How to Successfully Integrate Construction Accounting and Operations

John Chaney

It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating. Sachse Construction struggled with this situation, using spreadsheets as a go-between for the software used by its accounting department and the software used by operations. Operations can see project financials without waiting for reports from accounting.

5 Apps That Help Small Construction Companies With Accounting Needs

Contractor Bookkeeping

Accounting is not a child’s play. Technology, however, is taking necessary initiatives to make accounting matters simpler and more manageable. Accounting Software for ContractorsToday's Guest Article Is From Andrea Bell. Source.

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Unique Contractor Bookkeeping Problems Regarding Accounts Payable

Contractor Bookkeeping

Common Issues With Accounts Payable. It is easy to put transactions in Accounts Payable (A/P) Aging Summary, and them forget about them. When writing a check from the checking QuickBooks does not automatically go look to see if you put something in Accounts Payable.

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018

John Chaney

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Not a HR, finance or accounting professional?

Construction Accounting Secrets For New Contractors

Contractor Bookkeeping

Construction Accounting Basics For Construction Contractors. Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit. Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. Outsourced Accounting Assisted Do-It-Yourself Contractor Bookkeeping

Construction Accounting Software Selection is Strategic

Carol Hagen

Is this Your Construction Accounting Software Selection Process? Choosing a Construction Accounting Software Solution can be a daunting task. Construction Accounting systems are key to operations with integrated project management.

Secret To Highly Profitable Contractor Is The Construction Accountant

Contractor Bookkeeping

Contractors Need Help Understanding Role of Accountants. Contractors should have two primary accountants. One is the Tax Accountant the other is your Construction Accountant. Tax Accountant who does the Annual tax return for your business and your personal tax return. Construction Accountant Who Listens Tax Accountants

3 Reasons to Change Your Construction Accounting Software

John Chaney

Throughout the year, I talk to a lot of construction business owners and accounting staff who are considering a change in their construction accounting software.

AI Has Promise for Construction Accounting

ENR Construction

Construction is among the industries with the most to gain from bringing AI and other automation technologies into accounting

Contractors Accounting Chaos Solutions

Contractor Bookkeeping

Marketing Headline is Contractor needs Accountant. The Answer is Yes – Every Contractor needs a Construction Accountant. The Question is Why Does the Contractor need an Accountant? Does the Contractor have an Accountant? My life and accounting is in Chaos. Does the Contractor have Bookkeeper? Sometimes the Answer Is Yes. No Charge One-Hour Consultation. We offer a Free One Hour Consulting.

Are There Tax Incentives Your Company Is Missing Out On?

John Chaney

Best Practices Featured North America Trends Construction Accounting Construction tax incentivesLoads of New Tax Savings for Construction Companies! The post Are There Tax Incentives Your Company Is Missing Out On? appeared first on Viewpoint Surveyor.

Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

All Accounting Methods Share The Same Accounting Equations. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting Has These Things In Common: Sales - With 1-4 categories.

The Family Handyman DIY University Contractor Accounting Basics

Contractor Bookkeeping

Are You Struggling With Your Contractor Accounting? Would You Like Learn Construction Accounting Basics From. The Contractors Accountant At A Fraction Of The Cost? Are You A Handyman, Trade Contractor Or Another Type Of Contractor? The Family Handyman DIY University

Why Construction Accountant Is The Best Bookkeeper For Your Construction Company

Contractor Bookkeeping

This is true whether you are talking about general bookkeeping, tax accountants, your mechanic, your doctor or other business professionals. Contractor Bookkeeping Services Construction AccountingExperts Have Increased Knowledge And Skills.

Pay yourself, profit account first

Contractor Magazine

For too many contractors, profit is something they take out of the business when they sell it. It should be one of the first things that contractors get

Is Your Accounting Software Update Worth The Cost?

Contractor Bookkeeping

Find Accounting Software - findaccountingsoftware.com‎. Accounting Software for construction Accounting Software for Contractors Accounting Software Today's Guest Article Is From Russ Davidson From. Nobody wants to pay extra for a service they buy. The premise behind signing up for support and software version updates is pretty clear. You spend a bit extra up front to protect your investment and to prevent even bigger costs down the road. But is it all worth it?

Is Your Accounting Software Update Worth The Cost?

Contractor Bookkeeping

Managing Editor For Find Accounting Software. Accounting Software for construction Accounting Software for Contractors Accounting Software Today's Guest Article Is From Adam Bluemner. Nobody wants to pay extra for a service they buy.

State of the Construction Industry: November Roundup

John Chaney

Featured News North America Trends cloud based construction software commercial construction Construction Accounting Construction Operations construction robotics construction safety Construction TechnologyA review of some of the top construction headlines and a look forward to 2019.

New accounting standards affect leased vehicles

Contractor Magazine

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets

IASB 62

Monitoring Your Financial Position to Succeed in the Construction Industry

John Chaney

When is the Right Time to Implement Construction Accounting Software? The truth is, the question should not be when do you need construction accounting software, but rather, can you truly afford to not have solutions in place? But Doesn’t Generic Accounting Software Do the Job?

