Remove Accounting Remove Change Orders Remove Contractors Remove Finance
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5 Reasons to Use Mechanical Contractor Software

Pro Builder

5 Reasons to Use Mechanical Contractor Software. The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. The same is true for mechanical contractors. 4) Budgeting & Finances.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

Contractors today deal with challenging projects, often with multiple performance obligations. 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. Here are some of the important steps: . Identify the Contract.

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Five Tips To Help Contractors Stop Losing Money On Change Orders

Contractor Bookkeeping

It''s A Small Change. Contractors hear these all the time. Part of the root cause can be traced to a mild case of "Stockholm Syndrome" where contractors feel their cash flow may be held captive by their customers or clients. In this case the "Hammer" is a change order. No law says there has to be change orders.

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Contractor Tactics On How To Avoid Payment Problems

Contractor Bookkeeping

Construction companies need short-term liquid working capital such as cash, lines of credits, loans, owner financing, credit cards, supplier accounts, and other forms of money to conduct daily operations. What often happens is that contractors hate paperwork preferring to keep everything in their head.

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

Did change order work that you never got paid for doing and never will. They work hard to find people and businesses and contractors that are good credit risks they can loan money too and get paid back in a timely fashion, with all of the interest due to them. You Want Money; Banks Want To Lend Money, What''s The Problem?

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QuickBooks Contractor Unique Payment Application Issues Solved

Contractor Bookkeeping

Payment Applications For Residential Remodel & Commercial Tenant Improvement Contractors. This is a FREE form we developed for our handymen and trade contractors to use on the jobsite and at their office because invoicing in QuickBooks can be difficult. Change Orders and Related Payments. Simple Invoice.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. « A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. STRATEGY |.