ProcurementExpress.com

JANUARY 2, 2019

Let me tell you about Construction’s Secret Weapon. 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.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

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. How Does WIP Fit into the Construction Business?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JULY 18, 2012

You would never hire a rough-in electrician with a background in new construction commercial work to be part of your residential remodeling crew because they are trained to rip and tear and work fast will little or no concern for anyone or anything that gets in their way. Inventory Tracking - Can be a nightmare and we have a system for it.

Electrical 48

Electrical Contractors Cash Flow Commissioning 48

Contractor Bookkeeping

JULY 18, 2012

You would never hire a rough-in plumber with a background in new construction commercial work to be part of your residential remodeling crew because they are trained to rip and tear, yell, get aggressive and bully everyone and everything in their way. Construction bookkeeping you need people trained in construction bookkeeping.

Contractors 48

Contractors Cash Flow Commissioning Work in Progress 48

Contractor Bookkeeping

AUGUST 30, 2013

We Serve Several Highly P rofitable Construction Companies and some not as profitable ones. Invite Your Construction Bookkeeper To A Jobsite For Half A Day. A qualified construction bookkeeper understands things a regular bookkeeper does not for example: Job Labor Costs And Utilization Factors. Job Material Inventory Costs.

Profitability 48

Profitability Contractors Accounting Cash Flow 48

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Cost Estimating Blog. Construction Project Management & accounting software plays a vital role for construction companies. Construction companies can reap huge benefits by applying the Project management software in their projects. Construction Suite. adsense analytic. Tuesday, February 21, 2012.

Project Management 40

Project Management Software Software Accounting 40

Contractor Bookkeeping

JULY 18, 2012

You would never hire a construction worker with a background in residential roofing to be on your night crew doing a restaurant build out because they are trained to work outside in the sunshine and not be bothered with other trades. Construction Marketing Resources. QuickBooks Setup For Construction Company. We know what to do!

Commercial 54

Commercial Contractors Remodeling Cash Flow 54

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Additionally, third-party stakeholder collaboration (e.g.,

Office 52

Office Autodesk Accounting Project Management 52

Contractor Bookkeeping

JULY 18, 2012

You would never hire a construction worker with a background as a handyman to be on your framing crew because they are trained to take their time, lay out tarps in the work area and think about every piece of lumber before cutting and installing it. Construction Marketing Resources. QuickBooks Setup For Construction Company.

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48