Contractor Bookkeeping

OCTOBER 27, 2023

From saving receipts to processing employee payroll, every money-related detail should be documented. Starting a new construction business is exciting but has its fair share of responsibilities. One of the most critical responsibilities is maintaining accurate records of your business transactions.

Construction 109

Construction Documentation Contractors 109

Construction Business Owner

NOVEMBER 29, 2016

How about processing payroll? Most companies take several days to post payroll. Companies must move from being reactive to being proactive by speeding up data processing and reporting. A firsthand observation of construction companies shows the average close is greater than 10 days after month end.

Construction 159

Construction 159

Construction Business Owner

DECEMBER 14, 2012

Face it: Payroll processing is a pain for many contractors. Especially given the complexities of construction payroll—including varying rates for contractors working on multiple jobs in multiple states and localities—this can be an incredibly time-consuming process.

Office 216

Office Contractors Construction 216

Contractor Bookkeeping

APRIL 2, 2021

Still Doing Your Payroll? If you're a small construction business owner with just a few employees, you probably think hiring a payroll specialist is an expense that you can avoid. At face value, it seems like a great idea. You feel that you can handle it yourself. You have the best intentions to keep your staff paid and on time.

Construction 68

Construction Finance IDEA Accounting 68

Construction Business Owner

JUNE 26, 2014

You alone, or a small team of employees, may be solely responsible for benefits administration, payroll and routine HR administration. Investing in the right technologies can help streamline your HR processes and have a significant impact on your bottom line.' The good news is that HR does not have to be time-consuming and tedious.

News 289

News Resource Construction 289

Contractor Bookkeeping

MARCH 26, 2021

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 105

Accounting Software Software Cash Flow 105

Viewpoint Construction Technology

JULY 24, 2018

Managing the hundreds, if not thousands, of moving pieces, people and processes and the data connected with each across each project can be an epic task. Spectrum: Using Workflow to Manage Payroll Time and Purchase Order Approvals. In this session we will focus on Payroll Time and Purchase Order approvals using the Workflow module.

Accounting 144

Accounting Finance Viewpoint IRS 144

Construction Business Owner

APRIL 30, 2013

According to the American Payroll Association, paper time sheets cost businesses an average of four hours and five minutes per employee per week, each time card takes the company an average of six minutes to process and there’s a 1- to 8-percent error rate of total payroll when manually processing them.

153

153

Lets Build

MAY 11, 2020

Implementation of payroll policies will be reviewed. The payroll department, normally situated in the back office, has been thrust into the limelight because of the COVID-19 crisis. Payroll needs to have a solid digital infrastructure with remote accessibility features. Health and hygiene practices will be emphasised.

Industrial 178

Industrial Construction Conference Compensation 178

Job Order Contracting

FEBRUARY 7, 2020

This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes. Construction cost audit procedures involve a thorough understand of work scope and all phases leading up to and ending with the construction cost estimate.

Construction 160

Construction Procurement Documentation CSI 160

Contractor Bookkeeping

MARCH 12, 2021

Cash flow forecasting is the process of estimating how much cash you'll have and ensuring you have a sufficient amount to meet your obligations. expenses for utilities, rent, loan payments, payroll). What is Cash Flow Forecast? A cash flow forecast comprises three key elements: beginning cash balance, cash inflows (e.g.,

Cash Flow 66

Cash Flow Forecasting Contract Estimating 66

Viewpoint Construction Technology

SEPTEMBER 8, 2017

Once your construction business processes are streamlined, you can build on your successes to increase your bottom line. Payroll is an area that should be constantly evaluated. When your software is integrated, everyone has the ability to make decisions in real time. You want to pay employees enough to attract stellar performers.

Profitability 153

Profitability Software Software Bidding 153

Levelset

FEBRUARY 3, 2023

With longer payment terms, Materials Financing will empower you to use your cash to pay for necessities like payroll, utilities, equipment, and insurance instead of pouring it into upfront material costs. I’m not scrambling to find money to make payroll at the last minute. I like that the process is straightforward.”

