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 90

Industrial Forecasting Construction Profitability 90

Viewpoint Construction Technology

MARCH 7, 2018

Viewpoint’s Digital Contractor Roadshow is kicking off soon and we are on our way to a city near you ! In order to keep you informed of new technology trends and best practices in an ever-changing industry, we are bringing the top thought leaders of the industry to share valuable and timely insights for your construction company.

Contractors 219

Contractors Consulting Project Management Management 219

Viewpoint Construction Technology

FEBRUARY 7, 2019

A Challenging Industry Warrants Sophisticated Tools. Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. Here are 6 reasons contractors have told us they love our Spectrum Business Intelligence tool.

Contractors 204

Contractors Cash Flow Construction Management 204

Contractor Bookkeeping

SEPTEMBER 5, 2013

When A Contractor Brags About Getting Referrals It Drives Me Crazy! All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. Oddly enough they cautioned me not to work for.guess who?

Profitability 49

Profitability Contractors Accounting Income 49

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Autodesk Construction Cloud

SEPTEMBER 13, 2022

As with every industry, everything ultimately boils down to the bottom line. Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . However, the industry is at a pressure point and unfortunately, the unexpected is one of the few things companies can expect.

Autodesk 105

Autodesk Risk Industrial Construction 105

Construction Enquirer

JUNE 21, 2023

The cost of complying with the Building Safety Act has blown a hole in the latest accounts from Willmott Dixon. And the contractor vowed to go after “designers, fire engineers, supply chain and insurers” to reclaim a “substantial portion” of the £62m it has set aside for building safety and cladding retrofits.

Safety 82

Safety Insurance Accounting Regulation 82

Safety Services Company

DECEMBER 1, 2023

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

Safety Bidding Contract Liability 109

Contractor Bookkeeping

AUGUST 30, 2013

More Secrets From Our Experiences With Successful Contractors. We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. The differences in operations between the two groups are very small and yet the profit picture is massively different. Subcontractors / Specialty Contractors.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Construction Enquirer

JUNE 25, 2023

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. In many ways, you are the most important cog in our diverse and fragmented industry. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m

Cash Flow 88

Cash Flow Debt Profitability Education 88

Pro Builder

APRIL 19, 2021

5 Reasons to Use Mechanical Contractor Software. The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. The same is true for mechanical contractors. Mon, 04/19/2021 - 06:00.

Software 52

Software Software Contractors Change Orders 52

Construction Marketing

MAY 17, 2023

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

Innovation 262

Innovation Construction Safety Budgeting 262

Construction Law

JUNE 1, 2021

The Times gave more space to construction and its problems in a series spread over three days in May than the industry has probably ever received at one go from a national newspaper. The industry was characterised as ‘toxic and dysfunctional’ and racing to the bottom. None of it was good. They won’t stay so well hidden for much longer.

Industrial 52

Industrial Insurance Banking Procurement 52

Contractor Bookkeeping

AUGUST 26, 2022

Knowledge leads to profits and cash flow. In this cutthroat construction industry, you may not be able to outgrow your competition forever, but you can always outlearn them. Knowing The 80/20 Rule For Construction Contractors will surely help: 20% of your customers typically generate 80% of your net profit.

Cash Flow 96

Cash Flow Profitability Contractors Industrial 96

Construction Enquirer

JUNE 2, 2023

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures. In many ways, you are the most important cog in our diverse and fragmented industry. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m to trade creditors.

Cash Flow 97

Cash Flow Accounting Industrial US 97

Viewpoint Construction Technology

APRIL 10, 2018

Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. This can cause additional errors, delays and rework.

Management 217

Management Viewpoint Construction Software 217

Viewpoint Construction Technology

OCTOBER 16, 2018

What has become a $10 trillion-plus industry is showing no signs of slowing down, with 85 percent growth in volume expected by 2030 to around $15.5 And, as business globally gravitates further to the cloud to manage financial and operational data, so to does the construction industry. It’s an exciting time to be in construction.

Viewpoint 195

Viewpoint Software Software Accounting 195

Viewpoint Construction Technology

JANUARY 22, 2019

The short, 15-minute webinars focus on a particular industry best practice or technology highlight for contractors, helping them solve key issues they might face every day. Viewpoint product experts highlight challenges contractors face and how Viewpoint’s comprehensive suite of software solutions can help solve those challenges.

Construction 204

Construction Schedule Software Software 204

Contractor Bookkeeping

FEBRUARY 4, 2022

As your business grows–or as you look to take a minor role in your construction company–you may find the industry has become over-reliant on you, which makes it difficult for you to take a step back. Accounting - manages the money to maintain operations and produce a reasonable profit. Have you M.A.P.ped your business yet?

