Contractor Bookkeeping

MARCH 26, 2021

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

Accounting 109

Accounting Software Software Cash Flow 109

Carol Hagen

JULY 1, 2009

We all know that cash flow is the life blood of our business (whether you’re a contractor or a CPA firm). I found a better tool that looks like Excel in many respects but has the bells and whistles that a CFO, financial manager, controller and the CPA professional will appreciate.

Cash Flow 100

Cash Flow Forecasting Profitability Consulting 100

Lets Build

APRIL 6, 2022

Almost every construction professional faces the same problem – cash flow. Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. What every construction contractor should know about retainage.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Pro Builder

APRIL 19, 2021

5 Reasons to Use Mechanical Contractor Software. Construction software technology has not only helped general contractors but assisted trade contractors to provide their vital services and bring projects to completion. Here are five reasons to use mechanical contractor software: 1) Drawing & Design Planning. 3) Estimating.

Software 52

Software Software Contractors Change Orders 52

Viewpoint Construction Technology

FEBRUARY 12, 2019

The main reason construction businesses implement an integrated project management system is for the visibility that they can gain over every aspect of a project. 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.

Cash Flow 130

Cash Flow Software Software Accounting 130

Pro Builder

MAY 6, 2022

A 2021 Construction Cash Flow and Payment Report by risk management software Levelset revealed that 79% of construction companies that accept electronic payments get paid faster, and automated payments for trade partners can also speed along transactions to keep projects on schedule. . Business Management.

Contractors 97

Contractors Cash Flow Software Software 97

Lets Build

JUNE 23, 2023

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Cash flow Cash isn’t king – cash flow is.

Profitability 78

Profitability Cash Flow Products Construction 78

Lets Build

JUNE 23, 2023

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Cash flow Cash isn’t king – cash flow is.

Profitability 78

Profitability Cash Flow Products Construction 78

Viewpoint Construction Technology

MAY 24, 2018

Paula Hansen , CFO of Pieper Houston Electric and James Stacey , software manager at Universal Plant Services were kind enough to serve on a panel at the show and talked directly with their peers about these relevant issues. We can bill it immediately, which helps to improve our work and cash flow. Was it pen and notepad?

Profitability 150

Profitability Cash Flow Management Houston 150

Levelset

FEBRUARY 11, 2022

If your company uses QuickBooks – one of the most popular entry-level accounting platforms for contractors – you already have built-in tools that can help you manage, track, and report on their accounts receivable. In this article, we’ll show you how to manage A/R in QuickBooks , with screenshots to help you navigate the process. .

Accounting 52

Accounting Management Contractors Lien 52

Pro Builder

JUNE 6, 2022

15 Management Systems to Help You Avoid the High-Speed Wobbles. But with that rapid growth come what I call “high-speed wobbles”—unsteadiness caused by lack of the management processes and systems needed to keep pace. Mon, 06/06/2022 - 07:00. Chuck Shinn. . Rising From the Ashes of the Great Recession. Work Smarter, Not Harder.

Management 52

Management Cash Flow Profitability Schedule 52

Construction Business Owner

MARCH 1, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. STRATEGY |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

OCTOBER 26, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. So You Want to Buy New Construction Software » Construction Software – Is it Time to Buy? You Know You Need New Construction Software When…. Back to Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Levelset

APRIL 5, 2022

Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. But what about cash flow? Forecast cash flow.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Levelset

AUGUST 5, 2022

For example, here’s a recommended breakdown of a principal architect’s hours: 25% marketing and business development (bringing in new work) 25 to 35% administrative and financial tasks, team management 40 to 50% architecture and design. Pay close attention to cash flow. Learn more: An architect’s guide to cash flow.

Architecture 52

Architecture Cash Flow Income Lien 52

Construction Cost Estimating

APRIL 25, 2019

As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Download Candy It is a superb Construction Project Management Software to manage projects efficiently in the construction & engineering industry.

Bidding 40

Bidding Estimating Software Software 40

Construction Business Owner

NOVEMBER 3, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. « Construction Software – Is it Time to Buy? The New Estimating Tool – Superintendents » So You Want to Buy New Construction Software. Job Cost & Cash Flow.

Cash Flow 120

Cash Flow Construction Software Software 120

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more.

