ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. 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.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Lets Build

JUNE 24, 2021

Many project managers who work on projects with a lot of repetition tell us that they have to spend up to 50% of their time each week on admin-heavy tasks related to planning. Their programme is stuck on MS Project and to update it they have to go through countless WhatsApp notifications, emails, or phone calls.

Project Management 137

Project Management Management Zoning Plans 137

Contractor Bookkeeping

SEPTEMBER 12, 2014

. #1 Get Rid Of Paperwork - All it does is slow your down and the more construction projects you win the more paperwork you will have to deal with. Then develop a project plan to eliminate them, one at a time. #3 Click On The Button Below To Download A Free Guide. Business Process Management (BPM) For Contractors.

Profitability 48

Profitability Accounting Construction Project Management 48

Contractor Bookkeeping

DECEMBER 12, 2013

The topic was Ask A Bookkeeper -- Easy End of the Year Accounting and in case you are interested I pre-recorded a video of the entire presentation which you can see below. There are still a few things the accounting department needs to do. Reconcile Bank And Credit Card Accounts. Money In (Accounts Receivable).

Accounting 49

Accounting Banking Project Management Seattle 49

Contractor Bookkeeping

AUGUST 29, 2014

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. Note: A construction accountant is the best person to help you learn how your cash flow statement works. Keep your inventory as low as possible.

Cash Flow 48

Cash Flow Management Contract Accounting 48

Viewpoint Construction Technology

MAY 30, 2018

Editor’s Note: This is Part 3 of a five-part series on Construction Project Management. Previously, we looked at the complexity of construction projects and the importance of the folks working on project teams—especially the project manager who has to keep all people and processes moving on a daily basis.

Project Management 141

Project Management Management Contractors Software 141

Contractor Bookkeeping

AUGUST 1, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. QuickBooks Training General Business Webinar. Make a list and bring it to class.

Accounting 48

Accounting Project Management Contractors Washington 48

Contractor Bookkeeping

AUGUST 11, 2014

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.

Profitability 48

Profitability Contractors Accounting Income 48

ProcurementExpress.com

AUGUST 12, 2019

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Free Download: What to Include in a Daily Report Template Click Here.

Documentation 81

Documentation Contract Site Budgeting 81

Contractor Bookkeeping

FEBRUARY 10, 2014

Your Tax Bill Is Based - On reports produced from your accounting system. Several years ago the accounting departments of smaller construction companies with less than $10M in annual sales had to slog through dozens of mind numbing General Journal Entries in order to "Close The Books". Reconcile Bank And Credit Card Accounts.

Accounting 48

Accounting Construction Banking Project Management 48

Construction Cost Estimating

JUNE 5, 2012

Maxwell introduces ProContractorMX™ containing robust and comprehensible features to enhance your takeoff , estimating, and proposal management procedures. ProContractorMX Estimating Construction Project Management Software utilizes the On Premise / Client Server Operating Environment. Submit on-target bids win project.

Estimating 45

Estimating Construction Software Software 45

Contractor Bookkeeping

MAY 7, 2014

1 Internal Bookkeeping which is the day-to-day data entry, reconciling bank accounts, credit card accounts, payroll processing and the other tasks with one primary purpose. Three Levels Of Accounting. #1 1 Retail which is roughly 80% of all bookkeeping and accounting and is primarily what is taught in colleges and universities.

Accounting 48

Accounting Construction Retail Contractors 48

Contractor Bookkeeping

AUGUST 1, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. Lesson 04: Working with Bank Accounts. Make a list and bring it to class.

Accounting 48

Accounting Washington Project Management Contractors 48

Contractor Bookkeeping

JANUARY 27, 2014

Construction Accounting Services For Home Builders. Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. The best way is to use Purchase Orders in QuickBooks.

Contractors 49

Contractors Accounting Banking Profitability 49

Contractor Bookkeeping

JULY 27, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. Lesson 04: Working with Bank Accounts. Lesson 10: Setting up Inventory.

