Construction Business Owner

DECEMBER 6, 2011

ACCOUNTING |. Accounting & Finance. In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Tags accounting.

Construction 195

Construction Software Software Accounting 195

Levelset

JUNE 6, 2022

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

APRIL 5, 2012

ACCOUNTING |. Accounting & Finance. Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. First, they understand risk.

Risk 120

Risk Insurance Construction Software 120

Viewpoint Construction Technology

FEBRUARY 28, 2019

Technology Aiding Construction Finance Professionals. An insightful recent article in Construction Executive , authored by one of Viewpoint’s technology partners, Nvoicepay, highlights many of the different ways modern technology and software solutions are helping construction finance professionals do their jobs better.

Industrial 173

Industrial Retail Construction Safety 173

Viewpoint Construction Technology

FEBRUARY 12, 2019

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

Cash Flow 130

Cash Flow Software Software Accounting 130

Learn Civil Engineering

APRIL 1, 2023

Accounting plays a vital role in today’s business world as it’s the language of business. Accounting is crucial for businesses of all sizes and types. It helps businesses make informed decisions, manage finances, and comply […] It helps businesses make informed decisions, manage finances, and comply […]

Accounting 52

Accounting Finance Management Risk 52

Green Building Law Update

APRIL 24, 2022

Securities and Exchange Commission issued a long awaited proposed new ESG rule to mandate climate risk disclosures by public companies and other businesses in their supply chains. You could read the proposed rule that takes more than a ream of paper to print or read our 600 word post, SEC Climate Risk Rule is Transformative at a Cost.

Regulation 156

Regulation Accounting Drafting Organization 156

Autodesk Construction Cloud

AUGUST 12, 2021

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. That includes accounting. Sure, accounting may have a bit of a reputation for being mundane. Everything Is Moving All the Time.

Accounting 52

Accounting Software Software FASB 52

Contractor Bookkeeping

AUGUST 6, 2014

They work hard to find people and businesses and contractors that are good credit risks they can loan money too and get paid back in a timely fashion, with all of the interest due to them. 2 The financials tell the banker your bookkeeper doesn''t understand Construction Accounting. #3 The Risk Management Association (RMA).

Finance 49

Finance Accounting Construction Banking 49

Viewpoint Construction Technology

SEPTEMBER 23, 2018

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Construction Business Owner

OCTOBER 1, 2020

5 ways surety can reduce risk & maximize business success. Accounting & Finance. What Your Surety Relationship Can Do for You. Greg Ragsdale. Thu, 10/01/2020 - 08:54. You know what surety is and how to establish a relationship with an agent and a carrier. Work for public entities (i.e., Promote to rotator No. Main Image.

Virgin Islands 207

Virgin Islands Puerto Rico Samoa Rhode Island 207

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Accounts Receivable Turnover . Current Ratio . Debt Ratio .

Safety 94

Safety Debt Equity Liability 94

HardHatChat

OCTOBER 18, 2016

A big part of that is because the CFO and financial team take on the invoicing, billing, accounts payable and receivable, keeping track of the suppliers and subcontractors, and facilitating project close-out in a timely fashion. Risk Manager and Safety Officer.

Commercial 120

Commercial Safety Construction Project Management 120

Construction Business Owner

JANUARY 12, 2012

ACCOUNTING |. Accounting & Finance. While documentation management and team member prequalification may seem fairly obvious sources of added costs and risks, administrative costs may not seem so obvious. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

OCTOBER 1, 2020

5 ways surety can reduce risk & maximize business success. 5 ways surety can reduce risk & maximize business success. Accounting & Finance. What Your Surety Relationship Can Do for You. Greg Ragsdale. Thu, 10/01/2020 - 08:54. You know what surety is and how to establish a relationship with an agent and a carrier.

Virgin Islands 156

Virgin Islands Puerto Rico Samoa Rhode Island 156

ENR Construction

JULY 22, 2012

Contractors Should Beware of Recovery Risks. Description: Contractors face recovery risk when they take on too much work after they’ve depleted their staff, cash and other resources. Enter your print subscription account. Risk management. BONUS: ENR Future Tech & ENR Risk Review at no additional charge.

Risk 48

Risk Engineering Contractors FAQ 48

Green Building Law Update

JUNE 27, 2021

Alongside enhanced definitions, the EU is in the process of adopting standardized processes through its Non-Financial Reporting Directive and Sustainable Finance Disclosure Regulation. These measures form part of a broader suite of ESG initiatives designed to channel funding to genuinely sustainable, rather than greenwashed investments.

