Thom is a group benefits consultant with over 25 years of experience as an insurance and financial advisor. He has written for Quickbooks, tED Magazine, Investopedia, the National Bank of Arizona, and others.
An insurance policy rarely meets every contractor’s needs out of the box. Fortunately, endorsements offer one way to customize coverage. One of the most common endorsements you’ll likely encounter involves...
When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability...
When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds...
Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to...
As a contractor, you rely on the property owner to pay you for your work and materials. In turn, the owner is relying on the insurance company to pay their...
Whenever you invoice a property owner, receive a check from a customer, or pay a material supplier, you need to categorize those transactions properly. The Chart of Accounts is the...
The construction industry runs on credit. Contracts are almost never paid up front, so contractors provide labor, materials, and equipment on credit with their customers. As a result, every construction...
Most contractors use some type of construction accounting software to track income and expenses. But most platforms can do a lot more than just bookkeeping. They often have powerful analysis...
QuickBooks is among the most popular accounting software for construction companies, with built-in tools that allow users to create custom reports. Accurate job costing is essential use historical experience to...
As a contractor, you shouldn’t have to think twice about securing insurance for your roofing business. This trade stands out as one of the most grueling occupations, according to the...