Contractor Bookkeeping

MARCH 1, 2024

Many small construction business owners tend to handle their accounting and bookkeeping, especially when they've just started. Below are five of the most common Do-It-Yourself accounting errors you should avoid. Below are five of the most common Do-It-Yourself accounting errors you should avoid.

Accounting 108

Accounting Income Finance Construction 108

Viewpoint Construction Technology

OCTOBER 6, 2021

See 4 ways construction project managers can increase profit by using job cost accounting. Selling more isn’t always the best way to make more money.

Profitability 320

Profitability Accounting Project Management Construction 320

Construction Business Owner

MAY 16, 2022

6 Steps for Establishing Employee Accountability & Empowerment. Mon, 05/16/2022 - 15:13. Do you find yourself answering calls from your team of supervisors all day, addressing stupid questions and solving small problems? They continually ask you to make simple decisions for them.

Accounting 334

Accounting 334

Construction Business Owner

JULY 27, 2023

5 Steps to Streamline Your Accounting Department ccapoccia Thu, 07/27/2023 - 08:10 Rapid innovation and digital transformation are widespread in the financial sector, compelling accounting and finance departments to reevaluate their operational efficiency.

Accounting 156

Accounting Finance Innovation Organization 156

Viewpoint Construction Technology

FEBRUARY 14, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint 296

Viewpoint Accounting Risk Contractors 296

Construction Marketing

JULY 24, 2020

In the past, the marketing and accounting functions within a company were not frequent collaborators save the annual budgeting or forecasting process. Today, thanks to technology, software and systems, marketing and accounting teamwork is not only possible, but effective. Marketing and Accounting Harmony.

Accounting 171

Accounting Finance Forecasting Certification 171

Construction Business Owner

MARCH 23, 2023

What Accounting Problems Are You Facing This Year, & How Are You Solving Them? ccapoccia Thu, 03/23/2023 - 15:34 Richard Harvey Vice President ICS Commercial LP

Accounting 296

Accounting Commercial 296

Contractor Bookkeeping

FEBRUARY 17, 2023

How often have you hired someone with the expectation that they know how construction works, and then you found out they did not know about it? You are a master in the construction industry, so you recognize what to look for in your particular field and quickly observe if someone has the skillsets, and you proceed accordingly.

Accounting 102

Accounting Construction Income Maine 102

Contractor Bookkeeping

JUNE 16, 2023

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in!

Accounting 90

Accounting Construction Legal Finance 90

Construction Enquirer

JUNE 16, 2023

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. “Government Departments have made a commitment to use PBAs in construction projects unless there are compelling reasons not to do so. ”

Banking 115

Banking Accounting Procurement Contract 115

Construction Business Owner

MAY 12, 2020

Accounts payable (AP) tops that list, as businesses literally can’t function without processing payments. It’s impossible to predict how the construction industry will be impacted by these unprecedented times, but there’s help on the horizon. Jim Campbell Vice President of Sales, Construction. Accounts Payable.

Accounting 260

Accounting Budgeting Budget Industrial 260

ENR Construction

MARCH 7, 2024

Small-to-medium business enterprise accounting technology provider Sage announced a new, generative AI CoPilot and a unified cloud suite of construction products at its Las Vegas Transform conference Feb.

Sage 69

Sage Las Vegas Accounting Conference 69

Contractor Bookkeeping

JULY 22, 2022

Accounts Payable keeps track of the bills owed to a supplier or subcontractor. A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. Again, the banker wants to know how long it takes to pay your bills.

Accounting 94

Accounting Contractors Banking Insurance 94

Construction Business Owner

JUNE 25, 2019

Heavy construction is catching up to other sectors when it comes to deploying software, which is prompting contractors to closely examine the roles and integration of software solutions for field operations (where profits are made) and accounting (where profits are measured). .

Accounting 286

Accounting Profitability Software Software 286

Viewpoint Construction Technology

MARCH 13, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Project Management 294

Project Management Management Accounting Viewpoint 294

Viewpoint Construction Technology

MAY 2, 2018

Visibility throughout a construction business is critical for long-term success. It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating. percent of them still use spreadsheets for construction project management.

Accounting 156

Accounting Viewpoint Software Software 156

Contractor Bookkeeping

JULY 15, 2022

The key to making Xero Accounting Online work is ensuring your account is correctly set up and maintained. We see pretty common errors - and unfortunately costly - so you should be aware of them if you want to get the most out of Xero's powerful cloud accounting system.

Accounting 91

Accounting Construction Electrical Contractors 91

Job Order Contracting

MARCH 28, 2024

Public procurement of construction services could be improved through the adoption of currently available best management practices. How Organizational integration and alignment of cultural, professional, management, and commercial interests is also required, both internally and with construction services providers. Ballard, G.,

Procurement 189

Procurement Construction DC AIA 189

Construction Business Owner

FEBRUARY 21, 2020

How to Streamline Accounting Processes with Expense Management Tech. How you can help your company be more productive and profitable by investing in expense management technology to streamline your accounting tasks. Elizabeth Manning. Fri, 02/21/2020 - 11:43.

