Construction Law

AUGUST 5, 2024

Our CL Guide comes from Ross Campbell of DLA Piper who explains how Project Bank Accounts are being used. Public sector use is growing but the private sector might need the spur of legislation to promote their uptake, he suggests. This story is only available to subscribers to the printed edition of Construction Law.

Banking 52

Banking Accounting Construction 52

Lets Build

JUNE 7, 2019

In a recent study of self-identified business owners, accountants, bookkeepers, estimators, and finance managers within the construction industry, 1. Whatever your reason for getting into the construction business, a love for job costing and puzzling out profitability likely wasn’t a contributing factor.

Estimating 130

Estimating Banking Finance Profitability 130

Construction Dive

MAY 22, 2024

Cybercriminals used AI-generated video to pose as the AEC company's CFO and other employees, leading a staff member to transfer $25 million to Hong Kong bank accounts.

Banking 125

Banking Engineering Accounting 125

Contractor Bookkeeping

JULY 19, 2024

Unsurprisingly, the highest-risk employees for fraud have trusted roles in financial services: Accounts Payable, Accounts Receivable, accounting, and bookkeeping. To commit fraud, or in this case, embezzlement, an employee must have both access and opportunity—that is, access to funds, banking records, and accounting data.

Banking 114

Banking Accounting Risk Industrial 114

Construction Business Owner

FEBRUARY 16, 2012

ACCOUNTING |. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. STRATEGY |. MANAGEMENT |.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

SEPTEMBER 6, 2024

If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand.

Cash Flow 115

Cash Flow Banking Remodeling Industrial 115

Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177

Leases FASB Finance Accounting 177

Contractor Bookkeeping

JUNE 1, 2018

Today's Guest Article Is From Kaya Johnson, Sales Accountant. Corporations And The Influence They Have Over The World Bank. The World Bank is, in theory, an institution which treats all countries the same. The other country with major influence over the World Bank. Multinational U.S. What the end result is.

Banking 55

Banking Industrial US Accounting 55

Contractor Bookkeeping

DECEMBER 8, 2023

Have you given your bookkeeper, wife, partner), accountant or tax accountant, what information is needed to complete your reports? Accountants need good information to create detailed reports and save money on your taxes. Deadlines are fast approaching, but it doesn't have to be stressful.

Accounting 116

Accounting Banking Construction Contractors 116

Green Building Law Update

MAY 23, 2021

The bill will create business opportunities for savvy players in the environmental industrial complex, not only when it creates mandated government appropriations through 2031 that will have a net effect of $15 Million a year, but dramatically creating private sector opportunities in forest mitigation banking.

Maryland 156

Maryland Banking Housing Sustainability 156

Contractor Bookkeeping

MAY 31, 2019

Proper construction accounting is all about the details. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income. The answers you need to operate and grow your company are in reports.

Accounting 63

Accounting Profitability Overhead Banking 63

Contractor Bookkeeping

DECEMBER 20, 2019

Avoid this pitfall by using a separate credit card and bank account for business, and being disciplined about separating expenditures. Mixing business and personal expenses cost extra hours of bookkeeping each month and muddles your overall financial picture.

Accounting 66

Accounting Banking Income Deals 66

Viewpoint Construction Technology

JUNE 19, 2018

Meanwhile, JBKnowledge’s Construction Technology Report noted that workflows like accounting, estimating and project management depend more and more on integrated software. By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute.

Software 200

Software Software Viewpoint Construction 200

Levelset

FEBRUARY 11, 2022

The Chart of Accounts is the heart of every contractor’s accounting system , whether you’re using QuickBooks or any other construction accounting software. In this article, we’ll explain how a contractor’s Chart of Accounts should be set up in QuickBooks , with a free customizable template for construction. .

Accounting 52

Accounting Contractors Income Software 52

Construction Law

NOVEMBER 4, 2024

Project Bank Accounts and alliancing contracts are key measures that offer protection to the supply chain. Andrea Leigh of Trowers & Hamlins LLP looks at what can be done to protect against the worst impacts of contractor insolvency. This story is only available to subscribers to the printed edition of Construction Law.

Contractors 40

Contractors Risk Banking Accounting 40

Construction Marketing

OCTOBER 11, 2011

When you follow someone on twitter you can tap into that knowledge bank and learn from the best. This strategy also adds a altruistic feel to your Twitter account, and people may see value in following you. Promoted Twitter Accounts, promoted tweets, and promoted trends are the three basic options Twitter now has.

Construction 266

Construction News Accounting Industrial 266

Construction Business Owner

MARCH 6, 2011

ACCOUNTING |. Accounting & Finance. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. Tags accounting.

Construction 120

Construction Software Software Accounting 120

BD+C

JULY 22, 2016

With no lines and financial consultants equipped with iPads, the new PNC location on the campus of West Virginia University in Morgantown isn’t the typical bank. . And that’s not even taking into account its size. The entire bank only has 110 sf of usable space, plus room for a smart ATM.

West Virginia 81

West Virginia Virginia iPad Banking 81

Contractor Bookkeeping

JULY 30, 2014

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.

