Accounting, Cash Flow and Education - Professional Constructor Central

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

JUNE 6, 2022

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. Retention receivable and payable is different from accounts receivable and payable. View profile.

Accounting

Accounting ABC Banking Liability

Claritas Group went down owing £7m to supply chain

Construction Enquirer

JUNE 25, 2023

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. Claritas specialised in projects up to £70m across the residential, commercial and education markets. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m

Cash Flow

Cash Flow Debt Profitability Education

Claritas Group heading for liquidation

Construction Enquirer

JUNE 2, 2023

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures. “The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great. turnover generating a pre-tax profit of £455,000.

Cash Flow

Cash Flow Accounting Industrial US

Online Exclusive: Accounting Basics for Small Contractors — Employee Fraud

Contractor Magazine

SEPTEMBER 2, 2014

profit percentage before taxes, the difference between profits and the cash in your bank account, and why cash flow is so important to the company. Let’s assume that you have educated yourself on those topics and your business is performing at or above that profit percentage. Management Registered User'

Accounting

Accounting Cash Flow Profitability Banking

5 Ways to Prepare for New Revenue Recognition Standards

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.

Accounting

Accounting Contract Viewpoint Cash Flow

Fast Easy Accounting Overview What We Do For Contractors

Contractor Bookkeeping

APRIL 1, 2014

We Are Construction Accountants. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. QuickBooks Outsourced Construction Accounting Services. Can You Relate To This?

Accounting

Accounting Contractors Project Management Cash Flow

Construction Business Owner Blogs

Construction Business Owner

SEPTEMBER 28, 2011

ACCOUNTING |. Accounting & Finance. The show had more than 125 education sessions and hundreds of exhibitors covering nearly 90,000 square feet of exhibit space. The education sessions covered technology, applications, leadership, sustainability, and management of public works projects. Tags accounting. STRATEGY |.

Construction

Construction Software Software Cash Flow

Construction Business Owner Blogs

Construction Business Owner

NOVEMBER 8, 2011

ACCOUNTING |. Accounting & Finance. I think it’s a great way to keep the education ongoing like I talked about two weeks ago. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Tags accounting. accounting software.

Construction

Construction Software Software Accounting

Championing Regulatory Compliance with the Right Construction Management Software

Viewpoint Construction Technology

NOVEMBER 5, 2018

Through site visits, inspections, compliance audits and education and advice sessions, the ABCC is able to closely observe contractors. For larger businesses, such sanctions can critically impact business cash flow in the short term and due to reputation damage, profitability into the long term.

Software

Software Software Management Construction

Construction Business Owner Blogs

Construction Business Owner

OCTOBER 25, 2011

ACCOUNTING |. Accounting & Finance. What I’m getting at here isn’t just that we should never stop learning, but that we should be more proactive about our education in every aspect of our lives! Education leads to improvement, efficiency, and profitability! Tags accounting. accounting software. STRATEGY |.

Construction

Construction Software Software Accounting

Construction Business Owner Blogs

Construction Business Owner

MAY 17, 2011

ACCOUNTING |. Accounting & Finance. NEWSFLASH: In the exciting world of construction accounting software, the inmates are in control. Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide! Tags accounting. accounting software.

Construction

Construction Software Software Accounting

Construction Business Owner Blogs

Construction Business Owner

JANUARY 6, 2011

Construction

Construction Software Software Accounting

Construction Business Owner Blogs

Construction Business Owner

JUNE 20, 2011

ACCOUNTING |. Accounting & Finance. I think it is important that business owners never stop learning, so I read a lot of books to further my education on how to make my business the best it can be. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. Tags accounting.

Construction

Construction Software Software Accounting

Construction Company Failure Root Causes

Contractor Bookkeeping

JUNE 18, 2013

Education is the foundation for shifting paradigm. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.

Cash Flow

Cash Flow Construction Change Orders Contractors

Construction Business Owner Blogs

Construction Business Owner

MAY 17, 2012

ACCOUNTING |. Accounting & Finance. It’s also important to educate employers and employees on the availability of the newer technology in tools and equipment that can assist in reducing injuries to workers. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.

Construction

Construction Software Software Injury

Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Contractor Bookkeeping

OCTOBER 18, 2013

If your bookkeeper is an employee and they have no equity interest in your company they do not have the same concern about your construction company''s cash flow and bottom line profit that you do because when it fails they can blame you for "Not knowing how to run a business" and go wreak havoc elsewhere.

Contractors

Contractors Bankruptcy Cash Flow Accounting

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

FEBRUARY 28, 2014

Then suddenly you decided they needed to get an education in return you were still expected to continue to provide their food, clothing and shelter for another twelve years or so. Education is the foundation for shifting paradigm. Cash flow issues kill contractors even though they have profit.

Profitability

Profitability Contractors Cash Flow Accounting

Construction Business Owner Blogs

Construction Business Owner

DECEMBER 1, 2011

Construction

Construction Software Software US

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

AUGUST 11, 2014

Our In-depth Analysis Of QuickBooks Revealed These Critical Issues: The Chart of Accounts Was one of the worst QuickBooks Setup we have seen in the past ten years. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting. Click Here For More.

