The Dotted Line: Why the Amazon noose lawsuit is ‘a big deal’
Construction Dive
OCTOBER 31, 2023
Construction attorneys say the litigation to hold an owner and its contractors accountable for jobsite hate symbols could have broader implications.
WSP Global Buys Wood's Environmental Unit in $1.8B Deal
ENR Construction
JUNE 3, 2022
The global professional services firm says the deal advances its strategy for environmental consultjng services to account for one-third of its global annual net revenue by 2024.
Deals 
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Setting Up the Chart of Accounts: QuickBooks for Contractors
Levelset
FEBRUARY 11, 2022
The Chart of Accounts is the heart of every contractor’s accounting system , whether you’re using QuickBooks or any other construction accounting software. In this article, we’ll explain how a contractor’s Chart of Accounts should be set up in QuickBooks , with a free customizable template for construction. .
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Managing Accounts Receivable in QB: QuickBooks for Contractors
Levelset
FEBRUARY 11, 2022
As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. If your company uses QuickBooks – one of the most popular entry-level accounting platforms for contractors – you already have built-in tools that can help you manage, track, and report on their accounts receivable.
Accounting 52
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Common Bookkeeping Pitfalls And The Value Of Outsourced Accounting
Contractor Bookkeeping
DECEMBER 20, 2019
Although most construction company owners recognize the importance of careful financial management, few want to spend their time dealing with numbers. Avoid this pitfall by using a separate credit card and bank account for business, and being disciplined about separating expenditures.
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US construction & real estate industry sees a drop of 30.4% in deal activity in December 2019
BD+C
JANUARY 30, 2020
in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total of 48 deals worth $505.11m were announced in December 2019, compared to the 12-month average of 69 deals. of all deals. of all deals.
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Facilities Management and Entropy
Job Order Contracting
AUGUST 29, 2023
Certifications, traditional formal education, and professional training related to facilities life-cycle management and AECOO practices and practices have done little to address “Understanding and dealing with the concept of value.” ” Virtually every other industrial sector has a grasp of the concept of value.
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How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes
Construction Business Owner
MAY 30, 2023
CDT As a result of economic and cultural trends, construction organizations today are increasingly relying on technologies that increase efficiency — especially in accounting departments.
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Troublesome Customers Every Contractor Should Learn To Recognize And Deal With
Contractor Bookkeeping
JULY 24, 2020
Every business must deal with a variety of customers and clients. Clients are loyal, while customers will stray if they're offered a slightly lower price elsewhere. Some customers are demanding, while clients only call when they wish to hire you right away.
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A Contractor's Guide To Dealing With Customers Who Refuse To Pay
Contractor Bookkeeping
NOVEMBER 20, 2020
Owning and operating any business, including accounting, means sometimes you provide goods and services and not get paid. All construction contractors have experienced bad debt's financial pain, which is defined as a customer who refuses to pay no matter what you do. I've been there before, and it will probably happen again in the future.
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Bookkeeping And Accounting Solutions For The Busy Contractor
Contractor Bookkeeping
MAY 17, 2019
The calls, emails, messages, and walk-ins that our company deal with every day come from construction contractors, spouses or significant other, construction bookkeepers, advisors, students, and financial planners among others. I do my best to offer support even if it does not lead to an immediate request for our services.
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House builder Lane End owes £12m to suppliers
Construction Enquirer
JUNE 6, 2023
. “The joint administrators will carry out investigations to identify any potential claims which may be brought against parties either connected to or who have past dealings with the company.
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Facilities Leaders NOT Facilities Managers
Job Order Contracting
MARCH 12, 2024
Leaders are accountable are all internal and external supporting teams. #5. Leaders fully appreciate how work happens, the “flow” of production activities, and implement the right systems to deal with variances. #7. Leaders set and enforce standards; managers work without them. Leaders listen and learn, manages enable the ‘status quo’.
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How to Rebuild Your Company's Finance Skills
Construction Business Owner
JUNE 19, 2016
Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team. Consider for a moment his/her unique position in the number of different functional groups or teams that he/she interacts with on a daily basis.
Finance 192
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Austin Approves Commuter Line Construction Deal
Construction Equipment
DECEMBER 17, 2013
With a vote of 6-1, the Austin City Council approved a possible 56-year deal to share its property tax revenue with the Lone Star Rail District in hopes of building a commuter line between Georgetown and San Antonio, Texas.
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It’s No Big Deal: How a Non-Small Business Won a Small Business Set-Aside Contract
Federal Construction Contracting Blog
JANUARY 26, 2024
the Government Accountability Office (GAO) upheld the U.S. In Steiner Construction Co., Coast Guard’s (USCG) award of a $1.19 billion small business set-aside shipbuilding contract to a business concern that was later determined to be other than a small business.