Accounting 49

Accounting Housing Construction Contractors 49

Construction Marketing

JULY 21, 2016

Financial matters (bank accounts, taxation, insurance, collections). Marketing, advertising, and social media. Protecting data and intellectual property. Employment law issues (employment contracts and policies, intellectual property, hiring and firing). Corporate record-keeping and compliance.

Legal 120

Legal Resource Agreement Employment 120

Contractor Bookkeeping

SEPTEMBER 19, 2014

Quicken was developed for regular people, not businesses, to have an electronic check register for keeping track of bank balances without having to use those tiny manual paper registries that come with every box of blank checks? If you Google “Construction Accounting Software” the results are over 20,000,000. Click Here For More.

Accounting 49

Accounting Software Software Construction 49

Construction Enquirer

MAY 9, 2023

The Northamptonshire headquartered business turned over more than £35m according to last published accounts and operated out of several branches across the south, Midlands and Wales. In 2015 Simon Kidney, coming from a former investment banking background, took up the role of CEO as part of the management buyout.

Banking 104

Banking Employment Accounting Management 104

Contractor Bookkeeping

OCTOBER 24, 2014

Please be sure to let Nicola Cairncross know Randal DeHart, The Contractors Accountant, recommended you. For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. Click Here For More.

Accounting 49

Accounting Construction Consulting Project Management 49

Contractor Bookkeeping

AUGUST 8, 2014

When John Doe* (not his real name) opened his residential remodeling company, he did just about everything himself from creating construction proposals to paying the rent, processing payroll, preparing quarterly tax returns, reconciling checking and credit card accounts and paying bills. Is Valuable Time Being Spent On Bookkeeping?

Accounting 49

Accounting Construction Contractors Project Management 49

Construction Enquirer

JUNE 18, 2023

Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators. Companies House records show Empire Properties Concepts Limited was registered in June 2021 and has posted only accounts for a dormant company since then showing £100 in the bank.

Banking 100

Banking Debt Residential Metro 100

BD+C

JULY 14, 2016

That interest you made on your savings account last year might be enough to buy a cup of coffee. If you bank with Capital One you won’t need to go too far.

Banking 40

Banking Accounting 40

Contractor Bookkeeping

JANUARY 6, 2014

In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.

Accounting 51

Accounting Contractors Work in Progress Banking 51

Contractor Bookkeeping

JUNE 9, 2017

Your Construction Accounting System started small and easy. Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while. Is it a kitchen remodel, a bath remodel, upgrading the laundry area? Building a Deck? Adding a second story addition? Adding a garage?

Accounting 48

Accounting Cash Flow Remodeling Contractors 48

Levelset

SEPTEMBER 30, 2022

Add in being denied a bank loan, and the frustrations mount. With your back against the wall, dipping into your personal bank account may feel like an easy solution. But when you take into account how long it takes for specialty contractors to get paid, it gets risky quickly, especially if you’re just starting out.

Cash Flow 52

Cash Flow Banking Finance Bidding 52

Autodesk Construction Cloud

JULY 21, 2023

Queensland’s Project Trust Account framework is designed to strengthen the security of payments to subcontractors in the state’s building and construction industry. Delivered over five major phases, the trust account framework will progressively expand over time to capture more eligible contracts and contractors.

Accounting 52

Accounting Cash Flow Security Autodesk 52

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. Anyone working in accounting or human resources has access to immense amounts of personal data. For example, banks and other financial institutions put in stronger measures than many other industries. Tags accounting. accounting software. Construction Accounting Software.

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

APRIL 1, 2014

We Are Construction Accountants. We show you how to remove unique cash flow bottlenecks which are common in contractors bookkeeping, that results in more money in the bank, reduced overhead and lowers their stress level. QuickBooks Outsourced Construction Accounting Services. Can You Relate To This? Call Sharie 206-361-3950.

Accounting 49

Accounting Contractors Project Management Cash Flow 49

Construction Dive

MARCH 1, 2018

Talib Lokhandwala reportedly deposited bribery payments into shell bank accounts, enabling him to avoid detection for years.

Banking 64

Banking Management Accounting Construction 64

Viewpoint Construction Technology

SEPTEMBER 29, 2017

Always a priority of any IT platform, security and data privacy is just as important in the construction industry as they are in banking. While financial information may not be as in-depth, our industry works on billion-dollar projects, with large amounts of money and account numbers changing hands on any given day.

Security 200

Security Software Software Construction 200

Contractor Bookkeeping

AUGUST 27, 2014

QuickBooks Premier Accountant 2000 And Up. If your QuickBooks setup was done by a QuickBooks Expert in construction accounting and maintained correctly you are riding high and living well! The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Contractor Bookkeeping

MARCH 6, 2020

Second - The Profit And Loss Balance Sheet is what Tax Accountants use. They are referred to and reviewed over and over by banks and others. This way, come tax time, everything you need is all in one place. The numbers on these reports offer a summary snapshot of your business.

Contractors 69

Contractors Banking Accounting Construction 69

Viewpoint Construction Technology

OCTOBER 17, 2018

Spectrum Month-End Processing — In this in-depth session, Viewpoint Spectrum® users were shown tips and best practices for bank reconciliations, balancing general ledgers to subledgers, processing dates and closing month periods and much more.

Viewpoint 211

Viewpoint Software Software Conference 211