Contractor Bookkeeping

FEBRUARY 21, 2025

It's a fundamental metric showing how much you spend to produce inventory relative to your sales. Any expense that contributes directly to a product's creation is included in COGS. COGS provides critical insights into your business's efficiency and profitability.

Overhead 99

Overhead Profitability Inventory Construction 99

Stok

APRIL 17, 2023

This blog post was co-authored by Stok’s Director of Carbon Services Colette Crouse and students in her Masters of the Environment Carbon Accounting & Management course at the University of Colorado, Boulder: Rebecca Billingsley, Andrea Green, and Kenny Prior (see bios below).

Accounting 98

Accounting Colorado Environment Green 98

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 Magazine

JULY 28, 2014

It was my dad’s inventory system set up in our garage. I first learned about the different kinds of fittings by helping him. Once they were sorted, I would count how many of each fitting he had in the cartons. Management Registered User'

Inventory 53

Inventory Accounting Contractors Management 53

Viewpoint Construction Technology

MAY 17, 2018

Project managers have to account for the physical building, bridge or highway work, as well as water lines, sewer lines, electricity, rights of way and easements, drainage, environmental compliance and more. workers say communication is their team’s biggest obstacle to success, followed by accountability (29 percent).

Project Management 214

Project Management Management Capterra Software 214

Construction Marketing

DECEMBER 19, 2019

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Reflex ERP.

Software 215

Software Software Construction ProCore 215

Viewpoint Construction Technology

OCTOBER 9, 2018

Having a master inventory and tracking the usage of all the materials, tools and equipment on your jobsites sounds like a basic thing to do. An accurate inventory will help prevent material and equipment loss, so you won’t waste money replacing missing or misused items. Keep Better Track of Materials and Equipment.

Contractors 189

Contractors Software Software BIM 189

Viewpoint Construction Technology

MAY 7, 2019

Accounting for all of the materials tickets produced by aggregate and lumber haulers can be a challenge. After researching a solution to one of his most vulnerable time- and cost-sapping areas, Sanson found that using the Spectrum solution streamlined the flow of data into and out of accounting and billing departments.

Materials 247

Materials Software Software Management 247

Viewpoint Construction Technology

FEBRUARY 19, 2015

Transaction information flows seamlessly between Service Management and other applications throughout Spectrum, including: Accounts Receivable, Accounts Payable and General Ledger. Construction Accounting. Purchasing + Inventory. Request a Demo. Download Spectrum Brochure. Case Study: Service Management - Wilson Electric.

Software 130

Software Software Management Construction 130

Contractor Bookkeeping

JULY 29, 2022

Some standard methods include: redirecting company checks to personal accounts and altering entries to cover up the theft. pocketing inventory or supplies. You may not know how employees can steal from you as a construction business owner. undercounting change to customers and keeping the balance.

Inventory 111

Inventory Statistics Construction Security 111

Construction Business Owner

FEBRUARY 17, 2011

ACCOUNTING |. Accounting & Finance. But should you rely on spreadsheets for accounting and jobs analysis? Today, new software applications – in job cost accounting, project management, estimating, etc. your increasing payroll, jobs, inventory, equipment, etc.), Tags accounting. accounting software.

Construction 149

Construction Software Software Accounting 149

Construction Equipment

JANUARY 28, 2013

Caterpillar 4Q profit fell 55 percent as a result of charges resulting from the accounting problems in it Chinese subsidiary, as well as slow sales because of high dealer inventories. Fourth-quarter sales and revenue were $16.1 billion, down $1.2 billion from 2011, garnering a profit of $0.7 billion versus $1.4 billion in 2012.

Profitability 79

Profitability Inventory Accounting 79

Contractor Bookkeeping

JUNE 5, 2013

What sport do you relate your accounting to? Purchase Orders / Sales Orders / Inventory / Class Tracking / Enabled Online Features / except Payroll and Merchant Services (those cost money) / Sync’d with Estimating Software – And QuickBooks advertisements make it is easy and quick too! Setting Up QuickBooks – DIY Setup.

