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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. Get in touch.

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5 Reasons to Use Mechanical Contractor Software

Pro Builder

For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. 4) Budgeting & Finances. The same is true for mechanical contractors. 2) Time & Productivity Management.

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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. 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 4 You have no access to a construction accountant, not even for quarterly check-ups. #5 You Want Money; Banks Want To Lend Money, What''s The Problem?

Finance 48
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Behind the Build: Interview with Emerson Smith, Assistant Project Manager at Donohoe Construction Company

Autodesk Construction Cloud

I’d say the biggest challenge is dealing with subcontractors in terms of getting them to commit to items, holding them accountable, and working together to progress on a job. Managing submittals and RFIs are important, and maybe more critical is managing the finances and change orders.

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How The Cloud Is Enabling Smarter Project Management—Part 4 of 5

Viewpoint Construction Technology

That outdated project information can make it hard to accurately gauge current job costs or work in progress. Often, project managers work with information culled together in reports generated in software systems that cannot pull data until it is fully processed or individual phases of the project are completed.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. With so many sources of information, it’s never been more important to take charge and develop a business information plan.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. Tags accounting. accounting software.