Depreciation is the systematic reduction in the recorded cost of a fixed asset. It represents how tangible assets are worn down over time due to use or obsolescence, typically spread across the useful life of the asset as reflected in the income statement.
Construction finance departments face inefficiencies from manual processes. RedHammer offers automation tools that streamline accounts payable, billing, payroll, and job cost reporting, improving efficiency and reducing errors and enhancing cash flow visibility.
Read MoreBefore ditching QuickBooks Online, construction firms must carefully evaluate their growth-driven needs. Supplementing QBO with specialized apps like Knowify and Hammr can bridge functional gaps effectively, often providing better value than switching entirely to a complex ERP system.
Read MoreThe “Big Beautiful Bill”, OBBBA for short, pairs permanent tax breaks with a climate-smart infrastructure surge. RedHammer explains how modular workflows, automated certified payroll, new workforce grants, and careful cash-flow planning can turn strict federal compliance into margin and help contractors lock in the first, best-priced projects.
Read MoreConstruction M&A is surging as PE capital and infrastructure funds chase niche contractors, while aging owners face succession gaps. This article compares ESOP exits versus PE/strategic sales, details buyer criteria and risks, and gives a readiness checklist powered by RedHammer expertise.
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