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.

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.

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.

Construction Bookkeeping And Accounting - Expectation Vs Reality

Contractor Bookkeeping

Some would take the time to hire an in-house bookkeeper – not knowing what they need is a Construction Bookkeeper/Accountant. Construction Bookkeeping is something you need to understand first, then learn.

Project Readiness Quiz: Is Your Company Prepared?

John Chaney

Five minutes — that’s all it takes to see if your projects are ready for today’s modern demands. Take the quiz below! Note: This quiz was originally created for contractors in the Australia, New Zealand and Asia-Pacific markets.

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

Hot New Construction Accounting Services At Fast Easy Accounting

Contractor Bookkeeping

New Services For Contractors At Fast Easy Accounting. Fast Easy Accounting must adapt to the needs of our Clients in a world that is mobile. With the addition of Fast Easy Accounting Store, we have helped Construction Contractors outside of the US. QuickBooks and Xero Customized Setup, Chart of Accounts, Items Lists – We Can Help A Little or A Lot depending on your needs.

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

State of the Construction Industry: February Roundup

John Chaney

From business continuity planning and managing changing accounting standards and workflow to attracting key talent and mitigating project risk, technology is helping improve productivity and profitability.”

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.

5 Critical Construction Project Reports your System Should Pull Without Fuss

John Chaney

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. A strong system will provide you with tools to calculate asset accounting, depreciation, finance and operating leases.

5 Ways to Tell if Your Construction Software is Breaking Your Heart — and How to Move On

John Chaney

Have you ever had a friend who was in a bad relationship? Their significant other is not treating them right and you are just watching and going crazy because you know they could do so much better!

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.

Setting Up Implementation Training for Successful Technology Adoption

John Chaney

Training your end users thoroughly on how to use new software and technology is vital to successful implementations.

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.

Turning AP From a Burden to a Boon

John Chaney

UMC) until the company switched to Viewpoint ePayments and saved more than 400 hours a year in accounts payable time by improving its vendor payment process. The checks would come back to Accounts Payable where they were stuffed into envelopes and mailed to vendors.

3 cash flow forecasting tips for your next big construction project

John Chaney

Effectively managing cash flow is critical for contractors’ success.

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

How Interstate Electrical Services Became a Leader in Lean Construction

John Chaney

There are a variety of accounting and project management software platforms built specifically for the construction industry (such as Viewpoint ) that can help you manage this process with workflow optimization tools. Editor’s note: The following blog post is an article by one of our clients, Billerica, Mass.-based based Interstate Electrical Services. The article originally ran in Construction Dive on Feb.

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

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 63

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.

Seven Deadly Construction Accounting Mistakes Kill Profit And Growth

Contractor Bookkeeping

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

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.

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?

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.

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.

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

Making Sense of the Construction Tax Landscape

John Chaney

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Manage the company’s cash effectively to account for future downturns.

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.

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.

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

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

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