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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. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Determine how to account for each lease.

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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

Two contractors working for a construction firm bid for projects in the same city —we’ll call them Mark and Bob. Both contractors have operated with their firms for over 15 years, employ qualified workers, and boast high-level capability to take on major commercial jobs. Consider this! Here’s where things change.

Safety 109
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Contractor Accounting Vs. Regular Accounting

Contractor Bookkeeping

All Accounting Methods Share The Same Accounting Equations. Assets - Liabilities) = Equity. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world. Regular Accounting - Is roughly 80% of all accounting and Accounting for businesses in the world.

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Delrin Joins *ISNetworld®

Safety Services Company

Delrin has recently joined the extensive network of hiring clients within *ISNetworld® , becoming one of nearly 700 entities utilizing the contractor management platform. Contact us today and learn how we can help you with your contractor management platforms.

Safety 48
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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. For one thing, circumstances can change quickly in today’s uncertain construction industry. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities .

Safety 94
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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. Mid-Continent Casualty Co. ,

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The Contractors Accountant And What We Can Do For You

Contractor Bookkeeping

The Contractors Accountant, Randal DeHart. I have been where you are now Having worked in the trades, owned and operated construction businesses and being trained in construction bookkeeping and accounting I understand what it takes to run a successful construction business. We know what to do!