Remove Accounting Remove Download Remove Income Remove Inventory
article thumbnail

Service Management Construction Software | Construction Manager Software

Viewpoint Construction Technology

Create or append work orders from incoming service requests. Transaction information flows seamlessly between Service Management and other applications throughout Spectrum, including: Accounts Receivable, Accounts Payable and General Ledger. Download Spectrum Brochure. Construction Accounting. Request a Demo.

Software 130
article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet.

professionals

Sign Up for our Newsletter

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

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

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. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet. Click To Tweet.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Construction Company cash flow is the movement of money in and out of your Construction Company; these movements are known in accounting circles as inflow and outflow. Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. Cash is king!

article thumbnail

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Our In-depth Analysis Of QuickBooks Revealed These Critical Issues: The Chart of Accounts Was one of the worst QuickBooks Setup we have seen in the past ten years. It was obvious to us QuickBooks Setup was done by someone with very little if any experience in accounting let alone construction accounting. Click Here For More.

article thumbnail

How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. Free Download: What to Include in a Daily Report Template Click Here. Reports bring some accountability into the fold, helping people identify the “why” behind overruns and delays.

article thumbnail

How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . content_upgrade cu_id=”4553″]Free Download: What to Include in a Daily Report Template[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade].