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Promote to rotator No Rotator Image Status of webinar Featured Understanding the basics of construction accounting. When a contractor conceptually understands the basics of construction accounting it accelerates the contractor’s ability to build upon that knowledge effectively. Thu, 05/16/2024 - 12:00 1:00 p.m.
Why Accurate Accounting Depends on Data Integration ccapoccia Tue, 04/30/2024 - 10:00 Construction accounting is more than just tracking numbers and compiling reports. For contractors operating with increasingly thin margins, accounting is essential for building a profitable construction business.
How to Maximize Equipment Accountability for Enhanced Productivity ccapoccia Wed, 11/08/2023 - 08:17 Accountability is the linchpin that holds together a well-oiled operation, especially when that operation consists of many moving pieces of equipment.
Construction-specific accounting methods and tools. When a contractor has decided it’s time to make the transition from standard accounting methods and tools to construction-specific accounting methods and tools, it’s best to begin by reviewing the fundamentals of construction accounting and the role it will play in the contractor’s business.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? This session will cover critical best practices and process improvements tailored specifically for accounting professionals. Learn actionable strategies to enhance efficiency, reduce errors, and leverage technology for smarter workflows.
6 Steps for Establishing Employee Accountability & Empowerment. Mon, 05/16/2022 - 15:13. Do you find yourself answering calls from your team of supervisors all day, addressing stupid questions and solving small problems? They continually ask you to make simple decisions for them.
5 Steps to Streamline Your Accounting Department ccapoccia Fri, 06/23/2023 - 12:14 Rapid innovation and digital transformation are widespread in the financial sector, compelling accounting and finance departments to reevaluate their operational efficiency.
Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses. Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job.
What Accounting Problems Are You Facing This Year, & How Are You Solving Them? ccapoccia Thu, 03/23/2023 - 15:34 Richard Harvey Vice President ICS Commercial LP
Accounts payable (AP) automation offers a powerful solution, yet many organizations are reluctant to adopt it without a clear understanding of its benefits. Despite this, more than a third remain hesitant to automate, often due to limited understanding or expertise. He resides in Center City Philadelphia with his wife and three sons.
Abraham Lincoln said the best way to predict your future is to create it. One of the United States’ greatest presidents ackowledged that everyone is in control of their own destiny. Lincoln faced one of the biggest challenges of any president: slavery.
How AI Adoption Can Advance Your Accounting Department ccapoccia Mon, 12/02/2024 - 12:05 I’ve used artificial intelligence (AI) in accounts payable for two years. And it has taught me that people are more important than ever. Driverless trucks!
This visibility is crucial for Lean construction, as it enhances cost transparency, enabling better planning, accountability, and more precise cost control. contact-form] The post Better Tools For Estimators Drive Significantly Improved Construction Cost Visibility appeared first on 4BT.
Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes. The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities.
How your construction company can improve your accounting and accounts payable processes with construction tech and software. Why Embracing Construction Tech Leads to Sustainable Profit Growth. Elizabeth Manning. Tue, 06/09/2020 - 15:46.
Accountability: An Easy Word to Say, but a Hard Word to Practice ccapoccia Wed, 07/24/2024 - 14:52 I f you ask any associate in any construction organization the top two areas of improvement, the first would probably be communication.
A lot of leaders struggle with holding people accountable. They are often afraid if they’re too tough by demanding accountability, their people will resist and potentially quit their positions. They ask me what consequences they should impose on employees to force them to be accountable.
He has worked with clients large and small, from accounting firms to resale partners and in between to ensure BILL is a solid technical and workflow fit for many industries. Peter Smith Controller Mowery Construction Peter Smith has been with Mowery Construction for over 7 years.
Of the 39%, operational emissions account for 28% and the remaining 11% comes from embodied carbon emissions, or “upfront” carbon that is associated with materials and construction processes throughout the whole building lifecycle.
It will give you a framework for generating leads, closing deals, and ultimately increasing revenue through nurturing existing accounts, thought leadership, and practical pricing discussions. A well-defined approach can increase your project pipeline and create lasting client relationships.
Keep Your Hands Safe in the Workplace This Winter ccapoccia Thu, 01/04/2024 - 12:11 Hand injuries accounted for 102,350 days away from work in 2020, according to the Bureau of Labor Statistics and the National Safety Council.
They know they must be able to generate an income statement (P&L), pay the bills, prepare payroll, collect receivables and take care of other accounting tasks. But what else?
I often tell business owners that QuickBooks is a software program, not a substitute for an accountant or experienced bookkeeper. In fact, using the software without some understanding of accounting can be more difficult and more hazardous than you would think — it’s not just a push of a button.
Users of Foundation Software, which serves 43,000 construction pros, may be at risk of intrusion if they still use default credentials, according to cybersecurity firm Huntress.
To help with your year-end tasks, take advantage of our exclusive 40% discount on Bookkeeping Templates (consulting, bookkeeping review, and outsourced accounting subscriptions excluded) and Construction Accounting Academy classes now through January 6, 2025. you can use our promo code YEAREND40.
ccapoccia Thu, 06/27/2024 - 10:03 Consider when it's time to find a new certified public accountant for your construction business. Is Your CPA Holding Back Business Growth?
The application of factors to an estimate introduces significant error as the method cannot account for a wide range of variances. Cost factors may not account for these changes, leading to significant discrepancies between estimated and actual costs.
The construction or renovation of buildings accounts for approximately 39% of the total global energy-related carbon emissions each year. Continuing the Journey to Net Zero ccapoccia Mon, 09/09/2024 - 16:11 H ere’s a fact that may be surprising — it surely was to me.
Meeting the demands of quality accounts payable candidates to help grow your business. But what are accounts payable (AP) professionals looking for in their career? Accounts Payable. Status of webinar Upcoming. Thu, 09/29/2022 - 12:00. What is most valuable to them when evaluating job opportunities? Chris Elmore. AvidXchange.
To help with your year-end bookkeeping tasks, take advantage of our exclusive 40% discount on Bookkeeping Templates (consulting, bookkeeping review, and outsourced accounting subscriptions excluded) and Construction Accounting Academy classes through January 6, 2025. you can use our promo code YEAREND40.
Water damage has long been one of the most common insurance claims in the industry, and it now accounts for up to one-third of all payouts on builder’s risk policies. The cost of those payouts has been rising steeply for several years, and insurers have consequently taken severe steps to mitigate their risks.
In fact, residential construction in the suburbs accounted for 75% of total construction at the time. By the 1950s, nearly two-thirds of all industrial construction was taking place outside of cities as suburban America was forming.
This goes beyond reshaping a company’s approach to business development; it also contributes to customer retention and expansion of opportunities within current customer accounts. Introducing a structured business development training initiative for project professionals, commonly known as a “seller-doer” program, can yield many benefits.
Labor Cost Miscalculations: Failing to account for factors like overtime, labor productivity, and prevailing wage rates, significant variations if workers compensations, can result in inaccurate labor cost estimations.
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