Accounting Contractors Documentation Liability 
Construction Business Owner
JUNE 1, 2022
It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Determine how to account for each lease.
Levelset
SEPTEMBER 14, 2022
“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Are subcontractors covered under the general contractor’s insurance? Business auto insurance.
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Safety Services Company
FEBRUARY 4, 2014
ISN ® * (via their ISNetworld ® * database), PICS ® , PEC Premier ® , ComplyWorks ® , and CQN ® , review, verify, and grade potential contractors and determine the eligibility of the contractor to work on their jobsites. So, how can a company most effectively maintain these accounts? 4. Document (Correctly).
Contractor Bookkeeping
JULY 30, 2014
Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. and QuickBooks Setup for Custom Home Builders Seasoned Builders understand that their needs are different and more specific than the general and specialty contractors that they hire to complete the project. Seasoned Builders Knows Exactly What They Need.
Lets Build
DECEMBER 2, 2022
It requires written standards that can be referred to at any time by employees, sub-contractors, and clients alike. A construction quality management plan should be drafted as a standard document, to be applied to all future projects. Issues may arise around ownership and accountability, roles and responsibilities, tools and materials.
Autodesk Construction Cloud
NOVEMBER 15, 2021
In reality, it’s often a monster document packed full of legalese that can be difficult to understand. A contract should really be a tool to help everyone in the construction industry; it doesn’t have to be this monster document that you just hold your nose, sign, and hope for the best.”
Contractor Bookkeeping
AUGUST 27, 2014
QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.
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