Accounting 48

Accounting Inventory Construction Software 48

Job Order Contracting

JULY 24, 2023

Zero credible cost visibility and inability to enable cost management… another instance of Government attempt to compete with the private sector and lack of capable and continuous accountable leadership. Real property owner capacity, commitment, and accountability are fundamental requirements.

Defense 182

Defense United States Inspections Accounting 182

Viewpoint Construction Technology

MAY 31, 2017

More details below: Accounting. Accounting for ProContractor features apps to manage financials, employees, inventory, procurement, and more. The updates to the accounting module include accounts payable, financial reporting, and payroll. Check number reassignment and reprints.

Viewpoint 130

Viewpoint Mobility Software Software 130

Pro Builder

MAY 17, 2022

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide. Though likely to make a substantial difference in low-income neighborhoods with a shortage of affordable housing, the plan isn’t geared toward first-time buyers, who account for the majority of all home purchases and keep housing demand high across the U.S.

Inventory 52

Inventory Housing Plans Income 52

Job Order Contracting

JULY 30, 2024

Facilities sustainment – The maintenance and repair activities necessary to keep an inventory of facilities in good working order. First and foremost, leadership must be capable, committed, and accountable with respect to the implementation of a holistic approach to physical asset management.

Sustainability 243

Sustainability Procurement Plans Management 243

Construction Marketing

MARCH 15, 2021

Incomplete inventory management and procurement features cause stock-outs and rush orders, wreaking havoc on service schedules dependent on replacement parts and equipment. The extensive application provides connected financials, project accounting, order management, and inventory applications. But there’s a better way.

Risk 156

Risk Inventory Equipment Schedule 156

Viewpoint Construction Technology

FEBRUARY 19, 2015

Construction Accounting. Purchasing + Inventory. Case Study: Reporting – Interstate Electrical Services. Find out more about Spectrum's InfoLink. -->. Query Developer App Brief. Spectrum Overview. Project Management. Equipment Management. HR + Payroll. Materials Management. Service Management. Technology Partners.

Software 130

Software Software Construction Change Orders 130

Pro Builder

MAY 24, 2022

3D Printed Homes Won’t Be Enough to Solve a Nationwide Inventory Shortage. Large-scale 3D printers can greatly reduce construction times, but they only account for a small portion of the work required to complete a residential project. Tue, 05/24/2022 - 10:47. 3D printing technology is inching its way onto jobsites across the U.S.,

Inventory 52

Inventory Feasibility IDEA Residential 52

Green Building Law Update

MAY 1, 2022

In 2020, carbon dioxide accounted for about 79% of all U.S. In 2020, methane accounted for about 11% of all U.S. In 2020, methane accounted for about 11% of all U.S. In 2020, nitrous oxide accounted for about 7% of all U.S. greenhouse gas emissions from human activities. greenhouse gas emissions from human activities.

Maryland 156

Maryland Regulation Organization Accounting 156

Contractor Bookkeeping

OCTOBER 7, 2013

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!

Accounting 48

Accounting Contractors Documentation Profitability 48

Pro Builder

JUNE 1, 2021

Regulation costs are 11% higher today than five years ago, accounting for $93,870 of the final price of a new single-family home on average, according to the National Association of Home Builders. Regulatory Costs Increased 44% in 10 Years. cbroderick. Tue, 06/01/2021 - 10:30. Read More. . Construction. Planning + Development. Economics.

NAHB 98

NAHB Estimating Accounting Housing 98

Viewpoint Construction Technology

MAY 30, 2018

Effective project management means controlling the data flow and staying on top of transmittals, submittals, RFIs, email communications, change orders, materials, inventory, job cost and WIP reports, labor hours and wages, union rules, safety regulations, insurance and bonding, compliance data and a whole lot more.

Project Management 173

Project Management Management Contractors Software 173

Construction Marketing

JANUARY 14, 2014

Permissions Required : Location, Network Communication (View WiFi and Network Connections), Bluetooth, Storage, Phone Calls, Hardware (Audio Recording, Flashlight, Camera (Picture and Video)), Account Access, Test Access to Protected Storage.

