Contractor Bookkeeping

FEBRUARY 28, 2014

There Are Three Steps To The Contractor Paradigm Shift: #1 Unfreeze - Open the portals of your mind and be open to new ideas and test them to determine if they are in agreement with your core values. #2 Cash flow issues kill contractors even though they have profit. Ignoring Profit Centers and Key Performance Indicators (KPI).

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Construction Business Owner

MAY 24, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. It’s hard to think of examples where this is a good idea in any business. Committing Intentional Project Communications. Better Project Management through Better Communication.

Construction 120

Construction Software Software Iowa 120

Construction Business Owner

OCTOBER 14, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. He replied, “Well, that depends on the project manager.”. This is where accountability comes in to play. Committing Intentional Project Communications. Tags accounting.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

OCTOBER 10, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Ideas start flowing and problems are solved. Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 25, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. And for my time, I usually walk away both inspired and loaded with new ideas to put to use. Even one new idea can be worth its weight in gold…but that’s just my opinion. Management.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

DECEMBER 6, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. My take on this idea is very simple: Stay Hungry. Committing Intentional Project Communications. Better Project Management through Better Communication. Tags accounting.

Construction 195

Construction Software Software Accounting 195

Construction Business Owner

OCTOBER 26, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. A general contractor once told me that his accounting staff used to input time cards into their accounting software and then input the same data again in their job costing spreadsheets.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 20, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our project managers in the field on mobile phones. STRATEGY |. SOFTWARE |.

Construction 136

Construction Software Software Project Management 136

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Construction Business Owner

MAY 17, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. OSHA has been grappling with the idea of developing a specific ergonomic standard for the construction industry. Committing Intentional Project Communications. Tags accounting.

Construction 120

Construction Software Software Injury 120

Viewpoint Construction Technology

JANUARY 17, 2019

Additionally, the industry is still dominated by male professionals, accounting for 79.5% Contractors are Buying into Idea of New Tech…But Not Necessarily Funding It. of respondents in this year’s report are using dedicated software for accounting , with Viewpoint topping the list as 18.6% indicated management resistance; and.

Contractors 130

Contractors Industrial Mobility Software 130

Construction Business Owner

SEPTEMBER 13, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. « Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. » Considering New Accounting Software? STRATEGY |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 6, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

PSMJ Resources

MARCH 4, 2014

It’s available for iPhones and Droid devices, but not for tablets or computers (however, accounts and settings are viewable on most browsers). It’s a great, easy, and fast way to share you firm’s projects and culture, and not just with current and past clients, but with everyone – your employees, your friends and family, the world.

Boston 87

Boston New York City AIA Accounting 87

Pro Builder

MARCH 24, 2021

He recalls multiple instances that sounded something like this: “I had it in my head that we were only over budget by a few thousand dollars, I had no idea we were this far over!”. West Point project, built with BuildTools. Simplify the process and maximize profit . Moments like these have become a common trend in the market. “We

Management 52

Management Change Orders Negotiation Dallas 52

Construction Business Owner

MARCH 29, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Behind every good construction business leader is a hard working team of project managers, construction workers, and office staff. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Business Owner

JANUARY 5, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. I hope these ideas help as the year starts and we get closer to the construction season. Committing Intentional Project Communications. Tags accounting. accounting software.

Construction 120

Construction Bidding Software Software 120

Construction Business Owner

DECEMBER 1, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. And these are not light-weight “apps” – these are powerful enterprise systems for accounting, financial management, project management, HR, and more. Tags accounting.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JULY 7, 2014

Owning a construction company is so much different from just working for another construction contractor and in most cases, new contractors had no idea what was involved in the business end of the operation before they started. Manage The Money. Reconcile The Bank Accounts. Reconcile The Credit Card Accounts. Run Errands.

Contractors 48

Contractors Accounting Banking Project Management 48

Contractor Bookkeeping

DECEMBER 13, 2013

If Has Just Happened to you please stop and click on Emergency Accounting or call Sharie 206-361-3950 or email her Sharie@FastEasyAccounting.com and get help now! When it happens you have a full blown emergency accounting situation! And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!

Deals 48

Deals Accounting Banking Contractors 48

Construction Business Owner

MARCH 29, 2012

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. Drawings have been used by designers for centuries to communicate ideas to the construction trades. Committing Intentional Project Communications. Tags accounting. Management.

Construction 120

Construction BIM Software Software 120

Contractor Bookkeeping

FEBRUARY 17, 2014

We provide outsourced accounting services and have construction company clients all across the U.S.A For the record I will say TSheets is very easy to setup and maintain and in most cases a ProAdvisor let alone a Construction Accountant is not required to set it up and get some basic use out of it.