Accounting 240

Accounting Management Profitability Products 240

Construction Business Owner

DECEMBER 9, 2014

One of the most important, and often misunderstood, aspects of construction accounting is the relationship between work in progress (WIP) and the recognition of revenue. The failure to understand these concepts can often result in future cash flows from a project being insufficient to meet the costs yet to be incurred or owed.

Accounting 240

Accounting Cash Flow Work in Progress Construction 240

Job Order Contracting

SEPTEMBER 7, 2023

Local market, current , and granular construction task data organized via expanded CSI MasterFormat. Note: Do not use location or economic factoring.) Transparent sharing of technical, cost, and status information #3 Monitoring and continuous improvement Use of quantitative metrics and key performance indicators. .) #5

Accounting 130

Accounting Products Procurement CSI 130

Construction Business Owner

JULY 6, 2023

Eastern If you're tired of tedious, costly financial processes slowing down your construction company's growth, this one's for you. Join us for a candid conversation with Cindy Morton from Anchored Tiny Homes about how to control costs and increase visibility by leveraging technology to streamline your business' finances.

Construction 296

Construction Finance Accounting US 296

Construction Business Owner

OCTOBER 7, 2021

The Case for Cleaner Construction. According to data from the World Green Building Council, building and construction are responsible for 39% of all carbon emissions in the world. Alex Headley. Thu, 10/07/2021 - 08:30.

Construction 401

Construction Accounting Green Materials 401

Viewpoint Construction Technology

DECEMBER 6, 2022

Learn how you can make your AP process faster and easier by removing paper processes while turning your AP department into a profit center.

Accounting 169

Accounting Profitability Construction Viewpoint 169

Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

JUNE 26, 2019

For any company with a fleet of light- or medium-duty vehicles, from service contractors to vendors and those in the transportation industry, increasing profitability often comes down to fostering an environment of greater employee accountability.

Accounting 243

Accounting Profitability Transportation Environment 243

Job Order Contracting

JANUARY 30, 2024

While construction cost factors are used for estimating project costs, there are several challenges and potential problems associated with their use. Here are some common issues: Regional Variations: Construction cost factors rely on regional averages.

Construction 174

Construction Estimating Accounting Innovation 174

Construction Business Owner

JUNE 9, 2020

Why Embracing Construction Tech Leads to Sustainable Profit Growth. How your construction company can improve your accounting and accounts payable processes with construction tech and software. Elizabeth Manning. Tue, 06/09/2020 - 15:46.

Profitability 358

Profitability Sustainability Accounting Construction 358

Contractor Bookkeeping

MARCH 26, 2021

Most construction business owners who use accounting software quickly master the basics. What three reports do you need for your construction business? #1 They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions.

Accounting 105

Accounting Software Software Cash Flow 105

Contractor Bookkeeping

DECEMBER 17, 2021

If you've been considering making a move to a cloud-based accounting system, you're not alone. Cloud-based accounting moves your accounting from being hosted on your computer's hard drive to an online platform.

Accounting 91

Accounting Management Cash Flow Construction 91

Pro Builder

SEPTEMBER 15, 2020

Women Now Account For 10.3% of Construction Workforce. Employment for women in the construction industry surpassed its previous peak in 2006 last year. During the Great Recession, the number of female construction workers dropped by nearly 30% and have only now come back to pre-recession numbers, according to NAHB.

Accounting 98

Accounting Construction Employment NAHB 98

Viewpoint Construction Technology

SEPTEMBER 15, 2020

In 15 minutes, you'll learn how modern, integrated software can streamline your construction AP processes.

Accounting 263

Accounting Software Software Construction 263

Viewpoint Construction Technology

OCTOBER 10, 2013

Throughout the year, I talk to a lot of construction business owners and accounting staff who are considering a change in their construction accounting software. Not every company needs to change their construction software , but there are some definite reasons to switch, and here are my top three.

Accounting 215

Accounting Software Software Construction 215

Construction Business Owner

AUGUST 12, 2022

Meeting the demands of quality accounts payable candidates to help grow your business. But what are accounts payable (AP) professionals looking for in their career? Vice President of Construction. Accounts Payable. Status of webinar Upcoming. Thu, 09/29/2022 - 12:00. Jim Campbell. AvidXchange. . Chris Elmore.

Charlotte 295

Charlotte North Carolina Accounting Construction 295

ENR Construction

APRIL 4, 2024

The construction software giant disclosed April 1 that it is conducting an internal investigation into its own accounting practices and filed for an extension to submit its 2023 annual report with the U.S. Securities and Exchange commission.

Accounting 36

Accounting Autodesk Commissioning Security 36

Contractor Bookkeeping

MAY 14, 2021

Being a better construction business owner is not just about the habits you practice in front of others. Whether you work alone or managing a group of people, practicing accountability matters. It is often about the habits you practice behind closed doors that make you an easy person to follow.

Accounting 67

Accounting Management Construction Profitability 67

Construction Business Owner

JANUARY 4, 2024

Keep Your Hands Safe in the Workplace This Winter ccapoccia Thu, 01/04/2024 - 12:11 Hand injuries accounted for 102,350 days away from work in 2020, according to the Bureau of Labor Statistics and the National Safety Council. The winter months only increase the risk of hand injury in the construction industry.

Injury 380

Injury Statistics Accounting Risk 380