article thumbnail

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

ProcurementExpress.com

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.

article thumbnail

The Rise of Business Intelligence in Construction

Viewpoint Construction Technology

Cloud-based, integrated construction software and mobile applications that allows data to be accessed and updated in real time are the technology tools helping construction business intelligence succeed in an industry where change is a constant.

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

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.

article thumbnail

QuickBooks Online Converted To QuickBooks Contractors Desktop Online

Contractor Bookkeeping

No Inventory Reporting. Expenses - Overhead required to maintain business operations. In essence you are selling, assembling, delivering and installing a customized product from a mobile shop on location. In this case some overhead costs were classified as direct costs and assigned to the job. Payroll Issues.

article thumbnail

FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

Any Combination With An Inventory Of Rental Properties. Construction paperwork is like a brand new apprentice construction worker; left unattended it tends to wander off and get lost so here are a few helpful hints where paperwork hides: In The Contractors Mobile Construction Office Command Center, The Truck: On the dashboard.

FAQ 49
article thumbnail

Facilities Maintenance Checklist and Procedures

Job Order Contracting

Application: This standard applies to warehouse or large overhead rolling doors. Door, Manual, Overhead. This standard applies to manually operated overhead doors. A facility should maintain a comprehensive list in the building equipment inventory of all networking devices and network details. Standard Tools – Basic.