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.

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

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.

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.

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.

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.

Pay yourself, profit account first

Constructor 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

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.

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.

Haberberger adds project, accounts payable managers

Constructor Magazine

Ben Haberberger, who represents the fourth generation in the mechanical contracting firm, is a plumbing project manager/estimator

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

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.

Trump Budget Would Cut Some Construction Accounts, Spare Others

ENR Construction

OMB Director says funds cut from some programs will go into expected infrastructure investment program later this year

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 Accounts for 33 Percent of Work-Related Lightning Fatalities

Construction Equipment

Cloud-to-ground lightning occurs 20 to 25 million times every year and workers operating heavy equipment, doing construction, roofing, steel erection, and landscaping are at the top of the list when it comes to who gets hit. Lightning is an occupational hazard. Take it seriously.

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A Contractor’s Guide to Hiring an Accountant

Construction Business Owner

If you are a general contractor, the odds are you will require the services of an outside accountant from time to time. At first glance, it can be difficult to tell the difference between the certified public accountants (CPAs) out there. They list the same services, have the same credentials and they all claim to work with companies like yours. But do they all deliver the same value? Is one CPA as good as the next?

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!

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.

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?

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.

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

Commissioning Pull Planning Session Results in Ownership and Accountability

PC Construction Blog

The Commissioning Team at the DC Water Tunnel Dewatering Pump Station and Enhanced Clarification Facility recently conducted its first Pull Planning session. Pull Planning, which is a component of the Lean-based Last Planner System, helps. All Projects Water & Wastewater Treatment Lean

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Contractors Are Skilled In Construction But Not Usually In Construction Accounting

Contractor Bookkeeping

Your Construction Accounting System started small and easy. undefined. Almost every Contractor understands how to do basic repairs and remodels on a house. As the project grows it gets a little more complicated. Is it a kitchen remodel, a bath remodel, upgrading the laundry area? Building a Deck? Adding a second story addition? Adding a garage? Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while.

When Your Accountant Says You Don't Need Job Costing.

Contractor Bookkeeping

It's Because They Don't Need It. To Fill Out The Annual Tax Return! Contractors like you regularly ask us if there is a way to have Job Costing Reports and have their annual tax return prepared and the answer is Yes!

House Builders Want Unique Construction Accounting

Contractor Bookkeeping

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Continue Outsourced Accounting And Bookkeeping.

When Hiring A Construction Accounting Service Makes Sense

Contractor Bookkeeping

When John Doe* (not his real name) opened his residential remodeling company, he did just about everything himself from creating construction proposals to paying the rent, processing payroll, preparing quarterly tax returns, reconciling checking and credit card accounts and paying bills.

QuickBooks Is Not A Professional Construction Accounting Software

Contractor Bookkeeping

If you Google “Construction Accounting Software” the results are over 20,000,000. Construction trade journals list over 4,000 construction accounting software programs that actually work well for the construction industry. Marketing | Accounting | Production) with all of them.

Bookkeeper Training In The Art And Science Of Construction Accounting

Contractor Bookkeeping

Do You Wish They Were Better At Construction Accounting? The fact is you are paying dearly for their education to learn construction bookkeeping and accounting but you just don't know it. Is Your Bookkeeper A Keeper? Do You Want To Keep Them For As Long As Possible?

QuickBooks Enterprise to Xero Accounting Online Conversion

Contractor Bookkeeping

QuickBooks Enterprise To Xero Accounting Online Conversion. That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than QuickBooks Enterprise. Need Complex Construction Accounting Reports.

Is Your Accountant Helping Or Hurting Your Construction Company?

Contractor Bookkeeping

The Traveling Bookkeeper had a deep distrust of contractors, as do most regular accountants and regular bookkeepers. Having been involved in Construction Accounting for over thirty years I understand it completely. One Of The Biggest Complaints. From Contractors That Contact Us.

Tool tracking app creates accountability, accessibility

Constructor Magazine

Keeping track of tools shared among crew in the field can be difficult — figuring out “who has what and is it available” can be confounding and time consuming. read more. Feldmans Technology Silver

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.

Quicken To Xero Accounting Online Conversion

Contractor Bookkeeping

Quicken To Xero Accounting Online Conversion. That day is now with Xero accounting online! If this describes you then perhaps Xero accounting online is a better fit for you than Quicken. Need Complex Construction Accounting Reports. Xero Accounting Online Conversion.

Hiring a Safety Consultant to Handle your ISNetworld® Account

The Safety Blog

If you are looking for help with ISNetworld® compliance, a quick google search will yield the names of numerous companies offering downloadable safety programs and monitoring services to assist you.

What Your Construction Firm Needs in an Employee Portal

Carol Hagen

Employee Portal Integration to Your Construction Accounting Software and Intranet. There should be no need to configure users or SQL accounts if it’s all tied right into your existing Employee Master.

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Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Certified Public Accountants (C.P.A.)

Basic Accounting Terminology for PMs

PSMJ Resources

Professional service firms use accrual based accounting methodology, not cash-based, and once this is understood everything gets much simpler. Taxes are calculated on a cash basis, regardless of the accounting methodology used for recognizing revenue. Accrual-based accounting is best, as it more accurately measures real progress and work-in-place on projects while providing “real-time” profit calculations.