ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. When the payment hits their account, they may mistake it for profit. That’s accounting’s job, right?

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. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. When the payment hits their account, they may mistake it for profit. That’s accounting’s job, right?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Viewpoint Construction Technology

FEBRUARY 12, 2019

At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries. A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Ad-hoc reports.

Cash Flow 130

Cash Flow Software Software Accounting 130

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Contractor''s Business Round Table Reduces Profits.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Contractor Bookkeeping

FEBRUARY 28, 2014

Construction Company Failure Root Causes: Working for customers instead of clients and not charging enough (The 80-20 Rule). Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Best Practices Construction Law

NOVEMBER 26, 2012

First, pay attention to payment terms, including whether payment is based upon work in place or equal installments. Also, consider eliminating any retainage provisions, if possible, or including a phased-out retainage so that your entire gross profit is not left until the project is completed.

Cash Flow 48

Cash Flow Project Management Change Orders Agreement 48

Contractor Bookkeeping

SEPTEMBER 29, 2012

Financial Profit And Growth Coaching For Contractors! Consulting To Help Setup Budgets And Forecasts! Work In Progress (WIP) Reporting. Profit & Loss statement anytime YOU want it! Store And Retrieve Documents With 24/7 Access! Remote Access To QuickBooks Desktop Version 24/7! Quarterly Tax Return Processing.

Construction 48

Construction Accounting Contractors Profitability 48