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How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes

Construction Business Owner

CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments. Promote to rotator No Rotator Image Status of webinar Featured Thu, 06/22/2023 - 12:00 1 p.m.

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Managing Accounts Receivable in QB: QuickBooks for Contractors

Levelset

The construction industry runs on credit. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Construction companies in particular need to pay close attention to their A/R balances and review them regularly. Setting up Accounts Receivable in QB.

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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

According to Gartner’s recent business continuity survey, only 12% of organisations are highly prepared to deal with the novel coronavirus. The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. Part of the work will be done remotely.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. AOBs and mechanics liens.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Starting Or Re-Starting A Construction Company Is Easy. Secret #01 Decide What You Want From Your Construction Company. Action Step - 01: On a peice of paper type and print or hand write a description of what you want from your construction company and put it into a three ring binder. If You Know Exactly What To Do.

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Construction Company Failure Root Causes

Contractor Bookkeeping

We offer the following list of root causes for the extremely high rate of construction company failure which has accelerated beginning in 2009 and continuing as of June, 2013 when this article was written. The list below comes from working with hundreds of construction companies for over thirty years. The Contractor Paradigm.

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How important is integrity (really) to marketing/business success?

Construction Marketing Ideas

Most likely, if you’ve been following the news at all, you have heard of various scandals and muck-ups, including long-undiscovered sexual abuse by political leaders, allegations of bribery in international soccer, and (for Canadians), abuse of expense account claims by senators. I wish I had a good answer to this conundrum.

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