ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. That’s accounting’s job, right? 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 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. That’s accounting’s job, right? 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

Contractor Bookkeeping

JUNE 11, 2013

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Contractor Bookkeeping

JUNE 18, 2013

Look at financial data as time allows and in a historical context only, no forecasting. Work primarily IN the business but not ON the business. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. Working on stuff you are not skilled in by trying to save money.

Cash Flow 48

Cash Flow Construction Change Orders Contractors 48

Contractor Bookkeeping

OCTOBER 4, 2013

Tell them you are working with a construction accountant that is involved with the bookkeeping and accounting and that you have a totally separate firm that prepares your Annual Federal Tax Return. 2 Connect With A QuickBooks Expert In Construction Accounting Services. 3 Your Income Tax Return Preparer.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Look at financial data as time allows and in a historical context only, no forecasting. Work primarily IN the business but not ON the business. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. Working on stuff you are not skilled in by trying to save money. Need Help Now?

Profitability 48

Profitability Contractors Cash Flow Accounting 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