article thumbnail

Construction Accounting Concepts You Can Benefit From Today

Contractor Bookkeeping

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in! So, let's dive in, shall we?

article thumbnail

Project Foundation Pt. 2: Building the Master Budget

Stok

The foundation for any successful project is a detailed schedule and budget. If these are desired by your Client, they need to be accounted for financially. If your client uses outside counsel for legal review of lease and contracts, request a fee estimate to include in your budget. The post Project Foundation Pt.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. Tags accounting. accounting software. Construction Accounting Software. Construction Accounting Software.

Software 120
article thumbnail

Project Foundation Pt. 1: Building the Master Schedule

Stok

After a successful project kick-off , a solid foundation is required to bring your project into “flow state”. That foundation is a detailed schedule and budget, created and owned by the Project Manager, with input from consultants and contractors, and approved by the Client. The post Project Foundation Pt.

article thumbnail

Preventing Falls: How Contractors can Master Ladder Safety One Step at a Time

Safety Services Company

In 2020 alone, construction sites accounted for over 5,000 of these reports. To add, you face potential legal repercussions and a loss of productivity. To streamline the process and ensure all aspects are accounted for, have a checklist handy and your workers ready to sign off on it.

Safety 93
article thumbnail

Difference Between Tort and Contract | What Is Tort |  What Is Contract | What Is Contract Law | What Is Tort Law

CivilJungle

A tort , in common law jurisdiction, could be a tort (other than a breach of contract) that causes an applicant to suffer loss or hurt, leading to legal liability for the one that commits the act. A tort is a wrong act which requires legal action. It enforced that party who got affected to go for legal action.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Tags accounting. accounting software. Construction Accounting Software. Construction Accounting Software. foundation. foundation software. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. SOFTWARE |.