Remove Accounting Remove Consulting Remove Overhead Remove Project Management
article thumbnail

ConstructionPro Network blog: Diverse, high-level information to help make better project management decisions

Construction Marketing Ideas

.’s ConstructionPro Network blog takes business seriously, and in the process, provides some really useful tools (and warnings) for contractors and professional services concerned about contract and project management, disputes, and best practices within the industry. The contractor was awarded some of its accounting costs.

article thumbnail

Basic Accounting Terminology for PMs

PSMJ Resources

Professional service firms use accrual based accounting methodology, not cash-based, and once this is understood everything gets much simpler. Taxes are calculated on a cash basis, regardless of the accounting methodology used for recognizing revenue. You invoice and collect cash based on the terms in your contracts.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Your Clients Think Of You, The Consultant

PSMJ Resources

by: PSMJ''s Public Works Project Management Consultant, Michael Ellegood, P.E. Whenever I work with consultants, I am often asked how do our clients, particularly public agency clients, think of us in the private sector consultant world. Skeptic: “Consultants are merely vendors.

article thumbnail

Fast Easy Accounting Overview What We Do For Contractors

Contractor Bookkeeping

We Are Construction Accountants. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. Business Process Management (BPM) For Contractors. QuickBooks Outsourced Construction Accounting Services.

article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

Each Branch Of Accounting serves a different function similar to how it works in construction. Three Accounting Skillsets = Three Types Of People. Bookkeepers are the lowest paid and the least skilled accounting specialist. Accountants are the next highest paid accounting specialist. Most C.P.A. Most C.P.A.

article thumbnail

Contractors Online Accounting With QuickBooks Desktop Version

Contractor Bookkeeping

Online bookkeeping has several advantages: 24/7 Access to your accounting data. You do not own your accounting information which means as long as you are in their good graces you are O.K. 02 Qualified Accounting firm To Act As Liaison. Online Accounting Services Saves You Time And Stress. Automatic backup. per hour!

article thumbnail

How Much Does Rework Really Cost Your Job and What Can You Do to Stop It?

Construction Junkie

Unsatisfied with stopping at direct cost, the researches at Navigant then turned their attention to overhead costs, which include managerial, supervisor, and site safety costs. With both the direct and indirect factors combined, it was determined that the median cost rework accounts for is 9% of the total project cost!