Regulation 156

Regulation Security Foundation Sustainability 156

Contractor Bookkeeping

DECEMBER 3, 2013

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

Accounting 49

Accounting Washington Leases Insurance 49

Stok

NOVEMBER 16, 2022

Guest post by Joe Miller , Member of USGBC Delegation to COP27 One topic of urgent and primary focus at COP has been around how and who will finance the changes of climate change. One of the primary levers being discussed to adjust this parity is realistically pricing transition risk into the market.

Risk 52

Risk Income Liability Banking 52

Construction Business Owner

AUGUST 19, 2011

ACCOUNTING |. Accounting & Finance. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Tags accounting.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MARCH 1, 2012

ACCOUNTING |. Accounting & Finance. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. SOFTWARE |.

Construction 120

Construction Cash Flow Security Software 120

Pro Builder

DECEMBER 14, 2022

Just 3 in 100 Pandemic Homebuyers Are at Risk of Falling Underwater on Their Mortgage in 2023. Prices falling about 4% to $380,000 by the end of next year still leaves them with about $50,000 in home-price appreciation without accounting for the mortgage payments they have made in the last two years. . Financing. Affordability.

Risk 52

Risk Equity Finance Accounting 52

Construction Business Owner

FEBRUARY 2, 2012

ACCOUNTING |. Accounting & Finance. In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. Tags accounting. accounting software. Construction Accounting Software.

Construction 120

Construction Software Software Accounting 120

Construction Law

NOVEMBER 4, 2024

News Our regular news round up reports on a major review of water industry regulation; a rail group urging the use of private finance; and a call for standard form contracts to be left unamended. Project Bank Accounts and alliancing contracts are key measures that offer protection to the supply chain.

Construction 40

Construction Insurance Contract Liability 40

Levelset

MARCH 21, 2022

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. Finance job costs for longer payment cycles. Financing options allow contractors to extend repayment of those costs , giving you more time to collect from the owner or insurance company. Protect your lien rights.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Construction Business Owner

OCTOBER 10, 2011

ACCOUNTING |. Accounting & Finance. Apparently, costs shared across jobs were not being accounted for properly. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Construction Law.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 9, 2012

ACCOUNTING |. Accounting & Finance. Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

FEBRUARY 23, 2012

ACCOUNTING |. Accounting & Finance. Anyone working in accounting or human resources has access to immense amounts of personal data. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management.

Security 120

Security Construction Software Software 120

Levelset

JULY 25, 2022

Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow. Working capital measures the difference between a construction company’s current assets and current liabilities.

Debt 97

Debt Cash Flow Equity Finance 97

Lets Build

APRIL 15, 2020

Managing complex data in intersecting tasks and teams include confirming a project’s justification, developing project schedules and goals, maintaining commitments for a project, holding people accountable, and avoiding common project pitfalls. Are all project risks identified and are there preparation plans to address them?

Project Management 148

Project Management Management Construction Feasibility 148

Green Building Law Update

OCTOBER 13, 2019

The Bill if enacted would also create a new permanent Sustainable Finance Advisory Committee that must within 180 days of first meeting submit to the SEC “recommendations about what ESG metrics” the SEC should require be disclosed. But again, there is no realistic scenario under which this becomes law. Capitalism has and will drive progress.

DC 120

DC Sustainability Risk Liability 120

Viewpoint Construction Technology

AUGUST 15, 2018

Furthermore, there are risks associated with ongoing integration when one supplier changes components of their platform which may affect another. A risk with multiple vendors is that you have more exposure to the outside world and more data breach points which could be exploited. Laborious procurement.

Software 130

Software Software Viewpoint Construction 130

Construction Business Owner

APRIL 12, 2012

ACCOUNTING |. Accounting & Finance. « The Business of Construction Risk Management. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

MARCH 29, 2012

ACCOUNTING |. Accounting & Finance. The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.

BIM 120

BIM Construction Software Software 120

Construction Business Owner

JANUARY 4, 2011

ACCOUNTING |. Accounting & Finance. Some well managed businesses took some overly aggressive risks and are no longer with us. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management.

Construction 120

Construction Software Software US 120

ENR Construction

AUGUST 6, 2012

How ACS Connect Smooths Jobsite Data to Accounting. Description: Shipping Project Data to Accounting With A Pause for Review. Enter your print subscription account. Risk management. BONUS: ENR Future Tech & ENR Risk Review at no additional charge. Rebuilding Japan. Gulf Oil Spill. Building Types. Sustainability.

Accounting 34

Accounting FAQ News Equipment 34

Construction Cost Estimating

FEBRUARY 21, 2012

Construction Project Management & accounting software plays a vital role for construction companies. The software is compatible with Microsoft Project and can monitor issues, risks, action items, glossary, benefits, scope changes, budget and expenditure, benefits, roles and responsibilities, phases, and even diary notes into one database.

Project Management 40

Project Management Software Software Accounting 40