Viewpoint Construction Technology

NOVEMBER 15, 2021

Old-fashioned construction accounting can’t win against today’s complex projects and high-risk landscape. Viewpoint Analytics brings powerful reports.

Viewpoint 286

Viewpoint Profitability Accounting Risk 286

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Today, thanks to technology, software and systems, marketing and accounting teamwork is not only possible, but effective. Marketing and Accounting Harmony.

Accounting 171

Accounting Finance Forecasting Certification 171

Construction Business Owner

FEBRUARY 21, 2020

How to Streamline Accounting Processes with Expense Management Tech. How you can help your company be more productive and profitable by investing in expense management technology to streamline your accounting tasks. Elizabeth Manning. Fri, 02/21/2020 - 11:43.

Accounting 240

Accounting Management Profitability Products 240

Viewpoint Construction Technology

DECEMBER 6, 2022

Learn how you can make your AP process faster and easier by removing paper processes while turning your AP department into a profit center.

Accounting 169

Accounting Profitability Construction Viewpoint 169

Contractor Bookkeeping

MARCH 26, 2021

Most construction business owners who use accounting software quickly master the basics. What three reports do you need for your construction business? #1 They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions.

Accounting 105

Accounting Software Software Cash Flow 105

Contractor Bookkeeping

DECEMBER 9, 2022

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures. Doing the project as close to on time and budget as possible.

Cash Flow 90

Cash Flow Profitability Construction Accounting 90

Autodesk Construction Cloud

APRIL 24, 2023

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Contractor Bookkeeping

MAY 19, 2023

Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit.

Cash Flow 98

Cash Flow Profitability Forecasting Construction 98

Construction Enquirer

JUNE 22, 2023

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year. while pre-tax profit fell to £1.8m while pre-tax profit fell to £1.8m The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m from £29.1m. from £29.1m.

Accounting 90

Accounting Profitability Environment Management 90

Construction Business Owner

DECEMBER 31, 2022

To build a profitable construction business, owners must be focused on key performance indicators (KPIs) and bottom-line numbers. These KPIs are centered on sales revenue, overhead, profit markup, labor costs per unit of work, and your updated job cost labor for every project. 6 Numbers You Need to Know. Sat, 12/31/2022 - 07:39.

Overhead 295

Overhead Profitability Finance Accounting 295

Contractor Bookkeeping

MAY 6, 2022

Success in operating a profitable construction business is all about maintaining the proper balance of control over both The Profit Centers and The Cost Centers. If either one gets too powerful and is allowed to run your construction company, it can cause more damage than good.

Profitability 100

Profitability Construction Innovation Environment 100

Contractor Bookkeeping

AUGUST 7, 2020

First, we always ask our clients to decide what they want from their construction company. For many small construction companies, the best way to improve profitability is to increase turnover, as there's no limit to sales, but there is a limit to how much you can reduce your costs. Do you want to get rid of the boss?

Profitability 115

Profitability Construction Environment Accounting 115

Contractor Bookkeeping

MAY 14, 2021

While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is easier said than done. Being a better construction business owner is not just about the habits you practice in front of others.

Accounting 68

Accounting Management Construction Profitability 68

Contractor Bookkeeping

AUGUST 11, 2017

Contractors Need Help Understanding Role of Accountants. Contractors should have two primary accountants. One is the Tax Accountant the other is your Construction Accountant. Tax Accountant who does the Annual tax return for your business and your personal tax return.

Accounting 50

Accounting Profitability Cash Flow Contractors 50

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

DECEMBER 4, 2023

How to Analyze WIP Schedules ccapoccia Mon, 12/04/2023 - 16:56 A contractor’s work-in-progress (WIP) schedule is used by the company’s accounting department to vet the trajectory of each construction project. When the WIP schedule is accurate and updated, contractors can foresee and possibly prevent potential issues from occurring.

Schedule 156

Schedule Cash Flow Work in Progress Profitability 156

Contractor Bookkeeping

MARCH 10, 2023

A USP (Unique Selling Proposition) is a compelling reason for your target market to choose your construction business over your competitor's. Examples range from cutting-edge service and product features to simply being more convenient and easier to find for the target market.

Profitability 89

Profitability Construction Products Accounting 89

Construction Business Owner

APRIL 10, 2023

Understanding Tech Options & How They Impact Operations ccapoccia Mon, 04/10/2023 - 08:12 Software selection can be a daunting task, whether it’s for accounting, project management, scheduling, estimating, timecard capture, contact management or another process. Software becomes part of your infrastructure.

