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Government vetoes project bank account proposal

Construction Enquirer

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Abrahams MP said: “Small businesses are the backbone of the economy. ”

Banking 115
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The Right Accounting Software Can Increase Your Profits

Contractor Bookkeeping

Most construction business owners who use accounting software quickly master the basics. 1 Cash On Hand - This report shows you how much cash you have in your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet), and petty cash box in your office. #2

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Consistent Technology Innovation Helping Contractors Integrate their Office, Team and Field Operations

Viewpoint Construction Technology

They integrate once-siloed functions and data throughout the construction organization and create true, real-time collaboration between the office, team and field. release , Viewpoint Chief Products Officer Matt Harris spoke of a commitment to advancing technologies, focused around connecting the office, team and field.

Office 130
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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

Office 52
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Setting up your office and setting a storage area at home will do while you’re beginning. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. 11) Accounting. 2) Startup and ongoing expenses.

Insurance 295
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Ringleaders jailed after £5m construction tax fraud

Construction Enquirer

The ringleaders of a gang who triggered Northern Ireland’s biggest ever tax fraud probe have been jailed thanks to secretly recorded conversations in a bugged accountant’s office. They created 16 bogus companies and used 56 associated bank accounts to commit the fraud.