Seven Deadly Construction Accounting Mistakes Kill Profit And Growth

Contractor Bookkeeping

"Early To Bed, Early To Rise, Know Your Numbers And Advertise".

Unique High-Profit Contractors Need Value From Accounting Software

Contractor Bookkeeping

Accounting Software for ContractorsPrice And Value. VS. A Cheap Price does not always give you the “biggest bang for the buck” as the saying goes (author unknown). One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands. Take for example ice cream. There are several main types: Labeled as Non-Fat, Low Fat, Reduced Fat, Sugar-Free, Creamy, Deluxe, Premium.

C.P.A. Accounting Vs. P.M.P. Construction Accounting

Contractor Bookkeeping

Project Management Construction Accounting Professionals (PMP) work above the line focused on generating positive outcomes and results for contractors: Increase Sales. A quick review of the differences between tax accounting and management accounting would clear up any confusion.

Fujitsu Appoints David Trautman to National Account Sales Manager

Contractor Magazine

Trautman started the new position in November, and is focused on supporting unitary sales with large, national distributors

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1

The Right Construction Accounting Solution For Your Company

Contractor Bookkeeping

Choosing From Many Construction Accounting Solutions Available. Finding a solution that will do “All I Need It To Do” This is the challenge for Construction Contractors. One of the most basics is pad and paper. Write out your proposals on a piece of paper and give it to your client when presenting a Bid, Estimate, List of Material, Invoice, Receipt For Payment. It is Simple, and it works. I remember the 13 Column Pad and a good calculator with paper tape.

Contractor Vs. Tax Accountant View Of Financials

Contractor Bookkeeping

Contractors View Of The Numbers And Tax Accountants View Are Totally Different When Tax Accountants Review The Financial Statements The Year Has Ended. The Tax Accountant’s Role Is To Review The Previous Year Financial History based on the information provided create and file the Annual Federal Tax Return, Annual State Tax Return, and other Local or Payroll Returns.

Volvo CE Taps McCall for VP of Key Accounts

Construction Equipment

Volvo Construction Equipment (Volvo CE) has appointed Stephanie McCall to a new role as vice president, key accounts. In her new role, she will be responsible for the entire key account initiative in the Americas region

Your Contractor Champion Advocate At Fast Easy Accounting

Contractor Bookkeeping

Contractor Champions At Fast Easy Accounting. Contractor Champions at Fast Easy Accounting are like concierges at a five star hotel. You get all the services at a fraction of the cost. Outsourced Contractors Bookkeeping Services Contractor Champion

Construction Accounting: Always Measure Twice

Construction Business Owner

One of the most important, and often misunderstood, aspects of construction accounting is the relationship between work in progress (WIP) and the recognition of revenue.

Audits Aren’t Only for Accounting

Construction Business Owner

They use their CPAs to examine financial transactions and statements to present an accurate account of the company’s financial business transactions. HR audits present an accurate account of the company’s compliance with federal and state labor and employment laws and regulations

Enhanced Accounting Methods Add Value

Construction Business Owner

During the economic downturn, demand for construction plummeted, forcing contractors to face a new normal. Contractors were expected to maintain a high level of service at break-even or loss margins.

How To Add Your Accountant To QuickBooks Online Accounting Software

Contractor Bookkeeping

This Article Shows You How To Setup Accountant Access To Your Quickbooks Online Accounting Software. The short video below shows step by step how it is done. If you need further assistance please contact Sharie 206-361-3950 or email sharie@fasteasyaccounting.com.

Indoor Marijuana Growing Accounts for Over 1% of all Electric Consumption in the U.S.

Green Building Law Update

Indoor marijuana growing operations accounted for over 1% of all electric consumption in the U.S., In California, marijuana production accounted for about 3% of electric use, according to the study.

Why Contractors Need High Tech Construction Accounting Solutions

Contractor Bookkeeping

High Technology Construction Accounting Offices Are No Longer A Luxury. They Are Standard Operating Procedure Just To Keep Up With Your Competitors. High technology office environments are now as important as the Smartphone and tablet were several years ago.

Contractors Begin Year With New Accounting Standard

ENR Construction

The changes come with new complications that require more specificity

Nicola Cairncross Interviews Randal DeHart, Construction Accountant

Contractor Bookkeeping

Please be sure to let Nicola Cairncross know Randal DeHart, The Contractors Accountant, recommended you. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you so stop missing out!

How to Effectively Maintain Your Third-Party Auditor Account

The Safety Blog

Keeping your third-party auditor account maintained is crucial to remaining eligible to work with these important Owner Operator companies. So, how can a company most effectively maintain these accounts? Consistent monitoring of your account is the backbone of effective maintenance.

Online Exclusive: Accounting basics for small contractors

Contractor Magazine

This is the first article in Michael Bohinc’s Accounting Basics online series. BY MICHAEL BOHINC, CPA. According to a 2012 University of Tennessee research report on business startups, the construction industry has one of the highest failure rates of all industries.

3 Ways Construction Contractors Can Expand to New Markets

John Chaney

Best Practices Featured Trends accounting Construction Technology InnovationThe construction industry’s future looks pretty bright, according to a recent report that found residential and commercial construction will keep growing in the near future.