Construction 226

Construction Software Software Cash Flow 226

Construction Business Owner

AUGUST 18, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. accounting software.

Cash Flow 169

Cash Flow Software Software Accounting 169

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

Lets Build

JULY 8, 2022

Yet working from home requires closer management, both to maintain productivity and to counter mental health issues surrounding isolation and self-reliance. Supply chain costs have also spiked, resulting in a trend for paying smaller subcontractors early to maintain their cash flow. Facing an uncertain future.

Industrial 148

Industrial Construction Cash Flow Retail 148

Construction Business Owner

APRIL 1, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Is There No Free Lunch or Construction Software? accounting software.

Cash Flow 120

Cash Flow Construction Software Software 120

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What is Construction Management Software?

Software 105

Software Software Management Construction 105

Construction Business Owner

MARCH 1, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. « Apps and Web-based Software: A Tale of Two Trends. Collaborating on Cash flow » The Year of Mobile Technology? increased efficiency and better time management.

Mobility 120

Mobility Cash Flow Construction Software 120

Construction Business Owner

DECEMBER 20, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. New Year’s Resolutions for Construction Management » Merry Christmas! Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Management.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

JANUARY 31, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Better Project Management through Better Communication. accounting software.

Construction 185

Construction Software Software Accounting 185

Viewpoint Construction Technology

JUNE 12, 2013

With advanced construction software to help you, identifying your direct costs on a job is probably pretty easy. Not Keeping Up with Technology and Construction Software. Now more than ever, you’ve got to do the math and make sure your cash flow can handle the burden of every job. Overlooking Your Indirect Costs.

Bidding 286

Bidding Profitability Construction Cash Flow 286

Autodesk Construction Cloud

JUNE 8, 2023

This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. Implement centralized and connected bid management Bid management sometimes feels like a whirlwind, where you’re tasked to review a slew of projects and go over numerous documents and information.

Profitability 98

Profitability Bidding Estimating Risk 98

Autodesk Construction Cloud

SEPTEMBER 22, 2021

With such long time-tables, it’s difficult to plan for unforeseen schedule disruptions while managing the many moving parts of a project. Arguably the toughest part of a project manager’s job is managing the impact of those schedule disruptions across several teams working on the same project. . Schedule surfacing .

Autodesk 52

Autodesk Schedule Cash Flow Forecasting 52

Construction Business Owner

SEPTEMBER 1, 2022

To keep costs down and timelines tight, many construction businesses implement an inventory management strategy that relies on inventory control to reduce cash burn without creating unnecessary delays. You’ll minimize inventory shrinkage with the right surveillance and inventory management systems.

Inventory 226

Inventory Resource Construction Materials 226

Construction Business Owner

SEPTEMBER 27, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. « Considering New Accounting Software? Good on new and used equipment, including software. Is There No Free Lunch or Construction Software? accounting software.

Construction 181

Construction Software Software Accounting 181

Construction Business Owner

JANUARY 18, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. Top 5 Trends in Construction Software.

Construction 169

Construction Software Software Accounting 169

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. They manage multiple projects, purchase a large quantity of materials, and work with a variety of subcontractors and vendors. We’ve talked about this on, well, too many occasions to count. Speed Up Receivables.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Construction Cost Estimating

NOVEMBER 8, 2013

Textura Corporation, the most recognized collaboration solutions provider for the construction industry, just introduced Textura-CPM, the powerful construction payment management system, for developing the payment process for effective construction management.

Management 45

Management Cash Flow Construction Lien 45

Construction Business Owner

NOVEMBER 8, 2011

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. Not All Construction Software is Created Equal » Being the Best. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Management.

Construction 175

Construction Software Software Accounting 175

Construction Business Owner

JULY 26, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. Is There No Free Lunch or Construction Software? » Top 5 Trends in Construction Software. New) Mobile Construction Software. STRATEGY |. ACCOUNTING |. MARKETING |.

Software 137

Software Software Construction Documentation 137

Construction Business Owner

FEBRUARY 16, 2012

MANAGEMENT |. SOFTWARE |. General Management. Software & Technology. People Management. Equipment Management. When you approach your chosen lender(s), be open about your financial situation, including any typically slow work and cash-flow periods. Top 5 Trends in Construction Software.

Banking 120

Banking Construction Cash Flow Finance 120