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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Resource Center. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Resource Center. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. MANAGEMENT |. SOFTWARE |. MARKETING |.

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Construction quality management: Everything you need to know

Lets Build

Issues may arise around ownership and accountability, roles and responsibilities, tools and materials. If it’s a new situation, it may be necessary to devise workarounds to issues as diverse as legal risks, worker training, or cash flow concerns. The former is clearly preferable to the latter.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Resource Center. Tags accounting. accounting software. Construction Accounting Software. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Green Building.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Resource Center. The Expensive Process of Bidding » Save Time, Resources – File Electronically. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Tags accounting. accounting software.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Resource Center. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. Tags accounting. accounting software. Construction Accounting Software. MANAGEMENT |.

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