{"id":22096,"date":"2024-08-19T08:36:02","date_gmt":"2024-08-19T12:36:02","guid":{"rendered":"https:\/\/www.foundationsoft.com\/?p=22096"},"modified":"2025-09-22T08:19:43","modified_gmt":"2025-09-22T12:19:43","slug":"top-5-construction-reports-and-how-they-help-your-business","status":"publish","type":"post","link":"https:\/\/www.foundationsoft.com\/learn\/top-5-construction-reports-and-how-they-help-your-business\/","title":{"rendered":"Top 5 Construction Reports and How They Help Your Business"},"content":{"rendered":"<div id=\"cs-content\" class=\"cs-content\"><div class=\"x-section e22096-e1 mh1s-0\"><div class=\"x-row e22096-e2 mh1s-2 mh1s-3\"><div class=\"x-row-inner\"><div class=\"x-col e22096-e3 mh1s-4\"><div class=\"x-text x-content e22096-e4 mh1s-5\"><p>Construction reports are the financial backbone of a contractor\u2019s business. Contractors leverage these reports to make decisions that are critical to their success.<\/p>\n<p>These reports also provide transparency for internal and external stakeholders about project performance, costs and revenue.<\/p>\n<p>It\u2019s important contractors understand the most common financial reports, their purpose and how to accurately compile data within them.<\/p>\n<p><a target=\"_blank\" href=\"\/job-costing-ultimate-guide\/\" class=\"blog-cta-image\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2024\/03\/FSL-blog-post-ad-ultimate-guide.png\" alt=\"UG to Job Costing\" title=\"UG to Job Costing\"><\/a><\/p>\n<p>With that in mind, here are the top five financial reports you should be using.<\/p>\n<p><strong>Key Takeaways<\/strong><\/p>\n\n<ul>\n \t<li>Income statements give contractors a basic understanding of their net profit or loss for a high-level financial overview of their operations.<\/li>\n \t<li>Cash flow statements allow contractors to see exactly how much money they are earning, how much they are spending and what they are spending it on.<\/li>\n \t<li>Contractors can use WIP reports to determine the state of ongoing projects.<\/li>\n \t<li>Job costing reports help contractors determine material and labor costs for each project.<\/li>\n \t<li><strong>Construction accounting software<\/strong> \u2014 like FOUNDATION\u00ae \u2014 automate report gathering and allow contractors to easily access them in real-time.<\/li>\n<\/ul><\/div><div class=\"x-div e22096-e5 mh1s-6 mh1s-7 mh1s-8 mh1s-9\"><div class=\"x-div e22096-e6 mh1s-6 mh1s-8 mh1s-9 mh1s-a\"><div class=\"x-slide-container-viewport is-loading e22096-e7 mh1s-e\" data-x-slide-container=\"{&quot;keyboardNavigation&quot;:true,&quot;snap&quot;:true,&quot;contain&quot;:true,&quot;direction&quot;:&quot;forward&quot;,&quot;startingSlide&quot;:1}\"><div class=\"x-slide-container-content x-container max width\"><div class=\"x-slide-container is-inline is-paged\"><div class=\"x-slide e22096-e8 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e9 mh1s-g mh1s-h\" href=\"#slide-1\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/Top-Construction-Reports-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e10 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e10\" data-x-toggle-hash=\"slide-1\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e10-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><div class=\"x-slide e22096-e12 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e13 mh1s-g mh1s-h\" href=\"#slide-2\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/income-statement-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e14 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e14\" data-x-toggle-hash=\"slide-2\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e14-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><div class=\"x-slide e22096-e16 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e17 mh1s-g mh1s-h\" href=\"#slide-3\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/balance-sheet-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e18 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e18\" data-x-toggle-hash=\"slide-3\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e18-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><div class=\"x-slide e22096-e20 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e21 mh1s-g mh1s-h\" href=\"#slide-4\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/cash-flow-statement-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e22 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e22\" data-x-toggle-hash=\"slide-4\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e22-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><div