Contractors 49

Contractors Change Orders Accounting Schedule 49

ProcurementExpress.com

AUGUST 12, 2019

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Are there pending shipments holding up the project?

Documentation 52

Documentation Contract Site Budgeting 52

Contractor Bookkeeping

JULY 27, 2013

Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in Outsourced Construction Bookkeeping and Construction Accounting Services for small construction companies across the USA. Lesson 04: Working with Bank Accounts. Lesson 10: Setting up Inventory.

Contractors 49

Contractors Change Orders Accounting Schedule 49

Construction Cost Estimating

MAY 31, 2012

It’s exclusive parametric quoting engine provides quicker, precise estimating to effortlessly capture all valuable project information required to drive material, labor & work order management, purchasing, receiving, inventory, scheduling, invoicing, and change-order management from the original estimator’s " take-off ".

Estimating 45

Estimating Inventory Fabrication Construction 45

Viewpoint Construction Technology

JUNE 13, 2018

Editor’s Note: This is the final installment in a five-part series on Construction Project Management — how innovative technologies and software are helping project managers streamline processes to build faster, smarter projects. Does it integrate well with accounting?

Project Management 137

Project Management Software Software Management 137

Autodesk Construction Cloud

DECEMBER 18, 2021

Equipment tracking software may be needed to account for all moveable equipment. A look at some construction project closeout best practices and efficiency measures can help you make the most of this critical element. Download our Ultimate Project Closeout Checklist : What Is Construction Closeout?

Change Orders 52

Change Orders Documentation Equipment Risk 52

Contractor Bookkeeping

FEBRUARY 14, 2014

The first step in Best Practices is "M" for "Marketing" then "A" for "Accounting" followed by ""P" for "Production". Do you have something I can download and read? Who will service my account? What construction accounting software do you support? Why don''t you support other accounting software? & P.A.M.".

FAQ 49

FAQ Contractors Accounting Security 49

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. Now-a-days industry-specific project management software plays an important role for expanding integrated project management modules to participate with the leading stand-alone project management systems.

Project Management 40

Project Management Software Software Accounting 40

Viewpoint Construction Technology

FEBRUARY 19, 2015

Download Spectrum Brochure. Construction Accounting. Project Management. Equipment Management. Materials Management. Purchasing + Inventory. Service Management. As with all areas of Spectrum, strong security settings ensure that only people with the proper access rights can query data.

Software 130

Software Software Construction Change Orders 130

Autodesk Construction Cloud

NOVEMBER 16, 2021

A great example of this is if a general contractor wanted to share a dashboard view with an owner who did not have an account. This broadens visibility into project data and allows teams to create custom dashboards and easily share relevant views. Dashboards | Unified Account Level UI Enhancements. Reports | Logo Management.

Autodesk 52

Autodesk Products BIM Construction 52

Contractor Bookkeeping

MAY 9, 2014

No having to find out what a construction accountant is or what skills they need to do the work. In 2004 Our Co-Founder Randal DeHart - Passed the PMP (Project Management Professional) exam after several years of construction project management experience and with an emphasis on systems engineering and process development.

US 48

US Contractors Accounting Project Management 48

ProcurementExpress.com

JULY 15, 2019

While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade]. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

SEPTEMBER 26, 2014

04 They hired a regular bookkeeper, not a construction accountant to work in their office. #05 05 They hired a freelance bookkeeper who knew nothing about construction accounting. #06 Although QuickBooks at that time lacked the power of the other construction accounting program we were using but it was a lot easier to operate.

Contractors 48

Contractors Accounting Documentation Project Management 48

Contractor Bookkeeping

MAY 15, 2013

Before starting this contractor bookkeeping services company I was raised in construction family and attended university to study accounting. In time I mastered the trade, built construction companies, dabbled in real estate investment and began using my accounting skills in our construction companies. I agree 100%.

Construction 49

Construction Accounting Documentation Software 49