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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

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. Identify the Contract.

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3 Keys for Contractors to Navigate New Revenue Recognition Standards

Viewpoint Construction Technology

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. Understand the Effect on Construction Accounting.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

In the back office, the accounting team sees the change updated in real time, and in the executive suite, the CFO or owner looking at real-time job costs can see changes approved changes reflected in the figures as they occur. To explore all Viewpoint has to offer, get in touch with us. Lack of Effective Communication.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Chuck Elyea, Viewpoint Software’s market development manager and CBO will conduct a webinar on April 28 at 1 p.m. Tags accounting. accounting software. Construction Accounting Software. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. CBO magazine and Viewpoint Construction Software are pleased to present the webinar, “Managing Information Overload: Transitioning to a Paperless Environment” on June 21 at 1 p.m. Tags accounting. accounting software. Construction Accounting Software.

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Overcoming Regulatory Barriers When Bidding in a New State

Viewpoint Construction Technology

Disclaimer: Harbor Compliance is not an accounting or law firm and does not provide tax, financial, or legal advice. Christian Haring is an account executive at Harbor Compliance , specializing in professional licensing for engineering, architecture and construction firms.

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Relationship between the designer and the contractor

Construction Business Owner

ACCOUNTING |. Accounting & Finance. I found myself wishing that there was a neutral corner to which each opposing viewpoint could be sent for a standing eight count in order to clear their minds and start the discussion over. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |.