article thumbnail

Top 10 ERP Solutions for Construction Firms

Construction Marketing

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. Epicor can help you to receive complete visibility of project-based resources including assets, inventory, materials and labor. Reflex ERP.

Software 200
article thumbnail

Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Job Material Inventory Costs. Change Order Management. Supply Chain Management Costs.

professionals

Sign Up for our Newsletter

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

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. In a manufacturing context, WIP allows accounting to record all inventory items that occupy an in-between state.

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. In a manufacturing context, WIP allows accounting to record all inventory items that occupy an in-between state.

article thumbnail

7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. Not so fast.

article thumbnail

Electrical Contractors Have Unique Bookkeeping Needs

Contractor Bookkeeping

The difference between a Professional Bookkeeping Service and a Cheap Bookkeeper can cost you tens of thousands of dollars a year or more on your bottom line profit. Inventory Tracking - Can be a nightmare and we have a system for it. Job Deposits - Customer down payments can be input several ways.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

your increasing payroll, jobs, inventory, equipment, etc.), change orders. They offer unlimited reporting capabilities, better analysis and quick consolidation/integration of data. In general, the larger the size of your data (i.e. the more likely it is that you have outgrown what spreadsheets can provide. January 2009.