Remove Accounting Remove Forecasting Remove Overhead
article thumbnail

The Future Is Building at Viewpoint Collaborate 2017

Viewpoint Construction Technology

As the overheads dimmed, Viewpoint CEO Manolis Kotzabasakis took the stage to welcome the almost 2,000 attendees of the largest construction software conference in the United States, the Viewpoint 2017 Collaborate User Conference , to the official start of the week. The music was pumping and the crowd was ready. What’s in store.

Viewpoint 189
article thumbnail

Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

article thumbnail

Contractors Online Accounting With QuickBooks Desktop Version

Contractor Bookkeeping

Online bookkeeping has several advantages: 24/7 Access to your accounting data. You do not own your accounting information which means as long as you are in their good graces you are O.K. 02 Qualified Accounting firm To Act As Liaison. Online Accounting Services Saves You Time And Stress. Automatic backup. per hour!

article thumbnail

3 Decisions that Keep Construction Owners Up at Night 

Autodesk Construction Cloud

With design and construction accounting for just 10-20% of a building's total lifecycle cost, the key to unlocking higher profits lies in optimizing the performance of your capital assets. Utilize cost and estimation data Tap into historical and actual data to forecast and plan for expansion, repairs, and rehab. Consider the following.

Autodesk 122
article thumbnail

LEAN Collaborative Construction Practices Construction Cost Estimating

Job Order Contracting

Indirect Cost – Overhead items or costs incurred for the benefit of more than one project are indirect costs. The earned value technique involves developing these key values for each schedule activity, work package, or control account. As the project progresses, the forecasts are adjusted. Formula: CPI=EV/AC.

article thumbnail

Types of Capital for Construction Businesses

Levelset

That’s because other forms of capital — like labor or equipment — can’t generate value if you don’t have enough cash to take on new jobs, acquire materials, or cover overhead. However, the best way to get a handle on capital requirements is through careful financial forecasting. 3 types of capital for construction.

Debt 97