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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

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.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

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.

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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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The Interconnected Construction Organization — Part 2: The Benefits of Integrated Construction Software in the Cloud

Viewpoint Construction Technology

The fact that Viewpoint is construction-focused and aligned with our culture of innovation and improvement really set them apart,” said Darius Chingon, CFO of Westcon Inc. The financial team can bill quicker, get paid faster and keep cash flow on projects fluid, all while saving time.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

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Championing Regulatory Compliance with the Right Construction Management Software

Viewpoint Construction Technology

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. At Viewpoint we have the expertise to help you understand your options and advise on what you need so feel free to get in touch today.

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