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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 Most Common Reasons Construction Projects Are Delayed

Viewpoint Construction Technology

Below, we look at the six most common reasons construction jobs are delayed and how Viewpoint can help avoid them. Whether it’s communication from an owner, client, project manager or crew, everyone should be apprised of change orders. Keep your construction projects on time by learning which Viewpoint product is right for you.

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How to Modernize Construction Management

Viewpoint Construction Technology

In many cases, they have purchased software solutions for construction-specific processes like accounting, project management or field management to rectify the situation.While this is a positive step, it’s not always ideal—especially for larger and growing contractors managing multiple projects. “The

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Why Are Contractors Using Fewer Software Applications?

Viewpoint Construction Technology

The majority of construction companies are using a variety of software solutions for accounting, project management, estimating, and other important functions. Accounting and project management software were among the most prevalent types of software used by contractors last year.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

If a change request is submitted for example, a project manger gets an alert on his dashboard, and from his mobile device can approve and create a change order. If weather is hot and humid, or cold and snowy, account for a slower pace in the timeline, and follow safe practices for crews.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Learn how better change order management and forecasting can help prevent profit fade. Chuck Elyea, Viewpoint Software’s market development manager and CBO will conduct a webinar on April 28 at 1 p.m. Tags accounting. accounting software. change orders.

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Breaking Down Silos for Better Construction Collaboration

Viewpoint Construction Technology

But these processes could be sowing division, especially when you look at how you hold people accountable within them. In cases like this, management may need to rethink the way the company holds people accountable. In construction, field crews don’t usually know the ins and outs of what accountants do, for example.