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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). All my leases are related party.”.

Leases 177
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Lease-accounting legislation could hurt construction industry

BD+C

Regulatory bodies have proposed changes in how leased equipment is treated on a corporate balance sheet. Regulations Codes and Standards'

Leases 45
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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

Given that real estate accounted for more than 25% of the gross state product (the state Gross Domestic Product) in Maryland last year and that more than 650,000 rent cases were filed in the Maryland courts in 2019, more than anything else the courts adjudicated, some have suggested the legislature might focus more of its efforts on real estate.

Maryland 227
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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

Cash Flow 130
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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

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Factors to Know About Crane and Rigging Insurance

Construction Marketing

If your rigging company is hired to move and install this equipment, you should account for the possibility that something can go horribly wrong during installation. Contractors need this cover, regardless of whether they own or lease their cranes. Physical damage – This policy compensates for the value of a physically damaged crane.

Insurance 168
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A National Inflation Storm Could Spell Trouble for America’s Housing Market

Pro Builder

Housing is the largest expense for the vast majority of Americans, and the latest CPI report shows that it’s draining people’s bank accounts faster than ever before. year-over-year from December 2020 to December 2021, but the CPI is still playing catch up with some home price movements as existing leases reset at the start of the year.

Housing 52