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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Adding to the complexity are project durations (which can go from days to years), the broad scope of work, the logistical sequencing of tasks and any conditions tacked onto the contract. Create Rolling Enterprise Cash Flow Forecasts.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

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. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. Chuck Elyea, Viewpoint Software’s market development manager and CBO will conduct a webinar on April 28 at 1 p.m. Tags accounting. accounting software.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. CBO magazine and Viewpoint Construction Software are pleased to present the webinar, “Managing Information Overload: Transitioning to a Paperless Environment” on June 21 at 1 p.m. Tags accounting. accounting software. Construction Accounting Software.

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Business Intelligence for Construction is On the Rise & It’s Obvious Why Contractors are Loving It

Viewpoint Construction Technology

Each project carries a significant amount of risk including countless safety issues, stringent regulations or contractual obligations, weather delays, lack of qualified labor, subcontractor performance and inconsistent cash flows, just to name a few. Patti Smith, Business Process Manager, Ideal Contracting. Click to learn more.

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The Ultimate Guide to Building Collaboration in Construction

Autodesk Construction Cloud

Developing a more collaborative culture is possible by changing project delivery methods, starting with collaboration with the original contract, embracing diversity, using collaboration tools, encouraging accountability, and focusing on human interaction. Encourage Accountability Through Feedback.