As a construction company grows, it usually acquires more and more fixed assets like heavy machinery, vehicles, equipment, tools, and facilities needed to perform day-to-day operations and generate revenue. Naturally, these long-term assets require continuous...
Fixed asset accounting involves keeping precise financial records about your company’s capital assets, their value, and their current state. Companies make substantial investments in fixed assets, as they represent the capital of the business and are intended to...
Tool theft is a problem that many construction professionals know all too well. It harms your budget, throws your projects off schedule, and causes stress. In fact, research shows that, just in the UK, 78% of tradespeople have experienced having their tools...
The one inescapable truth about your construction equipment is that it’s going to lose its value over time. And while depreciation can’t be avoided, it can certainly be slowed down through regular maintenance, as well as used for tax purposes. But what equipment...
Hand tools and small power tools—like hammers, wrenches, socket tools, impact drills, chainsaws, or air compressors—are often targets of thieves because they’re easy to carry and allow for quick resale. And this trend is on the rise. As a result, the construction...
