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The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Recognize the Revenue.
ACCOUNTING |. Accounting & Finance. Industry News. « A Change (Order) for the Better? Judging Tipis » Some Advice on ChangeOrders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how changeorders affect construction management.
ACCOUNTING |. Accounting & Finance. Industry News. Some Advice on ChangeOrders » A Change (Order) for the Better? When clients ask me about changeorders, I’m reminded of a well-circulated photo. The yacht is named “ChangeOrder.” STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry News. Considering NewAccounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.
ACCOUNTING |. Accounting & Finance. Industry News. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. Industry News. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. Industry News. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and changeorders are issued. Tags accounting. accounting software. Add new tag.
ACCOUNTING |. Accounting & Finance. Industry News. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. The good news? Learn how better changeorder management and forecasting can help prevent profit fade. Tags accounting. accounting software.
ACCOUNTING |. Accounting & Finance. Industry News. Greg is a Principal at Mountjoy, Chilton, Medley LLP , a CPA firm with a team of accountants dedicated to construction accounting. Owners need your help to meet their goals, and they may be more amenable to approving changeorders while you’re still on the job.
ACCOUNTING |. Accounting & Finance. Industry News. The right construction-specific accounting software package will allow you to easily create all of these reports with the click of a button (eliminating manual entry through Excel spreadsheets) and to supply the required reporting to your bonding agency. Tags accounting.
ACCOUNTING |. Accounting & Finance. Industry News. There’s a lot I could say here, but mostly, I just want to wish everyone a very Merry Christmas and a Happy New Year from everyone at Foundation Software. Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry News. My company’s flagship product continues to evolve, and we constantly have one goal in mind: to be the industry leader in new sales for construction accounting software. Tags accounting. accounting software. Add new tag. changeorders.
ACCOUNTING |. Accounting & Finance. Industry News. Combing the news » The Inmates Are Running the Asylum: Part 2. Tags accounting. accounting software. Add new tag. changeorders. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |.
ACCOUNTING |. Accounting & Finance. Industry News. « Combing the news. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. Tags accounting. accounting software. Add new tag. changeorders. Construction Accounting Software.
ACCOUNTING |. Accounting & Finance. Industry News. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Needless to say, most accounting departments are rather busy right now. Tags accounting. accounting software. Add new tag.
ACCOUNTING |. Accounting & Finance. Industry News. But should you rely on spreadsheets for accounting and jobs analysis? Today, new software applications – in job cost accounting, project management, estimating, etc. Tags accounting. accounting software. Add new tag. changeorders.
Construction ChangeOrder Video. This video shows you step by step the Fast Easy Accounting way to work with your Free Construction ChangeOrder Form. Recap: He found the same thing most contractors have learned about how “ChangeOrders” become favors! It''s A Small Change. While We''re At It.
ACCOUNTING |. Accounting & Finance. Industry News. NEWSFLASH: In the exciting world of construction accounting software, the inmates are in control. Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide! Tags accounting. Add new tag.
ACCOUNTING |. Accounting & Finance. Industry News. A Change (Order) for the Better? When I moved into my new home, I made all the calls to ensure that my utilities were on prior to my move-in date. Tags accounting. accounting software. Add new tag. changeorders.
ACCOUNTING |. Accounting & Finance. Industry News. Rather than looking in the review mirror after a job is complete and realizing you’re over budget, make sure you have the ability to import estimates, manage changeorders, report on committed costs, and allow your employees in the field remote access. Add new tag.
ACCOUNTING |. Accounting & Finance. Industry News. For example, maybe the first step for your business is switching from a completely manual or general accounting program to one focused just on construction. Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry News. The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a changeorder just because your team got hurt on the job! Thank you for writing the following account. Add new tag.
ACCOUNTING |. Accounting & Finance. Industry News. « Some Advice on ChangeOrders. And I must say (being a CPA myself) that for accounting folks, the level of artistry was impressive! Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry News. Project managers are used to logging information – job progress, changeorders, labor, weather, and so on. Tags accounting. accounting software. Add new tag. changeorders. Construction Accounting Software. STRATEGY |.
In many cases, they have purchased software solutions for construction-specific processes like accounting, project management or field management to rectify the situation.While this is a positive step, it’s not always ideal—especially for larger and growing contractors managing multiple projects.
ACCOUNTING |. Accounting & Finance. Industry News. And for good reason, since the way accounting and business management use software is much different from the way construction operations and project management use it. Tags accounting. accounting software. Add new tag. changeorders.
ACCOUNTING |. Accounting & Finance. Industry News. With all of the percentages in the news lately (99% here, 1% there), I found myself wondering about a different percent—the 30%. Tags accounting. accounting software. Add new tag. changeorders. Construction Accounting Software.
ACCOUNTING |. Accounting & Finance. Industry News. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Tags accounting. accounting software. Add new tag. changeorders. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. Industry News. So rather than changing the form of the software to meet the intended function, software developers keep building with what they already have established, resulting in function following (and often being limited by) form. Tags accounting. accounting software.
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