class=\"x-slide e22096-e24 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e25 mh1s-g mh1s-h\" href=\"#slide-5\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/work-in-progress-report-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e26 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e26\" data-x-toggle-hash=\"slide-5\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e26-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><div class=\"x-slide e22096-e28 mh1s-f\" data-x-slide=\"\"><a class=\"x-image e22096-e29 mh1s-g mh1s-h\" href=\"#slide-6\"><img decoding=\"async\" src=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports.jpg\" srcset=\"https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports.jpg 1200w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports-257x300.jpg 257w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports-878x1024.jpg 878w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports-768x896.jpg 768w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports-129x150.jpg 129w, https:\/\/www.foundationsoft.com\/wp-content\/uploads\/2024\/11\/job-costing-reports-100x117.jpg 100w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" alt=\"Image\" loading=\"lazy\"><\/a><div class=\"x-anchor x-anchor-toggle e22096-e30 mh1s-j\" tabindex=\"0\" role=\"button\" data-x-toggle=\"1\" data-x-toggleable=\"e22096-e30\" data-x-toggle-hash=\"slide-6\" data-x-toggle-overlay=\"1\" aria-controls=\"e22096-e30-modal\" aria-expanded=\"false\" aria-haspopup=\"true\" aria-label=\"Toggle Modal Content\"><div class=\"x-anchor-content\"><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"x-div e22096-e32 mh1s-6 mh1s-8 mh1s-a mh1s-b mh1s-c mh1s-1\"><a class=\"x-div e22096-e33 mh1s-6 mh1s-9 mh1s-a mh1s-b mh1s-d\" href=\"#prev\" data-x-effect-provider=\"colors particles effects\" data-x-slide-prev=\"\"><i class=\"x-icon e22096-e34 mh1s-l\" aria-hidden=\"true\" data-x-icon-o=\"&#xf060;\"><\/i><\/a><a class=\"x-div e22096-e35 mh1s-6 mh1s-9 mh1s-a mh1s-b mh1s-d\" href=\"#next\" data-x-effect-provider=\"colors particles effects\" data-x-slide-next=\"\"><i class=\"x-icon e22096-e36 mh1s-l\" aria-hidden=\"true\" data-x-icon-o=\"&#xf061;\"><\/i><\/a><\/div><\/div><ul class=\"x-slide-pagination is-row e22096-e37 mh1s-m\" data-x-slide-pagination=\"\"><\/ul><\/div><div class=\"x-text x-content e22096-e38 mh1s-5\"><h2><span class=\"ez-toc-section\" id=\"Income_Statement\"><\/span><strong>Income Statement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An <a href=\"https:\/\/www.foundationsoft.com\/learn\/construction-cash-flow-reporting\/\">income statement<\/a>, also known as a profit and loss (P&amp;L) statement, reports a contractor\u2019s profit or losses over a specific period.<\/p>\n<p>The P&amp;L statement provides contractors with a basic understanding of their profitability.<\/p>\n<p>Income statements are calculated using this simple formula:<strong> Income \u2013 Expenses = Net Profit (Loss)<\/strong>.<\/p>\n<p>If income exceeds expenses, the contractor is profiting. However, if the opposite is true that means they\u2019re operating at a loss.<\/p>\n<p>For example, let\u2019s say a contractor recently purchased a new piece of equipment and hired new employees, if those expenses exceeded the amount they earned over a specific period, they are operating at a loss.<\/p>\n<p>Income statements by themselves have limitations because they recognize revenue during the billing stage not when it\u2019s actually collected.<\/p>\n<p>This could lead to a contractor misinterpreting their cash flow because they are basing calculations off expected revenue instead of funds they\u2019ve collected from clients.<\/p>\n<p>When used with other reports mentioned on this list, income statements offer basic, helpful insights into a contractor\u2019s profitability at every step of their projects.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Balance_Sheet\"><\/span><strong>Balance Sheet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/www.foundationsoft.com\/learn\/financial-ratios-construction-business\/\">balance sheet<\/a> measures a contractor\u2019s resources that have value (assets), resources owed (liabilities) and shareholder resources (equity) over a specified period.<\/p>\n<p>Generally, an easy way to think about balance sheets is that <strong>Assets = Liabilities + Equity<\/strong>.<\/p>\n<p>Contractors can also leverage their balance sheet to determine their company\u2019s worth at any given time.