Viewpoint Construction Technology

FEBRUARY 12, 2019

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

Cash Flow 130

Cash Flow Software Software Accounting 130

Contractor Bookkeeping

JANUARY 7, 2022

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.

Industrial 91

Industrial Forecasting Construction Profitability 91

Viewpoint Construction Technology

OCTOBER 23, 2018

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Let’s take a look.

Construction 241

Construction Software Software Cash Flow 241

Contractor Bookkeeping

NOVEMBER 10, 2023

While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Finding some certainty can make all the difference in the unpredictable construction business world.

Cash Flow 102

Cash Flow Budgeting Budget Forecasting 102

Viewpoint Construction Technology

MAY 7, 2019

Effectively managing the materials on jobsites with modern software can have a significant impact on contractors bottom lines. Construction materials management software has helped ease materials burdens, and with advances like the cloud, it’s getting even easier for contractors to take control of their materials processes.

Materials 247

Materials Software Software Project Management 247

Contractor Bookkeeping

MARCH 12, 2021

Although it's impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. What is Cash Flow Forecast? A cash flow forecast comprises three key elements: beginning cash balance, cash inflows (e.g.,

Cash Flow 67

Cash Flow Forecasting Contract Estimating 67

Contractor Bookkeeping

SEPTEMBER 1, 2014

One of the most common complaints we hear from contractors is they feel like they are missing out if they are not using all that QuickBooks has to offer. Most contractors are hard driving Type "A" personalities who are concerned they are paying full price for QuickBooks and only using a fraction of what it can do and it drives them crazy.

Contractors 48

Contractors Accounting Cash Flow Profitability 48

Contractor Bookkeeping

MAY 19, 2023

A cash flow forecast tracks cash flowing in and out of your business. Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. The timing of these flows enables you to identify cash-rich and cash-lean periods.

Cash Flow 99

Cash Flow Profitability Forecasting Construction 99

Construction Junkie

OCTOBER 21, 2020

Sage Intacct Construction Officially announced in March of 2020, Sage Intacct Construction gets its name from a combination of “internet” and “accounting,” as that’s precisely what it is.

Sage 145

Sage Management ProCore Construction 145

Contractor Bookkeeping

AUGUST 25, 2014

In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the micro local economy can plan ahead and earn a normal profit after paying the owners a reasonable salary. We Remove Contractor''s Unique Paperwork Frustrations.

Contractors 48

Contractors Accounting Profitability Hawaii 48

Autodesk Construction Cloud

MARCH 31, 2022

Spending on construction accounted for 13% of the global GDP in 2020; it’s expected to reach over 13.5% Asia-Pacific is projected to account for US$7.4/A$10.2 APAC projects in the pre-planning stage account for US$92.3/ Meanwhile, projects in the planning stage account for US$443/A$609 billion of pipeline value.

Statistics 98

Statistics Industrial Autodesk Construction 98

Autodesk Construction Cloud

APRIL 24, 2023

For one, market factors heavily influence labor and material expenses, making forecasts difficult and increasing the likelihood of overruns. Then there are the projects themselves, which are incredibly complex. Plus, unforeseen circumstances like weather conditions, supply chain disruptions, or regulation changes can also arise.

Profitability 97

Profitability Construction Autodesk Forecasting 97

Contractor Bookkeeping

JANUARY 14, 2013

Do you have a wife, girlfriend, partner, neighbor doing your contractor bookkeeping? Did You Know - That your construction company can have all of the benefits of a professional construction accounting staff in most cases for less than it costs to hire someone to be in your office? Emergency Accounting Services Nights And Weekends!

Contractors 55

Contractors Accounting Profitability Insurance 55

ENR Construction

AUGUST 6, 2012

How ACS Connect Smooths Jobsite Data to Accounting. Description: Shipping Project Data to Accounting With A Pause for Review. Enter your print subscription account. Industry forecasts. Specialty contractor innovation. This content is available for purchase. It is FREE of charge. for ENR subscribers. Format: HTML.

Accounting 34

Accounting FAQ News Equipment 34

Contractor Bookkeeping

FEBRUARY 28, 2014

If you are like most construction contractors your dream has turned into a bit of a nightmare which you cannot seem to wake up from. Perhaps it is time for you to experience: The Contractor Paradigm Shift! We sincerely care about all contractors and want to do our part to help and support you.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

ENR Construction

JULY 22, 2012

Laser Scanning Enhances Quality and Cuts Costs for Contractors. Description: Contractors see new, lower-cost systems as the future of as-built documentation, especially for firms performing renovations and additions. Enter your print subscription account. Industry forecasts. Specialty contractor innovation.

Contractors 65

Contractors FAQ News Education 65

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ENR Construction

AUGUST 14, 2012

Congress Grills Contractor, VA About Troubled Orlando Project. Description: Will the VA terminate the contractor or figure out the project differences and get it done? Enter your print subscription account. Industry forecasts. Specialty contractor innovation. This content is available for purchase. Format: HTML.

Contractors 54

Contractors FAQ News Education 54

Autodesk Construction Cloud

DECEMBER 7, 2021

These data points portray the current state of affairs while also forecasting what’s to come. Spending on construction accounted for 13% of the global GDP in 2020; it’s expected to reach over 13.5% The fastest-growing sector between 2020 and 2025 is forecasted to be infrastructure. Data strategy brings a competitive edge.

Statistics 52

Statistics Industrial Construction Autodesk 52

Levelset

JULY 25, 2022

Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow. However, the best way to get a handle on capital requirements is through careful financial forecasting.

