Remove Accounting Remove Cash Flow Remove Education Remove Liability
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

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. Fariba Mehdian.

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Construction Business Owner Blogs

Construction Business Owner

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 |.

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Construction Business Owner Blogs

Construction Business Owner

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.

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Construction Business Owner Blogs

Construction Business Owner

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! Public Exposure and Liability on Construction Sites.

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Construction Business Owner Blogs

Construction Business Owner

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! Public Exposure and Liability on Construction Sites.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Very excited about taking our popular educational webinar series on the road. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |.

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Construction Business Owner Blogs

Construction Business Owner

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.