<\/p>\n<p>This can be used to strategically plan payments, loans and collections to maximize their company\u2019s value.<\/p>\n<p>For example, contractors can use their balance sheet to determine the best time to hire more employees or purchase new equipment.<\/p>\n<p>Balance sheets are great for contractors who are seeking big-picture financial insights about their company.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Cash_Flow_Statement\"><\/span><strong>Cash Flow Statement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.foundationsoft.com\/learn\/sides-cash-flow-reporting\/\">Cash flow statements<\/a> give contractors added visibility into non-cash assets \u2014 like receivables and inventory \u2014 and non-cash liabilities \u2014 like accruals.<\/p>\n<p>With cash flow statements, contractors can see available cash and identify exactly where it\u2019s going.<\/p>\n<p>Cash flow statements give contractors the ability to precisely measure where and when:<\/p>\n\n<ul>\n \t<li>Funds are coming in<\/li>\n \t<li>Funds are being directed elsewhere<\/li>\n<\/ul>\n<p>If the funds coming in are greater than the funds going out, the contractor has <em>positive cash flow<\/em>. If the opposite is true, they have <em>negative cash flow<\/em>.<\/p>\n<p>Cash flow statements provide contractors with valuable information.<\/p>\n<p>For example, they can leverage cash flow statements to identify slow payments from clients and put necessary measures in place to solve the issue.<\/p>\n<p>Savy contractors who seek assistance from a construction CPA, can harness <a href=\"https:\/\/www.foundationsoft.com\/learn\/construction-cash-flow-reporting\/\">cash flow statements<\/a> to project future cash flow as well as the long-term financial health of their entire business.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Work-in-Progress_Report\"><\/span><strong>Work-in-Progress Report<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.foundationsoft.com\/learn\/how-to-reap-the-benefits-of-wip-automation\/\">Work-in-Progress (WIP) reports<\/a> are used to identify when a contractor is overbilled or underbilled.<\/p>\n<p>When a project is <strong>overbilled<\/strong>, that means the <strong>billing is more than the cost<\/strong> \u2014 so the <strong>client is paying for the project<\/strong> \u2014 whereas <strong>underbilling<\/strong> means the <strong>cost exceeds the amount being billed<\/strong>\u2014meaning the <strong>contractor is paying for the project<\/strong>.<\/p>\n<p>WIP reports help contractors identify when they\u2019re in the red so they can quickly adjust their approach to maximize profitability moving forward.<\/p>\n<p>WIP reports include information like:<\/p>\n\n<ul>\n \t<li>Contract amount<\/li>\n \t<li>Percent complete<\/li>\n \t<li>Costs to date<\/li>\n \t<li>Earned revenue<\/li>\n \t<li>Billed revenue<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.foundationsoft.com\/learn\/wip-report-field-guide\/\">WIP reports<\/a> help contractors manage their cash flow by predicting future revenue streams and anticipating expenses based on the current state of ongoing projects.<\/p>\n<p>This provides contractors with the foresight to ensure they have sufficient funds to meet their immediate needs while keeping the needs of their entire operation in mind.<\/p>\n<p>For example, a contractor refers to their WIP report to determine the status of a project and realizes its currently projected to go over budget. Construction owners can then immediately implement money saving strategies without having to wait for additional costly overruns to occur.<\/p>\n<p>Internal and external stakeholders also use WIP reports to determine a contractor\u2019s financial stability and performance.<\/p>\n<p>A contractor\u2019s WIP reports could be a deciding factor when seeking outside investments or construction bonds.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Job_Costing_Reports\"><\/span><strong>Job Costing Reports<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.foundationsoft.com\/learn\/top-5-job-costing-tips-for-any-contractor\/\">Job costing<\/a> reports play a crucial role in construction contracting by providing in-depth insight into the financial performance of each project.<\/p>\n<p>These reports break down costs associated:<\/p>\n\n<ul>\n \t<li>Labor<\/li>\n \t<li>Materials<\/li>\n \t<li>Equipment usage<\/li>\n \t<li>Subcontractor expenses<\/li>\n<\/ul>\n<p>By tracking these costs and comparing them with budgeted estimates, contractors can assess project profitability in real time and identify potential cost overruns.