Accounting 48

Accounting Project Management Contractors Management 48

Construction Marketing Ideas

APRIL 6, 2016

It’s a perennial challenge for businesses of all sizes: How can we improve our sales results/achievements and grow our business/practice’s profitability? You can see other ideas, such as the Rain Group’s Benchmark report: The Top-Performing Sales Organization.

Organization 48

Organization Resource Profitability Philadelphia 48

Autodesk Construction Cloud

JANUARY 6, 2022

The benefits of collaboration may include fewer changes and rework, a higher likelihood of an on-time delivery, higher profits, fewer wasted materials, and other important positives. High-trust firms are half as likely to have problems linked to slow data exchanges and twice as confident about meeting their budgets and project schedules.

Construction 52

Construction Estimating Design Budgeting 52

Contractor Bookkeeping

JULY 28, 2012

Would it be profitable or would something terrible happen to cause us to go bankrupt? There are over 10,000 pieces in the collection consisting of management tools, construction best practices, construction accounting, project management and a few things outside of construction and construction accounting.

Construction 52

Construction Accounting Management Profitability 52

Contractor Bookkeeping

FEBRUARY 14, 2014

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. profit went straight to the bottom line. Who will service my account?

FAQ 49

FAQ Contractors Accounting Security 49

Contractor Bookkeeping

OCTOBER 3, 2013

“A recent study found that business school education not only fails to improve the moral character of the students, it weakens it.students were asked, if given a chance of being caught and sent to prison, they would attempt an illegal act that would net them a profit of more than $100,000; more than one-third responded ‘yes’. ".

Accounting 49

Accounting Banking Construction Contractors 49

Pro Builder

FEBRUARY 14, 2023

Here’s a look at a dozen of the best of Deming's ideas that home builders can learn from Scott Sedam, Contributing Editor When I began writing the January column memorializing Dr. Deming a quarter century after his passing, I wasn’t sure of the response I’d get. “You On the surface, it was a great idea then and it still is today.

Management 97

Management Wisconsin IDEA Products 97

Contractor Bookkeeping

JANUARY 2, 2015

The idea was you would do all the work they would get half the profits and you politely refused, or not? Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Bank Accounts - Set up two bank accounts in your company name.

Construction 48

Construction Insurance Accounting Claims 48

PSMJ Resources

AUGUST 15, 2011

Do not leave until you have written down at least one idea that will help you progress a project, progress an idea, progress your career, progress your boss’ career. Manage your teams well. As a project manager, you are the leader. Find a new friend in accounting and let them coach you along.

Resource 43

Resource Project Management IDEA Consulting 43

Help Everybody Everyday

AUGUST 19, 2009

After a few months of this, the two boys wonder where all the profits went. This may seem like a silly story, but it is one that Certified Public Accountants tell when they describe how many businesses today operate. That does not take into account how much each CAD Operator makes. Bobby says, “I know the solution. Actual Rates.

Overhead 63

Overhead Profitability Accounting Office 63

Contractor Bookkeeping

MAY 16, 2014

1 - What do you know about construction accounting? Do they have the 10,000 hours of training and practice it takes to be good at construction accounting? But as luck would have it, we had Randal DeHart as our accountant. How’s that for a Good Accountant? #5 This is a simple question and the answer should tell you a lot.

Contractors 48

Contractors Accounting Office US 48

Stok

FEBRUARY 25, 2019

Green Building Council (USGBC) , a non-profit organization that promotes sustainability in building design, construction, and operation, Kimberly plays a key role in the integration, diversification, and globalization of the USGBC global community. ” – Michael Hummel , Partner & Project Management, stok.

Sustainability 66

Sustainability Green Organization Foundation 66

The Korte Company

AUGUST 12, 2020

When it comes to providing value on a project, Dennis Calvert has long since learned the worth of letting the best ideas win the day. . But taking into account his proficiency in math and geometry, a family friend brought up architecture as a good field of study. There was value in bringing those ideas into the project early.”.

Design 52

Design St. Louis Illinois Architecture 52

Viewpoint Construction Technology

OCTOBER 9, 2018

Construction projects all too easily run over budget and behind schedule, and in an industry with thin profit margins, that can be a big problem. Find out how your construction contracting business can benefit from today’s popular and up-and-coming technology tools with these cost saving ideas for construction companies.

Contractors 174

Contractors Software Software BIM 174

Autodesk Construction Cloud

SEPTEMBER 9, 2021

The future of BIM and project management. Construction projects are increasing in complexity. Autodesk University 2021 will be full of plenty of exciting announcements including our new integrations between Autodesk Construction Cloud and Construction Accounting Applications. *Dates and times are still being confirmed.

Autodesk 52

Autodesk Construction BIM Modeling 52