LUTZ CONSTRUCTION ACCOUNTING BLOG

Construction Project Job Costing

Construction Project Job Costing

Job costing is the process of tracking expenses related to a construction project and provides management information related to the costs…

WIP Schedule 101

WIP Schedule 101

All businesses need accurate financial data to help understand how it is performing and, more importantly, to assist in planning for the future. The construction industry is no different, and one of the most important inputs to financial…

Construction Month-End Close Checklist

Construction Month-End Close Checklist

Many say humans are “creatures of habit” and prefer routines, especially accountants. Those habits and routines may exist in our personal lives, professional lives, or both. As a business owner, establishing sound habits and routines…

Direct vs. Indirect Costs in the Construction Industry

Direct vs. Indirect Costs in the Construction Industry

A new project manager at your construction company is consistently seeing margins deteriorate at the end of their construction projects.  The key question when confronting this situation is to determine if project…

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