<\/p>\n<p>This level of detail allows contractors to make more informed decisions about resource allocation and project management \u2014 maximizing profitability and minimizing financial risks.<\/p>\n<p>The detailed data from <a href=\"https:\/\/www.foundationsoft.com\/learn\/the-ultimate-guide-to-construction-job-costing\/\">job costing reports<\/a> also facilitates accurate billing and invoicing for labor and material costs.<\/p>\n<p>Additionally, it provides valuable historical data that contractors can use when planning future projects.<\/p>\n<p>For example, if a contractor is working on multiple bridge replacement projects within the same area over a short period of time, they can use their job costing reports to precisely measure the expected costs and revenue associated with each project.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Streamline_Construction_Reports_with_Construction_Accounting_Software\"><\/span><strong>Streamline Construction Reports with Construction Accounting Software<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Contractors who are looking to gather accurate data fast should invest in a <strong>construction accounting software<\/strong>. With this software contractors can:<\/p>\n\n<ul>\n \t<li>Automate data entry<\/li>\n \t<li>Track key performance indicators<\/li>\n \t<li>Easily build, store and review income statements, balance sheets, cash flow statements, WIP reports and job costing reports<\/li>\n<\/ul>\n<p>Some <strong>construction accounting software<\/strong> \u2014 like <a href=\"https:\/\/www.foundationsoft.com\/events\/unlock-the-power-of-financial-reporting-with-foundation\/\">FOUNDATION\u00a0<\/a> \u2014 can integrate with <a href=\"https:\/\/www.myhqsuite.com\/software\/projecthq\/\">project management software<\/a> to give contractors even more control and visibility over each step of their projects.<\/p>\n<p>Contractors can leverage this integration to monitor project profitability, analyze cost trends, adjust budgets and quick allocate resources to accommodate project needs in real time.<\/p>\n<p>Income statements, balance sheets, cash flow statements, WIP reports and job costing reports are used to determine the financial health of a contractor\u2019s company.<\/p>\n<p>The accuracy of this data is pivotal to a contractor\u2019s long-term success, and contractors can improve the quality of their data by investing in tools like <strong>construction accounting software<\/strong>.<\/p>\n<p><a target=\"_blank\" href=\"\/construction-accounting-software-ebook\/\" class=\"blog-cta-image\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2024\/05\/2024-05-FSL-blog-post-ad-5-ways-ebook.png\" alt=\"eBook Download\" title=\"eBook Download\"><\/a><\/p>\n<p>FOUNDATION <strong>construction accounting software<\/strong> allows contractors to automatically generate accurate income statements, balance sheets, cash flow statements, WIP reports and job costing reports.<\/p>\n<p>Users can easily review this information and see real-time updates to always stay ahead of cost overruns and delays.<\/p>\n<p>Chat with a specialist today to learn more about <a href=\"https:\/\/www.foundationsoft.com\/#schedule-a-live-demo\">FOUNDATION<\/a>.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Construction reports are the financial backbone of a contractor\u2019s business. Contractors leverage these reports to make decisions that are critical to their success. These reports also provide transparency for internal and external stakeholders about project performance, costs and revenue. It\u2019s important contractors understand the most common financial reports, their purpose and how to accurately compile data within them. With that &#8230; <\/p>\n<div><a href=\"https:\/\/www.foundationsoft.com\/learn\/top-5-construction-reports-and-how-they-help-your-business\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":60,"featured_media":22097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","inline_featured_image":false,"footnotes":""},"categories":[9,41,7],"tags":[],"class_list":["post-22096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-blog-category","category-recommended-reading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 Construction Reports and How They Help Your Business<\/title>\n<meta name=\"description\" content=\"Reporting is one way construction companies can better manage their jobs and watch over their construction accounting. 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