NLA Blog
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8 Challenges Facing the Construction Industry in 2023
The construction industry is one of the U.S. economy’s largest sectors. It employs roughly seven million workers and is responsible for more than $1.8 trillion in spending each year. As 2023 approaches, many construction industry professionals will be wondering what challenges and issues they will be facing over the coming year.
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The Best Construction Accounting Software Programs Heading into 2023
Accounting is a critical aspect of running a successful construction business. If you own a business in this industry, you know that accounting for construction companies is considerably different from the methods used in many other sectors. Each project varies in its scope, size, labor and materials cost, and other factors, so owners and partners…
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How to Increase Productivity in the Construction Industry
Productivity and efficiency are ongoing challenges for businesses in the construction industry. Although this sector is a driver of global economic growth, there is always room for improvement when it comes to productivity. Despite various challenges, the U.S. construction industry is projected to grow 5% over the next four years, with an estimated value of…
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The Basics of Accounting for Construction Companies
Construction is a complex and challenging industry with factors like labor and material shortages, local and state regulations, tax issues, and the overall economy impacting your company’s profitability. As the old saying goes, “every penny counts.” Having accurate construction accounting and financial management is vital. However, accounting for construction companies isn’t the same as it…