Accounting 89

Accounting Construction Profitability Budgeting 89

Viewpoint Construction Technology

JULY 19, 2018

The CFMA and Viewpoint share a common goal: transforming the construction industry and supporting its continued growth and success through continuing education, collaboration and innovation. That’s where organizations like CFMA play a vital part – connecting these forward-thinking minds together to help drive the industry’s future growth.

CFMA 173

CFMA Conference Viewpoint Education 173

Contractor Bookkeeping

JUNE 14, 2013

Project Management Construction Accounting Professionals (PMP) work above the line focused on generating positive outcomes and results for contractors: Increase Sales. Three cases where construction contractors need a CPA in their QuickBooks for contractors file: You apply for a large loan or line of credit over a million dollars.

Accounting 48

Accounting Construction Income Contractors 48

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. Diving Deeper into Construction Data.

Construction 241

Construction Software Software Cash Flow 241

Construction Enquirer

JUNE 8, 2023

The collapse ends weeks of speculation about the contractor which has been strangling its supply chain of payments for several months. One rival main contractor said: “Henry’s have been buying work for years and it all seems to have come to ahead as soaring costs and labour caught up with the firm.

Construction 138

Construction Maine Contractors Residential 138

Contractor Bookkeeping

JUNE 12, 2013

Contractors That Do Not Earn Large Profits see contractors bookkeeping services as overhead which leads to the following profit drains: They get a cheap computer, tiny monitor, garbage printer, tiny desk and broken down chair that even the dog would not sit in and tell the bookkeeper this is all the company can afford.

Profitability 48

Profitability Contractors Accounting Estimating 48

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

Autodesk Construction Cloud

DECEMBER 12, 2021

Other critical measurements need to be taken into account to track constructions progress and productivity–the primary factors that are going to get teams that wanted success. Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52

Autodesk Construction Cloud

JULY 13, 2023

.” This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. Have a look below. Protect your reputation.

Profitability 98

Profitability Risk Construction Autodesk 98

Contractor Bookkeeping

JANUARY 4, 2013

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!

Accounting 48

Accounting Contractors Project Management Remodeling 48

Contractor Bookkeeping

NOVEMBER 4, 2013

Xero Accounting Add Advisor. Step-By-Step Video T o Add Your Xero Accounting Advisor. Xero accounting software is very user friendly; however, like any accounting software it is a tool based upon a whole lot of accounting rules, regulations and principles. Step-By-Step Images To Add Your Xero Accounting Advisor.

Accounting 48

Accounting Project Management US Profitability 48

BD+C

OCTOBER 12, 2023

3rd annual Construction Inclusion Week begins October 16-20 The annual week-long event promotes inclusion and celebrates diversity throughout the construction industry. Contractors Women in Design+Construction Construction Inclusion Week (CIW) 2023 is October 16-20, 2023. Industry organizations are hosting in-person and virtual events.

Puerto Rico 52

Puerto Rico Construction Resource Organization 52

Contractor Bookkeeping

FEBRUARY 5, 2014

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Each Branch Of Accounting serves a different function similar to how it works in construction. Certified Public Accountants (C.P.A.)

Accounting 48

Accounting Construction Profitability Contractors 48

Autodesk Construction Cloud

FEBRUARY 25, 2022

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

Safety Debt Liability Equity 94

Construction Enquirer

AUGUST 29, 2023

“Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation. Latest results for the firm for the year to November 30 2022 show pre-tax profits steady at £6.1m from £6m last time despite a dip in turnover to £83.3m

Risk 77

Risk Profitability Security Engineering 77

Contractor Bookkeeping

NOVEMBER 4, 2013

Step-By-Step Video T o Add Your Xero Accounting Online Advisor. Xero Accounting Online is very user friendly; however, like any accounting software it is a tool based upon a whole lot of accounting rules, regulations and principles. One hour consultation to find out if we can help with your Xero Accounting company FREE!

Accounting 48

Accounting Project Management US Contractors 48

Viewpoint Construction Technology

MAY 9, 2019

In an industry as large and complex as construction, simplifying processes in any way possible can reap significant benefits for contractors in terms in of productivity, mitigated project risks and profitability. Cloud-based software is helping contractors access data quicker and make more informed decisions in the field.

Software 218

Software Software Organization Contractors 218

Viewpoint Construction Technology

JULY 17, 2018

Attend sessions taught by some of construction’s best in business valuation, succession planning, leadership and more to help you run a solid, profitable business where business thrives and the very best construction professionals want to work. There will also be plenty of opportunities to make new connections and contacts in the industry.

Conference 147

Conference Viewpoint Software Software 147

Contractor Bookkeeping

JANUARY 27, 2023

Supplies cost more, employees are hard to find, and your profits are shrinking. Be aware of what's going on in your industry and adjust. This can lead to operating at a loss - spending more money than you make. Otherwise, you will eventually run out of cash reserves and be out of business.

Profitability 95

Profitability Construction Deals Industrial 95