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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price. Army Job Order Contracts fail to meet critical AFARS requirements most of the time. 5117.9001 Definitions.

Contract 228
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House Builders Want Unique Construction Accounting

Contractor Bookkeeping

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. STRATEGY |.

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Benefits of Construction Mobile Apps

Construction Marketing

Construction firm owners are beginning to truly understand the benefits of using smartphone and tablet devices for work. Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. Now, even small firms can afford to construct and implement mobile apps into their business.

Mobility 232
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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. As he was telling me about his experience, I started thinking about silos in our clients’ construction businesses. STRATEGY |. MANAGEMENT |.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.