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How to Maximize Equipment Accountability for Enhanced Productivity

Construction Business Owner

How to Maximize Equipment Accountability for Enhanced Productivity ccapoccia Wed, 11/08/2023 - 08:17 Accountability is the linchpin that holds together a well-oiled operation, especially when that operation consists of many moving pieces of equipment.

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The Basics of Construction Accounting

Construction Business Owner

Construction-specific accounting methods and tools. When a contractor has decided it’s time to make the transition from standard accounting methods and tools to construction-specific accounting methods and tools, it’s best to begin by reviewing the fundamentals of construction accounting and the role it will play in the contractor’s business.

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What to Consider When Leasing Heavy Equipment

Construction Business Owner

What to Consider When Leasing Heavy Equipment. Purchasing new equipment can be a big investment, no matter the business size. The best way to move forward is to take time examining your financial options—it will benefit your bank account in the short and long term. Elizabeth Manning. Fri, 02/12/2021 - 07:32.

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Using Fall Protection Equipment Properly

Construction Business Owner

In 2011, the leading cause of worker fatalities on construction sites were falls, accounting for 251 deaths. Fatal falls are often the result of a lack of proper safety gear or the misunderstanding or misuse of equipment.

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More Time Given for Lease Accounting Changes

Construction Equipment

Certain private companies, nonprofits, and tax-exempt organizations that lease equipment have been given an important advantage in implementing new accounting rules—more time. The Financial Accounting Standards Board (FASB) recently announced that the effective date of the new lease accounting

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Setting Up the Chart of Accounts: QuickBooks for Contractors

Levelset

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

Contracts are almost never paid up front, so contractors provide labor, materials, and equipment on credit with their customers. As a result, every construction business records transactions to Accounts Receivable (A/R) until they actually receive payment. Learn more: The Ultimate Guide to Construction Accounting.