ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. 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. That’s accounting’s job, right?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. 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. That’s accounting’s job, right?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Construction Marketing

DECEMBER 19, 2019

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Reflex ERP.

Software 200

Software Software Construction ProCore 200

Contractor Bookkeeping

JULY 18, 2012

Inventory Tracking - Can be a nightmare and we have a system for it. Complex Invoicing - With multiple deposits, payments, change orders, payment history and running totals your customer can follow. Work In Progress (WIP) Reporting. Job Deposits - Customer down payments can be input several ways. Sales Tax Returns.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Contractor Bookkeeping

JULY 18, 2012

Inventory Tracking - Can be a nightmare and we have a system for it. Complex Invoicing - With multiple deposits, payments, change orders, payment history and running totals your customer can follow. Work In Progress (WIP) Reporting. Job Deposits - Customer down payments can be input several ways. Sales Tax Returns.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Contractor Bookkeeping

JULY 18, 2012

Commercial Tenant Improvement Contractors - Who also do some remodel work, service work as a method of marketing, buy houses for rental inventory and buy houses to fix up and sell, house flippers, create special problems for regular bookkeepers. Work In Progress (WIP) Reporting. We know what to do!

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Contractor Bookkeeping

AUGUST 30, 2013

Job Material Inventory Costs. Change Order Management. Work-In-Progress (W.I.P.). A qualified construction bookkeeper understands things a regular bookkeeper does not for example: Job Labor Costs And Utilization Factors. Supply Chain Management Costs. Subcontractors / Specialty Contractors. Job Scheduling.

Profitability 48

Profitability Contractors Accounting Cash Flow 48