

This guide helps construction companies navigate 1099 reporting, covering IRS mandates, vendor classification, and the use of third-party software to streamline the process. Learn how to stay compliant, manage subcontractors effectively, and avoid costly penalties.

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.

Learn how construction accounting services benefit construction companies by improving financial management, job costing, and cash flow. This blog explores key services like bookkeeping, payroll, and financial reporting, helping companies optimize their operations and profitability.

A GL insurance premium audit can be complex for construction companies. This guide outlines best practices, from managing vendors and segregating job costs to preparing financial records and understanding insurance policies, ensuring you stay compliant and avoid costly penalties.

Learn the differences between true cloud and hosted construction financial software. Explore how scalability, cost-efficiency, and integration impact your business. Discover why true cloud platforms offer superior flexibility and security for growing construction companies.