Outsourcing or employing professional Construction Bookkeeping enables firms to focus on delivering high-quality projects while ensuring financial stability and compliance. This approach not only streamlines operations but also drives profitability and long-term growth. While many construction fi...

Property, Plant, and Equipment (PP&E) represent the tangible assets utilized by businesses in their daily operations. Known interchangeably as fixed assets or plant assets, PP&E includes items like buildings, land, machinery, and vehicles. These assets are fundamental to a company’s opera...

Comprehensive project management tools that link financial data with construction schedules, providing a unified view of each project. Customizable reporting that allows you to generate detailed financial reports tailored to your business needs. Job costing and project tracking to provide a clear...

Unlike investments or resale items, plant assets are integral to the core activities of a business. They are directly involved in day-to-day operations, facilitating the production, delivery, or administration of the company’s offerings. For example, in a manufacturing company, the machines used ...

Modernize your workforce management process and add to your existing tech stack with our platform that aims to be a solution to managing construction personnel. Our cloud-based organizational dashboard allows users to track progress with project intelligence. Leverage historical project data to m...

Although generally lower in cost than machinery or buildings, these assets contribute to a productive and organized working environment. Furniture and fixtures are also depreciable over time, with their useful life depending on materials, design, and usage. While these assets might not directly c...

In loose terms, the difference between the salvage value and the actual cost of the asset is known as depreciation. There are different ways through which a company can provide for reducing the cost of the plant assets asset. The bankruptcy alternative bypasses the courts to transfer an insolvent...

At NorthStar Bookkeeping, we help construction firms develop clear accounting processes that fit the industry’s demands. Read on to discover the essentials of effective construction accounting and how we can support you with our guide to construction accounting. This guide covers key aspects of c...