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9 Essential Steps for Setting Up a Construction Accounting System

With unique project-based structures, long-term contracts, and fluctuating costs, the financial management of construction projects requires specialized knowledge and practices. At its core, Construction Accounting involves the meticulous tracking and allocation of costs to specific projects, often referred to as job costing. This process is critical for ensuring that every expense—whether it’s for labor, materials, […]

Understanding EBIT: Earnings Before Interest & Taxes Calculation

Overall, EBIT is a valuable calculation to see how profitable a company is, as well as how efficient it is at generating those profits from its core operations. Some include the revenue and expenses from the core business only, while others include revenue and expenses from other sources, such as investments. The EV/EBITDA multiple is […]

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