Accounting Cash Flow Design Finance 
Levelset
AUGUST 4, 2022
However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.
Levelset
JUNE 6, 2022
Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.
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Viewpoint Construction Technology
FEBRUARY 12, 2019
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. Asset and Plant Management.
Viewpoint Construction Technology
APRIL 17, 2018
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.
Pro Builder
APRIL 19, 2021
For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. Here are five reasons to use mechanical contractor software: 1) Drawing & Design Planning. 4) Budgeting & Finances.
Construction Business Owner
JANUARY 30, 2011
ACCOUNTING |. Accounting & Finance. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job.
Construction Business Owner
SEPTEMBER 27, 2011
ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? Section 179 was designed to provide an attractive tax savings on these purchases. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |.
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