Viewpoint Construction Technology
FEBRUARY 19, 2019
Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.
Levelset
SEPTEMBER 30, 2022
With your back against the wall, dipping into your personal bank account may feel like an easy solution. But when you take into account how long it takes for specialty contractors to get paid, it gets risky quickly, especially if you’re just starting out. Cut unnecessary spending.
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Construction Business Owner
SEPTEMBER 1, 2022
How Inventory Control Saves Construction Teams Resources. Take the time to sit down, review consumption over similar jobs, calculate what you really need, account for what you already have left over from previous jobs, and place a reasonable order at the right time. Greg Ragsdale. Thu, 09/01/2022 - 13:29.
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.
Carol Hagen
DECEMBER 8, 2011
Whether it’s the chief estimator, accountant or IT director, knowing what the going rates are in your area can help you budget and ultimately attract the best talent to your construction firm. You can get this resource for free just by participating. Take the AZ Construction Salary Survey on-line: https://novisurvey.net/n/7g2.aspx.
Levelset
JULY 25, 2022
That’s because other forms of capital — like labor or equipment — can’t generate value if you don’t have enough cash to take on new jobs, acquire materials, or cover overhead. “Working capital evaluates the financial resources a company requires to operate the company,” notes Joshua Leyenhorst.
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.
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