Software 316

Software Software Profitability Project Management 316

Pro Builder

FEBRUARY 11, 2022

Reducing 3 Types of Construction Waste to Increase Home Builder Profit. In today’s economic climate, it’s vital for home builders to keep waste to a minimum so they can receive the highest profit on their homes. Lean Construction’s Greatest Hits, Vol. Fri, 02/11/2022 - 10:13. What Is Waste? That simply is not the case.

Profitability 111

Profitability Materials Construction Estimating 111

Construction Dive

FEBRUARY 17, 2023

A missed $12 million tax accrual will cause the California contractor to restate its books for the second time in two years.

Accounting 90

Accounting Profitability California Contractors 90

Viewpoint Construction Technology

JUNE 6, 2012

Mountjoy Chilton Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Our firm recently had the pleasure of welcoming FMI’s Lee Smither as he presented invaluable information to a group of our construction clients and prospects.

Profitability 183

Profitability Industrial Accounting Construction 183

Fieldwire

FEBRUARY 14, 2022

Anyone who has managed a construction company, department, or project knows profitability can be challenging. Intense competition, fluctuating market conditions and other factors often result in tight profit margins. Even with numerous challenges, specialty contracting can be profitable. In-Demand Expertise.

Profitability 98

Profitability Contractors Management Contract 98

Contractor Bookkeeping

MAY 12, 2023

Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future. It's rare these days that your prospective leads happen to find your construction business and become a client with no work. Keep in mind: Marketing-Accounting-Production

Sustainability 91

Sustainability Accounting Construction Profitability 91

Construction Dive

MAY 9, 2023

The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year.

Profitability 120

Profitability Accounting Plans 120

Contractor Bookkeeping

OCTOBER 27, 2017

Construction Accounting Basics For Construction Contractors. Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit.

Accounting 53

Accounting Contractors Income Overhead 53

Contractor Bookkeeping

MAY 31, 2019

Proper construction accounting is all about the details. Everything starts with cash because "cash is fact, profit is an opinion." All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income.

Accounting 58

Accounting Profitability Overhead Banking 58

Construction Business Owner

MAY 21, 2018

Today’s volatile construction industry, dominated by demanding owners, labor shortages, increasing competition and shrinking profitability, leaves many contractors wondering “How can we survive amidst growing risk and uncertainty?”

Accounting 159

Accounting Profitability Risk Contractors 159

Contractor Bookkeeping

DECEMBER 25, 2020

There is no better time to reflect and think seriously about your construction business. Year over year and regardless of the economy, one thing never changes; 20% of the contractors earn and keep 80% of the profits because they have a Business Process Management Strategy like our Contractors Success M.A.P.

Accounting 67

Accounting Products Contractors Profitability 67

Construction Business Owner

APRIL 3, 2020

Exploring the software essentials that push profits & productivity. In this session, you’ll learn three advantages proven, born-in-the-cloud construction and accounting software provides, where everyone from management and field operations to the back office is connected and has complete visibility into your customers and business.

Software 313

Software Software Profitability Accounting 313

Construction Enquirer

JULY 30, 2023

The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts. McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first six months of 2023 in Greater London, the Midlands and Scotland.

Profitability 71

Profitability Residential Security Accounting 71

Contractor Bookkeeping

NOVEMBER 19, 2021

Among the stats Hubspot lists are: that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are nine times more likely to convert than first-time visitors, and a 2% increase in customer retention has a similar impact to your bottom line as reducing costs by 10%.

Profitability 92

Profitability IDEA Commercial Housing 92

Contractor Bookkeeping

APRIL 23, 2021

Some construction business owners find themselves in the difficult position of running a business that appears to be profitable but still having no money in the bank. After all, a lack of adequate cash flow is one of the leading causes of small construction business failure. It's a critical situation to address.

Cash Flow 70

Cash Flow Profitability Banking Construction 70

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 196

Estimating Construction Risk Documentation 196

Construction Marketing

MAY 17, 2023

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

Innovation 249

Innovation Construction Safety Budgeting 249

Contractor Bookkeeping

OCTOBER 9, 2020

Studies found that alert employees have fewer accidents, which in turn reduces your cost of doing business and raises cash flow and profits. I saw a special where a manufacturer described how the process is that they moved employees on a scheduled basis between workstations to help them avoid boredom and stay fresh throughout their workday.

Accounting 99

Accounting Cash Flow Accidents Profitability 99

Job Order Contracting

MAY 6, 2022

Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Understanding Construction.

Procurement 219

Procurement Plans Construction Life Cycle 219

Contractor Bookkeeping

OCTOBER 8, 2019

As a new construction business owner, keeping your financials in order should be one of your top priorities. Tracking revenues, checking profits, or carefully reviewing your expenses are all necessary steps to building a reliable and responsible financial record. Today's Guest Article Is From Lilian Chifley.

Accounting 49

Accounting Software Software Profitability 49