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

ProcurementExpress.com

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. Well, not exactly.

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

ProcurementExpress.com

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. Well, not exactly.

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Top 10 ERP Solutions for Construction Firms

Construction Marketing

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Reflex ERP.

Software 200
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New in Autodesk Construction Cloud: 40+ Product Releases You Should Know in May

Autodesk Construction Cloud

Library | Import Form Templates into Library – Now on web, account administrators can import Form templates from BIM 360 and PlanGrid projects into Library in Autodesk Construction Cloud, reducing time spent recreating templates and making it easy to standardize and share best practices across projects.

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Unique Contractor Bookkeeper Ride Along To Increase Company Profits

Contractor Bookkeeping

It has to be the person who is a constru ction bookkeeper, not a regular bookkeeper because the difference between construction accounting and regular accounting is night and day. Job Material Inventory Costs. Work-In-Progress (W.I.P.). Supply Chain Management Costs. Subcontractors / Specialty Contractors.

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Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

In reality bookkeeping is a bit like being a doctor; they work on two makes and one model and yet they require enormous amounts of skill and training. 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.

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

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.