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House Builders Want Unique Construction Accounting
Contractor Bookkeeping
JULY 30, 2014
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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Open Letter To Prospective Construction Accounting Clients
Contractor Bookkeeping
OCTOBER 13, 2012
Construction Accounting is different than general accounting. Most tax accountants think only what they need to do the annual tax return is important.Their answer to your questions about Work-In-Process, Job Costing, Job Profitability and anything that is not needed to fill out a tax return is "That Is Totally Unnecessary!".
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5 Ways to Prepare for New Revenue Recognition Standards
Viewpoint Construction Technology
APRIL 17, 2018
Contractors today deal with challenging projects, often with multiple performance obligations. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind.
Accounting 163
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Six Effective Ways To Save Money As A Construction Business Owner
Contractor Bookkeeping
FEBRUARY 7, 2020
Without a doubt, having someone to help deal with routine tasks can significantly improve productivity. Internships can be a real win-win: a student gets hands-on experience assisting you with marketing, accounting, or administrative work, and you get time-saving help for free. Reduce staff costs.
Accounting 66
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Rebuilding Your Company's Finance Skills
Construction Business Owner
JUNE 19, 2016
Internally, he/she may go from working with his/her immediate accounting team to dealing with the company's ownership or executive management team. Consider for a moment his/her unique position in the number of different functional groups or teams that he/she interacts with on a daily basis.
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7 Ways Contractors Can Save Money
Viewpoint Construction Technology
JULY 27, 2017
When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. As industry costs and fees increase, these tips can help you get some relief from draining the project account. Design effectively. Invest in technology.
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The Systems That Help Me Deal With Email Overload
Help Everybody Everyday
JULY 27, 2014
When you add up all the email I get in my home and work accounts, I get hundreds of emails each day. But Outlook, at least older versions, has a hard time dealing with large email accounts. If you are going to deal with email, you might as well deal with them all. How do you deal with it? Bring It, Email!
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Bid race starts for renewal of £750m consultants framework
Construction Enquirer
APRIL 25, 2023
The latest Professional Services framework is valued at £750m and will take over from the current deal when it expires in April 2024. The current deal contains 77 firms across 18 service specific lots in seven geographical regions, including civil, structural and highways engineering, building services, landscaping and building surveying. .
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Construction Company Budget Vs. Cash Flow
Contractor Bookkeeping
NOVEMBER 10, 2023
Although they often deal with the same data, their applications differ. A budget is a projection of future possibilities, enabling you to consider various sales and expense scenarios. On the other hand, a cash flow provides a record of actual expenses and sales revenue that flow into and out of your business each month.
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Online Exclusive: Accounting Basics for Small Contractors — Job Costing
Contractor Magazine
MAY 21, 2014
One of the most common financial issues I find contractors dealing with is properly determining what it costs them to be in business. Michael Bohinc, CPA. Sixth in a series. Best Practices Registered User'
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We Welcome You Into Fast Easy Accounting Family
Contractor Bookkeeping
JUNE 11, 2012
Hello Future Client We Welcome You To Fast Easy Accounting. Thank You For Asking About Our Services - This is a quick overview about Business Consulting And Accounting / Fast Easy Accounting. Business Consulting And Accounting. How We Work: The Phone Call. It’s the starting point of the relationship.
Accounting 48
48 Apple’s Austin Operations Center Claims Bronze 2012 Deal Of The Year From Business Facilities
Buisness Facilities Contributed Content
JANUARY 24, 2013
Apple’s selection of Austin, TX as the site for its new $304-million Operations Center is the Bronze Award winner in Business Facilities’ 2012 Economic Development Deal of the Year competition. The Apple facility in Texas will become one of four major global operations centers for the tech giant outside of its California HQ.
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What are Preliminaries in Construction Contracts?
Lets Build
MAY 11, 2022
Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. In addition, your construction project might impact adjacent structures and their neighbours, meaning that contractors need to account for costs that mitigate damage and disturbances.
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The Contractors Accountant And What We Can Do For You
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!
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Octavius buys R&W out of administration
Construction Enquirer
JULY 24, 2023
Octavius has now finalised a deal for the firm after it went into administration. Latest accounts for R&W Civil Engineering for the year to March 31 2022 show a turnover of £31.8m The Enquirer revealed last week that R&W was in talks with a potential buyer and had filed a notice of intention to appoint an administrator.
