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What is Net Income?

Net income in the context of construction refers to the profit earned by a construction company after deducting all expenses related to the projects undertaken. This includes costs such as materials, labor, equipment, permits, and overhead expenses. Net income is a crucial metric for construction companies as it reflects the overall financial health and profitability of the business. It is an indicator of how well the company is managing its resources and executing projects within budget.Construction companies strive to maximize their net income by carefully managing costs, optimizing project timelines, and ensuring quality workmanship. By increasing net income, companies can reinvest in their business, expand operations, and attract new clients. Net income also provides valuable insights into the efficiency of a construction company's operations and helps in making informed decisions

Suffering from credit card
receipt chaos?

Give your accounting team an easier way to collect accounts payable data from project managers and field teams.
expense management

Connect any credit card

Connect any credit card to our platform and collect receipts via our modern mobile app, sync with your ERP instantly and close your books faster.
ERP integrations

Industry ERP integrations

Integrates seamlessly with Viewpoint Spectrum, Viewpoint Vista, Foundation Software, Sage, Acumatica, Quickbooks, CMIC and many more.
Automation

Automate project coding

Create custom AI-Powered automation rules to put your project accounting on auto-pilot.  
controls

Eliminate coding errors

Create custom enterprise-grade controls to eliminate data entry errors from the field.
Approvals

Approvals by project

Setup robust approval workflows by project manager, team manager or value amounts.
ai-Powered

AI-Powered automations

Auto-match receipts directly to credit card transactions for complete automation.
Mobile receipt scanning for receipts
Case Studies

Customer Stories

All Case Studies
All Case Studies

"Month-end expense management time cut from 7–10 days to under 2 days."

Antony Martignetti

VP of Finance
Pacific Tech

"What was previously a full-time reconciliation role now takes about an hour per day."

Taylor Ricard

Controller
Moss Utilities

"Reduced time spent on Invoice entry by over 50%."

Roger Helwig

CFO & Owner
Victory Woodworks
CTA Succes Clicker
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Goodbye project accounting chaos

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