Finance 52

Finance Cash Flow Materials Security 52

Viewpoint Construction Technology

MAY 15, 2018

Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Wage and union payroll agreements. Reduce Manual Compliance Processes. That means they have even more to keep track of in their already busy schedules. Building codes.

Management 135

Management Regulation Construction Documentation 135

Contractor Bookkeeping

OCTOBER 25, 2019

On top of everything else you have payroll to process , in some cases, you may decide to provide cash advances to your employees to keep them focused on the job and not on personal issues, and finally there are all the Payroll Taxes you need to keep track of and file the reports for on a regular basis.

Bidding 49

Bidding Construction Contractors Site 49

Cassell Construction Estimating

OCTOBER 27, 2016

If the help that is needed is a basic list of steps for a process, sometimes the Knowledge Base articles or the videos in ClearView can be overkill, and searching for the right resource time-consuming. For example, under PR, there are steps for Payroll Implementation and Processing, along with steps for Month/Quarter End and Year End.

Viewpoint 100

Viewpoint Consulting Documentation Resource 100

Viewpoint Construction Technology

MAY 23, 2019

There was a time when paper was the way to go for managing documents, RFIs, submittals and processes like payroll, time-off requests and job costing. With the time you’ll be saving getting rid of manual construction management processes , you might just have time to take up a new hobby! But those days are over. Love Notes.

Documentation 153

Documentation Software Software Management 153

Construction Business Owner

JANUARY 5, 2022

And the time they take to process will hurt your back-office productivity. Companies using these tools can control payroll costs, streamline compliance, and make both more accurate bids for future projects and more effective executive decisions. Paper timecards are susceptible to inaccuracies, human error and fraud.

Virgin Islands 296

Virgin Islands Puerto Rico Samoa Rhode Island 296

Fieldwire

JANUARY 23, 2024

This is a great approach for a general contractor trying to ditch the paper blueprints and go digital within their projects, but it may not address the added challenges posed by the fact that we also need our trade contractors and their crews to buy-in to the process changes in order to realize the full potential. Make this one of the goals!

Project Management 64

Project Management Management Drawings Change Orders 64

Carol Hagen

MARCH 25, 2014

There should be no rekeying of any data, and the HR department should have options to update payroll records only, update HR records only or both automatically. Automating forms distribution and notifications can then tie back to the Payroll or HR records. This also applies to Paid Time Off (PTO).

Software 120

Software Software Accounting Construction 120

Fieldwire

SEPTEMBER 7, 2023

Transportation waste is especially counterproductive, as it not only adds time to the whole construction process but exposes the material to handling damage. 6) Over-processing Over-processing waste refers to unnecessary steps taken in the project value chain, such as transforming or double-handling material.

Inventory 98

Inventory Construction Materials Transportation 98

Lets Build

AUGUST 4, 2023

Free eBook: Quick guide to Lean practices for construction professionals The benefits of using construction project execution software in maximising ROI The project execution phase is the most delicate stage — it lays the foundation for the actual work and sits at the heart of the process.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

Free eBook: Quick guide to Lean practices for construction professionals The benefits of using construction project execution software in maximising ROI The project execution phase is the most delicate stage — it lays the foundation for the actual work and sits at the heart of the process.

Software 78

Software Software Construction Budgeting 78

Levelset

MARCH 21, 2022

Since most job costs will be incurred before you receive payment, it’s possible that you won’t have enough cash on hand to cover those expenses, like payroll and materials purchases. Become familiar with the lien processes for the states you work in. Payments to a subcontractor are typically due much less frequently than payroll.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Contractor Bookkeeping

JANUARY 16, 2015

Payroll Processing Job Cost Reports Quarterly Tax Returns Outsourced Accounting' In a very short while you got a rude wake-up-call and your reality check bounced. You found out getting the jobs and doing the work was only a small part of being a contractor.