Equity 69
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How To Manage Your Construction Firm's Cash Flow During Crisis
Contractor Bookkeeping
MAY 1, 2020
Dealing with unexpected cash-flow difficulties, even if you're working hard to avoid shortfalls, is hugely distracting. If you have a properly set up accounting software , then it should be relatively easy to view your red flags weekly, monthly (or any period you set).
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67 Dollar Saving Tips for Contractors
Viewpoint Construction Technology
MAY 16, 2019
If another outfitter can provide a better deal, see if your go-to company can meet or beat it. You can avoid paying employees to stand around and wait by watching the job progress, following the weather, assessing individual worker speed and accounting for construction delays. Better Tools. Invest in Technology.
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Home Purchases by International Buyers Decline
Pro Builder
SEPTEMBER 1, 2021
Canadian and Mexican residents accounted for the largest share of U.S. residential real estate purchases last year while overall deals by foreign buyers dropped to its lowest volume in nearly a decade. North America (Canada) accounted for 8%, while Africa accounted for 4%. The 2021 International Transactions in U.S.
Travel 52
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Seven Tips To Help Your Construction Business Adjust For Inflation
Contractor Bookkeeping
JANUARY 27, 2023
If you're at the bottom of the pack price-wise, they're likely to skip over you to get a good deal. Be aware of what's going on in your industry and adjust. Customers judge a business based on perceived value. Price yourself accordingly to attract quality clients.
Online Exclusive: Accounting Basics for Small Contractors — Statement of Cashflows
Contractor Magazine
DECEMBER 2, 2013
Because of those questions, I’m going to focus specifically on that question and the financial statement that deals with that topic. Recently, a number of contractors have asked about the difference between profit and cash. Business Devlopment Registered User'
Accounting 45
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Entering Retail Space as a Non-Retailer
Wolgast Corporation
FEBRUARY 20, 2023
If a retail location is what you seek, despite the decrease in availability of the real estate, a team of leasing professionals will be the key to help non-retailers and retailers alike to enlist the right deal. Furthermore, there can be significant cost savings associated with having a professional team working for you.
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Paperwork Processes Particular To Construction Contractors
Contractor Bookkeeping
MAY 7, 2019
One of the biggest struggles contracting business owners deal with is the overwhelming amount of paper they have to organize as part of their everyday tasks. At Fast Easy Accounting, we no longer need to print and save every document in file folders and keep adding new file cabinets. Keeping important documents is necessary.
Contractors 52
52 
A Guide To Construction Client Retention
Contractor Bookkeeping
NOVEMBER 11, 2022
Why it's vital to keep existing customers Your current customers already have personal experiences dealing with your business and using its services. You won't need to spend much time, money, and energy convincing them to continue hiring you.
Remodeling 91
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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal
Contractor Bookkeeping
DECEMBER 13, 2013
If Has Just Happened to you please stop and click on Emergency Accounting or call Sharie 206-361-3950 or email her Sharie@FastEasyAccounting.com and get help now! When it happens you have a full blown emergency accounting situation! And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!
Deals 48
48 Unique Challenges And Confessions Of A Contractor's Family
Contractor Bookkeeping
APRIL 29, 2016
This is Norhalma from Fast Easy Accounting. If you don't know me yet, you must be thinking, "Well, what does she know about construction accounting?" To tell you the truth, I am neither an accountant nor a contractor. I also build, maintain, and fix stuff - only I'm in front of a computer dealing with the company's website.
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48 Dealing from the Bottom of the Deck
Business Facilities
APRIL 2, 2014
By all accounts, Tesla is an automotive game-changer. The post Dealing from the Bottom of the Deck appeared first on Business Facilities (BF) | The Source for Corporate Site Selectors. What else can you call a car without an engine that goes from 0-60 m.p.h. in four seconds or less? Musk responded in a blog post. Mid Atlantic tesla'
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How iBuying Is Taking the Stress Out of Home Flipping
Pro Builder
NOVEMBER 22, 2021
Instant buying (iBuying) accounts for only a small percentage of real estate transactions, but some buyers and sellers are turning to technology to avoid escrow periods and hurdles in the closing process. But there are drawbacks: In a sellers’ market, some homeowners may be leaving cash on the table by dealing with iBuyers.
New York 105
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Real Construction Companies Partner With Tenna to Improve Their Business
Construction Business Owner
FEBRUARY 2, 2022
They also sought to integrate their equipment management data with their accounting system, Sage, for more accurate accounting and financials. We had some specific things that we needed to ask and answer and so we worked with our accounting team and with Tenna. How Tenna Helped. Ease of Use. Business Management. Main Image.
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