Mobility 196

Mobility Organization Contractors Products 196

Green Building Law Update

JUNE 5, 2022

Relative Sea Level Rise The increase in ocean water levels at a specific location, taking into account both global sea level rise and local factors, such as local subsidence and uplift. An example is collecting aluminum cans, melting them down, and using the aluminum to make new cans or other aluminum products.

Organization 295

Organization Statistics Electrical Products 295

Viewpoint Construction Technology

JUNE 13, 2018

Does it integrate well with accounting? Is there a two-way street that lets data easily flow between and influence both the managing of the physical project and accounting processes? In addition to integrating with accounting, will it provide a consistent platform where data from all departments (materials, HR, inventory, etc.)

Project Management 162

Project Management Software Software Management 162

Pro Builder

APRIL 20, 2022

Residential land sales accounted for 59% of all land purchases in 2021, and by Q4, the underlying value of the residential land owned by households totaled $15 trillion, up from $13 trillion in Q4 2020. Moreover, agricultural grain prices will remain elevated due to the war in Ukraine and thereby boost demand for farmland.".

Residential 98

Residential Inventory Housing Accounting 98

Lets Build

SEPTEMBER 9, 2022

Inventory waste occurs when you store excess materials on site. Optimizing your inventory to avoid keeping too many materials (or too much labour) on site. They need to allocate the necessary resources, lead the onboarding procedures, and hold workers of all levels accountable for following lean practices.

Residential 147

Residential Construction Schedule Inventory 147

Carol Hagen

AUGUST 27, 2009

Your insurance agent may suggest you have all your accounting staff bonded to reduce the risk of hiring someone with past problems. Since the construction industry carries a high risk for inventory theft, It’s time for IT to tackle surveillance systems, barcode scanning tools, and inventory management (perhaps future blog topics).

Inventory 100

Inventory Statistics Banking Risk 100

Lets Build

JULY 24, 2017

For now, companies must ensure all their crew members have tools in hand, that their materials inventory is well-stocked, and that cranes and diggers aren’t overbooked when they’re needed. Equipment tracking software can take out a lot of the guesswork involved in such processes, ensuring that all equipment is logged and accounted for.

Software 111

Software Software Management Construction 111

Construction Equipment

MAY 12, 2017

million, Sunbelt Rentals acquires include all of the rental equipment fleet, vehicles, inventory, accounts receivable and other tangible personal property used in the business. The sale of Noble Iron's Las Angles-based subsidiary, Noble Rents, to Sunbelt Rentals has been completed.

Inventory 57

Inventory Accounting Equipment 57

Autodesk Construction Cloud

JANUARY 23, 2024

Admin Console | MFA Enforcement [Coming Soon] – Account administrators can enforce Multi-Factor Authentication (MFA) for all non-SSO individuals within and outside of their company when accessing new and existing projects within the account. When a role's name is updated, the new name is reflected across all projects in the account.

Products 105

Products Autodesk BIM Accounting 105

Pro Builder

SEPTEMBER 30, 2021

I think every functional area within home building—from land and community development to accounting and human resources, as well as the supply chain—should identify the lessons learned from the pandemic and to what extent those lessons have changed their way of doing business. Home Builders, How’s Your Supply Chain?

Inventory 98

Inventory Materials Industrial Schedule 98

Pro Builder

SEPTEMBER 30, 2021

I think every functional area within home building—from land and community development to accounting and human resources, as well as the supply chain—should identify the lessons learned from the pandemic and to what extent those lessons have changed their way of doing business. If not, they pivot and consider alternative products.

Inventory 98

Inventory Materials Industrial Schedule 98

Lets Build

JULY 7, 2020

Inventory checklist: A list of all inventory items and the upcoming material needs. Accountability will also be increased as it will be easier for stakeholders to locate the source of a mistake and take the right actions. Risk overview: Any potential risks that may affect future workdays.

Project Management 174

Project Management Construction Accidents Site 174

Green Building Law Update

FEBRUARY 6, 2022

The ‘just in time’ delivery supply chain mantras of the 1980s promising lower costs through no inventory and efficient logistics seem a distant memory. There has been a lot of talk in recent months about supply chain including that during the pandemic supply chain delays and shortages are real.

Commercial 156

Commercial California Green Organization 156