Contractors 48

Contractors Accounting 48

Viewpoint Construction Technology

JUNE 26, 2018

Learn how to access more data in the field, while streamlining processes. Learn about the latest features to streamline processes like invoicing, financial management, job costing and payroll. See the new kiosks and portals which streamline processes and improve collaboration and data sharing across the organization.

Conference 141

Conference Viewpoint Software Software 141

Viewpoint Construction Technology

FEBRUARY 12, 2019

Armed with this information, you can change processes and quotes to improve future margins. Payroll and HR. The best systems run off real-time ledgers—making it easy for many of your business’ processes to be housed in one system. This includes tracking timesheets, labour costs and managing human resources.

Cash Flow 130

Cash Flow Software Software Accounting 130

Chianelli Estimating

FEBRUARY 21, 2022

The stages of the construction process vary from project to project but whether you are a property owner, manager, project manager or just a stakeholder wanting to know more about what goes on behind the scenes of a construction project, here is your opportunity to dig deeper. payroll, timesheets and project tracking software).

Construction 60

Construction Procurement Budgeting Budget 60

Contractor Bookkeeping

AUGUST 16, 2013

They form the foundation of a Business Process Improvement Plan and Construction Business Strategy. Bank Account - Payroll. Bank Account - Payroll. Chart of Accounts Payroll. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Payroll Taxes. Chart of Accounts Payroll. Payroll Processing.

Work in Progress 58

Work in Progress Accounting Construction Leases 58

Viewpoint Construction Technology

MAY 31, 2018

Hear from panels made up of industry and technology experts and contractors like you to discover new ways to streamline processes, automate workflows, improve collaboration and achieve more intelligence across projects in order to increase the value of your Viewpoint software. If you have never been to Collaborate, you are missing out.

Conference 183

Conference Viewpoint Portland Construction 183

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Payroll. Chart of Accounts Payroll Taxes. Chart of Accounts Payroll Tax Liabilities. Item List Work-In-Process Transfer Costs For Spec Home Builders. Payroll For Your Employees. Payroll Sick Days. Payroll Vacation Days. Payroll Loans Setup And Tracking. Payroll Tax Table.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Pro Builder

APRIL 19, 2021

For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. The same is true for mechanical contractors. 2) Time & Productivity Management. 3) Estimating. Building Software.

Software 52

Software Software Contractors Change Orders 52

NH Construction Law

SEPTEMBER 28, 2023

Contractors are required to maintain accurate records of hours worked and wages paid, including fringe benefit contributions, and submit certified payrolls on a weekly basis to the funding agency or funding recipient attesting to compliance. Prime contractors must also ensure that their subcontractors do the same.

Regulation 40

Regulation Contractors Contract Site 40

Job Order Contracting

MARCH 22, 2017

The JOC Program Guide provides a framework for organizations considering, or in the process of implementing or executing a Job Order Contract. If you are interested in the detailed processes and procedures for the execution and administration of JOC contracts following industry best management practices, please complete the below form.

Contract 100

Contract Negotiation Estimating Procurement 100

Viewpoint Construction Technology

MARCH 27, 2018

While these technologies have different functions, they all serve the larger goal of streamlining processes and improving productivity, which are key for any investment in construction. These tools could help contractors monitor worksite productivity, streamline labor and payroll and much more.

Contractors 139

Contractors Construction Visualization Software 139

Contractor Bookkeeping

AUGUST 18, 2014

Contractors Everywhere are Overpaying on Payroll. While every contractor recognizes the flaws of using inefficient tools on the jobsite, they may still be losing money due to inefficient payroll tools and processes. So how does a contractor start saving on payroll? Are You One of Them? The hammer or the nailgun?

Contractors 48

Contractors Accounting Mobility Software 48

Construction Business Owner

JANUARY 18, 2012

Rushing to get that last payroll out in December because you are unable to work between two fiscal years. Some systems are even date-sensitive and allow you process payroll over different periods, and even years, so you don’t have to rush to get that last payroll done. Creating year-end financial reports.

Construction 168

Construction Software Software Accounting 168