Debt 97

Debt Cash Flow Equity Finance 97

Construction Business Owner

SEPTEMBER 13, 2011

ACCOUNTING |. Accounting & Finance. « Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. » Considering New Accounting Software? Kids are back at school, football has started up, and contractors all over the country are starting to consider new accounting software.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

AUGUST 30, 2022

Construction teams from head contractors to specialty contractors’ can adopt technology to capture and report the source and production processes associated with raw materials and significantly reduce the carbon footprint of a project. Technology is key to getting it right.

Transportation 85

Transportation Sustainability Infrastructure BIM 85

ENR Construction

JULY 22, 2012

Contractors Should Beware of Recovery Risks. Description: Contractors face recovery risk when they take on too much work after they’ve depleted their staff, cash and other resources. Enter your print subscription account. Industry forecasts. Specialty contractor innovation. ENR Southwest. ENR Texas & Louisiana.

Risk 48

Risk Engineering Contractors FAQ 48

Construction Marketing

JANUARY 14, 2014

Thanks to a recent partnership with The Home Depot, we were recently allowed the opportunity to test out a new app that will bring together everything that contractors need to complete their tasks on time and on budget. 93% of general contractors and 87% of subcontractors use some sort of mobile device at jobsites.

Mobility 196

Mobility Organization Contractors Products 196

ENR Construction

AUGUST 14, 2012

Contractor EDGE Development Goes Over Financial Cliff. Enter your print subscription account. Industry forecasts. Specialty contractor innovation. ENR Midwest. ENR Mountainstates. ENR New York. ENR Southeast. ENR Southwest. ENR Texas & Louisiana. This content is available for purchase. It is FREE of charge. Format: HTML.

Contractors 54

Contractors FAQ News Airports 54

Chianelli Estimating

FEBRUARY 7, 2022

These types of estimates are produced using a more vigorous accounting of available data from similar projects and are just beyond ROM estimates in the level of data they include, containing more precise information about costs, rates and quantities of materials. These also use similar projects to compare estimates. Detailed Estimate.

Estimating 60

Estimating Feasibility Construction Budgeting 60

ProcurementExpress.com

JANUARY 2, 2019

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Lets Build

MAY 11, 2020

Contractors tend to be averse to using digital technology for meetings and conferences, instead opting to take the long drive to meet clients or setting a schedule to talk to employees in person. As many contractors face several disruptions and delays, they may be unable to fulfill their end of the contract.

Industrial 178

Industrial Construction Conference Compensation 178

Carol Hagen

DECEMBER 8, 2011

Whether it’s the chief estimator, accountant or IT director, knowing what the going rates are in your area can help you budget and ultimately attract the best talent to your construction firm. Arizona Roofing Contractors Association. Associated General Contractors of America. National Electrical Contractors Association.

Arizona 135

Arizona Budgeting Budget Resource 135

Construction Business Owner

APRIL 1, 2011

ACCOUNTING |. Accounting & Finance. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Learn how better change order management and forecasting can help prevent profit fade. Tags accounting. STRATEGY |.

Cash Flow 120

Cash Flow Construction Software Software 120

Building Information Management

APRIL 24, 2012

Despite Einstein’s quote, most Owners, Contractors, and AEs are burdened by aging and outdated tools that now create more problems than they solve. But remember, they were designed some thirty years ago to deal with the mundane tasks of pen an paper accounting and forecasting. Spreadsheets are a primary example.

Estimating 40

Estimating Contractors Kentucky Software 40

Construction Cost Estimating

OCTOBER 15, 2014

useful for building contractor, owner and estimator to create perfect estimates as well as keep control across the project lifecycle efficiently. Track Fuel by Account Code - Budgeting and finding out unpredictable fuel prices can be performed individually which advances visibility and control. Hard Dollar, an ancillary of InEight Inc.,

Software 45

Software Software Estimating Construction 45

Levelset

APRIL 5, 2022

Contractors can take on more work than their cash flow will let them perform, leaving them scrambling for cash to pay their bills or their employees. Why contractors run out of cash. Otherwise, you could be overdrawn on your account. 5 strategies for contractors to help hold onto cash. Forecast cash flow.

Cash Flow 52

Cash Flow Finance Construction Materials 52

Construction Marketing

JANUARY 14, 2014

Thanks to a recent partnership with The Home Depot, we were recently allowed the opportunity to test out a new app that will bring together everything that contractors need to complete their tasks on time and on budget. 93% of general contractors and 87% of subcontractors use some sort of mobile device at jobsites.

Mobility 138

Mobility Organization Contractors Products 138

Construction Cost Estimating

MAY 23, 2012

Small home builders and contractors can improve their estimating process with Job Simplicity, a product suite from HomeFront Software. Small home builders and contractors can improve their estimating process with Job Simplicity, a product suite from HomeFront Software. Construction Cost Estimating Blog. adsense analytic. at 1:41 PM.

Estimating 55

Estimating Software Software Sage 55

Contractor Bookkeeping

JULY 18, 2012

Depending on how well the bookkeeper has trained the contractor is what determines whether the transactions are properly entered and the costs assigned to a job using the item codes or if there is one giant Journal Entry like the one shown below. Profit Is The Inevitable Result Of A Few Simple Disciplines Practiced Everyday

Profitability 54

Profitability Accounting Construction Project Management 54

Autodesk Construction Cloud

JULY 13, 2021

Issues need to be resolved quickly, questions must be answered in a timely manner, and there should be trust and accountability across the entire team. . Clashes alone account for 5% of construction spend and 52% of the $280 billion of annual rework costs are caused by poor project data and communication globally. The result?

Autodesk 52

Autodesk BIM Revit Modeling 52