Remove Accounting Remove Budget Remove Compensation Remove Overhead
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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. You invoice and collect cash based on the terms in your contracts.

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Estimating- The New Normal

Chianelli Estimating

Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. Accounting expanse.

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A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. That includes accounting. Sure, accounting may have a bit of a reputation for being mundane. Everything Is Moving All the Time.

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The Case For Paying Marketers More

Help Everybody Everyday

Today, I’m going to make the case for why many marketers are not being properly compensated under Federal law. And I’m going to provide all the information you or they would need to decide for themselves whether or not anyone’s compensation needs to be adjusted. The Highly-Compensated Employees Failsafe. This is huge.

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LEAN Collaborative Construction Practices Construction Cost Estimating

Job Order Contracting

Indirect Cost – Overhead items or costs incurred for the benefit of more than one project are indirect costs. Cost Budgeting – Aggregating the estimated costs of individual schedule activities or work package to establish a total cost baseline for measuring project performance. Example: Corporate Tax, Fringe Benefit Tax.

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Contractors Need Reports Not Bookkeeping

Contractor Bookkeeping

There are accounting systems that deal with both quantity and quality. The Accounting Software You Need Depends On The Level Of Reports You Require. High Overhead Costs (in-house server). Midsize Construction Companies who view construction accounting as an “Overhead Expense” or "Waste of Money" will try to get buy on the cheap.

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Contractors Want Reports Not Bookkeeping

Contractor Bookkeeping

There are accounting systems that deal with both quantity and quality. The Accounting Software You Need Depends On The Level Of Reports You Require. High Overhead Costs (in-house server). Midsize Construction Companies who view construction accounting as an “Overhead Expense” or "Waste of Money" will try to get buy on the cheap.