ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Viewpoint Construction Technology

MAY 30, 2018

Editor’s Note: This is Part 3 of a five-part series on Construction Project Management. Previously, we looked at the complexity of construction projects and the importance of the folks working on project teams—especially the project manager who has to keep all people and processes moving on a daily basis.

Project Management 173

Project Management Management Contractors Software 173

Contractor Bookkeeping

JULY 27, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. Lesson 04: Working with Bank Accounts. Lesson 10: Setting up Inventory.

Contractors 49

Contractors Change Orders Accounting Schedule 49

Contractor Bookkeeping

JULY 27, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. Lesson 04: Working with Bank Accounts. Lesson 10: Setting up Inventory.

Contractors 49

Contractors Change Orders Accounting Schedule 49

Contractor Bookkeeping

DECEMBER 5, 2013

Several years ago the accounting departments of smaller construction companies with less than $10M in annual sales had to slog through dozens of mind numbing General Journal Entries in order to "Close The Books". There are still a few things the accounting department needs to do. Reconcile Bank And Credit Card Accounts.

Accounting 55

Accounting Banking Project Management Contractors 55

Contractor Bookkeeping

AUGUST 30, 2013

It has to be the person who is a constru ction bookkeeper, not a regular bookkeeper because the difference between construction accounting and regular accounting is night and day. Job Material Inventory Costs. Supply Chain Management Costs. Change Order Management. Percentage Of Completion.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Viewpoint Construction Technology

JUNE 13, 2018

Editor’s Note: This is the final installment in a five-part series on Construction Project Management — how innovative technologies and software are helping project managers streamline processes to build faster, smarter projects. Does it integrate well with accounting?

Project Management 162

Project Management Software Software Management 162

Construction Cost Estimating

MAY 31, 2012

It’s exclusive parametric quoting engine provides quicker, precise estimating to effortlessly capture all valuable project information required to drive material, labor & work order management, purchasing, receiving, inventory, scheduling, invoicing, and change-order management from the original estimator’s " take-off ".

Estimating 45

Estimating Inventory Fabrication Construction 45

Autodesk Construction Cloud

MAY 5, 2023

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.

Office 52

Office Autodesk Accounting Project Management 52

Contractor Bookkeeping

FEBRUARY 14, 2014

The first step in Best Practices is "M" for "Marketing" then "A" for "Accounting" followed by ""P" for "Production". Who will service my account? What construction accounting software do you support? Why don''t you support other accounting software? Xero Accounting Online For Contractors Questions. & P.A.M.".

FAQ 49

FAQ Contractors Accounting Security 49

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Process Change Orders Quickly.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. Think about it this way: bringing your purchasing process into the cloud means you can check incoming orders against pending ones, cutting back on duplicates that hurt your bottom line. Embrace Automation.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Viewpoint Construction Technology

FEBRUARY 19, 2015

Spectrum’s flexible reporting structure allows you to keep real time tabs on every aspect of your businesses such as job profit trends, change order status, over/under billing, responses to bid invitations, and much more. Construction Accounting. Project Management. Equipment Management. Service Management.

Software 130

Software Software Construction Change Orders 130

Autodesk Construction Cloud

NOVEMBER 16, 2021

A great example of this is if a general contractor wanted to share a dashboard view with an owner who did not have an account. This broadens visibility into project data and allows teams to create custom dashboards and easily share relevant views. Dashboards | Unified Account Level UI Enhancements. Reports | Logo Management.

Autodesk 52

Autodesk Products BIM Construction 52

Construction Business Owner

JUNE 8, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. The fact is we need to get rid of this inventory before demand will increase. Invest in staff training from the newest helper to the most seasoned project manager. Management.

Construction 120

Construction Software Software Equity 120

Construction Business Owner

MAY 11, 2011

MANAGEMENT |. ACCOUNTING |. General Management. Accounting & Finance. People Management. Equipment Management. The fact is we need to get rid of this inventory before demand will increase. Invest in staff training from the newest helper to the most seasoned project manager. Management.

Construction 120

Construction Software Software Equity 120

Building Information Management

JUNE 22, 2012

Departments and Agencies across the Federal government have personnel operating and managing facilities from many different job series. Project Management. Demonstrate knowledge and ability to change: electrical fuses, control boards, electrical fixtures, and electrical relays. management. Competency Area.

Management 45

Management Contract Sustainability Life Cycle 45