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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. View profile.

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Championing Regulatory Compliance with the Right Construction Management Software

Viewpoint Construction Technology

The right construction management software can help construction organisations stay on top of compliance issues. Through site visits, inspections, compliance audits and education and advice sessions, the ABCC is able to closely observe contractors. It takes a firm hand and senior champions to get things moving in the right direction.

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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.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Not All Construction Software is Created Equal » Being the Best. I think it’s a great way to keep the education ongoing like I talked about two weeks ago. Is There No Free Lunch or Construction Software? Tags accounting.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Simple Software » Construction Business Owner Attends APWA 2011 Congress. The show had more than 125 education sessions and hundreds of exhibitors covering nearly 90,000 square feet of exhibit space. Tags accounting.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. 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!

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Fast Easy Accounting Overview What We Do For Contractors

Contractor Bookkeeping

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?