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 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

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

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

DECEMBER 5, 2013

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". Inventory Count By December 31st. Verify Profit And Loss - Does It Make Sense? Have Change Orders.

Accounting 55

Accounting Banking Project Management Contractors 55

Autodesk Construction Cloud

MAY 5, 2023

Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Operations teams, who are responsible for managing projects and ensuring profitability, increasingly assert themselves as crucial stakeholders in software procurement and adoption.

Office 52

Office Autodesk Accounting Project Management 52

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. But, the point is, construction teams can benefit more than your average business services company from the latest cloud-based software.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Viewpoint Construction Technology

FEBRUARY 19, 2015

Construction Reporting. Spectrum ® Construction Reporting software turns data into action, accessible where and when you need it. Construction Accounting. Purchasing + Inventory. See the information you need to see in formats that make sense to you. Case Study: Reporting – Interstate Electrical Services.

Software 130

Software Software Construction Change Orders 130

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. 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]. Automate P2P.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52

Contractor Bookkeeping

FEBRUARY 14, 2014

We have owned and operated several construction companies from the early 1970''s until 2000 and experienced just about every good, bad and ugly thing possible. It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit.

FAQ 49

FAQ Contractors Accounting Security 49

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. Nothing is further from the truth. We know what to do!

Cash Flow 48

Cash Flow Remodeling Profitability Banking 48