Profitability

Profitability Contractors Accounting Income

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

OCTOBER 4, 2013

Education is the foundation for shifting paradigm. In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I 2 Connect With A QuickBooks Expert In Construction Accounting Services. 2 Change State - Arriving at a new understanding about something. could fill out a tax return.

Profitability

Profitability Construction Accounting Cash Flow

Construction Business Owner Blogs

Construction Business Owner

JANUARY 4, 2011

ACCOUNTING |. Accounting & Finance. Thanks to this market change and severe economic correction, opportunity will exist for them as they grow into college educated adults. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |.

Construction

Construction Software Software US

7 Construction Industry Truths Made Clear at Autodesk University

Autodesk Construction Cloud

OCTOBER 28, 2021

Educating and enabling project teams is critical to technology adoption. Workflow guidance on flexible budget structures, contract generation for commitments, collaborative change order workflows, and cash flow forecasting. Educating and enabling project teams is critical to technology adoption. Josh Cheney, Sr.

Autodesk

Autodesk Industrial Construction BIM

Tax Evasion for Dummies

Constructor Marketing that Works

MARCH 31, 2015

Now this is all cleared up, here’s How to make your tax concerns a thing of the past. -- First, please know that I am not an accountant; never have been one and I get nervous in the presence of Excel. Your own education about wealth attraction, accumulation, including… 2. Business systems to improve cash flow 3.

Commissioning

Commissioning Cash Flow Education Alaska

The Ultimate Guide to Building Collaboration in Construction

Autodesk Construction Cloud

JANUARY 6, 2022

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.

Construction

Construction Estimating Design Budgeting

Contractors Need Results Not School!

Contractor Bookkeeping

JUNE 13, 2013

They ended up paying the consultant a lot of money to educate him about construction. We have a construction accounting system that is flexible and allows contractors to be as involved as they want. At one of the networking events he met a business coach who knew nothing about construction but everything about selling his services.

Contractors

Contractors Profitability Cash Flow Consulting

Why Projects Fail

Job Order Contracting

DECEMBER 13, 2020

The key to consistent delivery of successful projects therefore lies in the ability to account for and/or manage variations as they occur. The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources.

Project Management

Project Management Capterra Organization Management

Construction Business Owner Blogs

Construction Business Owner

JUNE 8, 2011

Construction

Construction Software Software Equity

Construction Business Owner Blogs

Construction Business Owner

MAY 11, 2011

Construction

Construction Software Software Equity

BIM, Value Management, Life-cycle Cost Management

Building Information Management

MARCH 19, 2013

It is also defined as the total cash flow of the project from the conceptual stage to the disposal stage (Bennett, 2003). Life cycle analysis takes into account the capital costs of the project as well as costs of operation and maintenance. VM takes into accounts all the criteria that the client / user desire in their project.

Life Cycle

Life Cycle Management BIM Engineering

15+ Top Construction Trends for 2022

Autodesk Construction Cloud

JANUARY 31, 2022

Brian Roche, Account Executive, UK & Ireland, Autodesk. ” – Brian Roche , Account Executive, UK & Ireland, Autodesk. One of the biggest challenges faced by the industry is the re-educating of existing staff, this takes time and money. ” -@OLepinoy via @ADSK_Construct #thedataeconomy Click To Tweet.

Construction

Construction Autodesk BIM Modeling

State by State Incentives Guide

Buisness Facilities Contributed Content

APRIL 15, 2014

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

Income

Income Finance Zoning Employment

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

MARCH 21, 2014

BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. The educational facility will also serve as fiscal agent for the project.

Income

Income Finance Zoning Equipment

Professional Constructor Central

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Claritas Group went down owing £7m to supply chain

Trending Sources

Claritas Group heading for liquidation

Online Exclusive: Accounting Basics for Small Contractors — Employee Fraud

5 Ways to Prepare for New Revenue Recognition Standards

Fast Easy Accounting Overview What We Do For Contractors

Construction Business Owner Blogs

Construction Business Owner Blogs

Championing Regulatory Compliance with the Right Construction Management Software

Construction Business Owner Blogs

Construction Business Owner Blogs

Construction Business Owner Blogs

Construction Business Owner Blogs

Construction Company Failure Root Causes

Construction Business Owner Blogs

Latest Trend, Bookkeeper Works For Contractor That Goes Bankrupt

Process Dependent Vs. People Dependent Increases Contractor's Profits

Construction Business Owner Blogs

Unique Bookkeeper Errors Reduce Contractor Profits

Starting Profitable Construction Company Unique Secrets Revealed

Construction Business Owner Blogs

7 Construction Industry Truths Made Clear at Autodesk University

Tax Evasion for Dummies

The Ultimate Guide to Building Collaboration in Construction

Contractors Need Results Not School!

Why Projects Fail

Construction Business Owner Blogs

Construction Business Owner Blogs

BIM, Value Management, Life-cycle Cost Management

15+ Top Construction Trends for 2022

State by State Incentives Guide

STATE INCENTIVES GUIDE

Stay Connected