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Insurance, liability, and workers’ compensation . When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . Limited liability company (LLC) . 10) Business bank account and credit card. 10) Business bank account and credit card. 11) Accounting.
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. Steven Peterson.
ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Tags accounting. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Querying different type of jobs in job costing to look at profitability by type. There are plenty of construction-specific accounting packages that work the way construction does and can efficiently prepare W2s and 1099s and year-end financial reports. Tags accounting.
Reviewing QuickBooks Profit And Loss Reports - From our construction accounting clients reminded me of something I learned in my own construction businesses a long time ago. Construction accounting financial reports can be like staring at a hill of beans if you don't know what you are looking at or why.
ACCOUNTING |. Accounting & Finance. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. I was doing some research on construction accounting softwares and came across your entry. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting software , business advice , construction , corporate image , foundation software. STRATEGY |. MANAGEMENT |. SOFTWARE |.
The construction industry is complex, with various costs that influence project profitability. Understanding burden rates is essential for construction companies to accurately estimate costs and ensure projects remain profitable what is burden rate. One of the critical factors in determining project expenses is the burden rate.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting , business , business owner , construction , software , stay hungry stay foolish , steve jobs. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. « Free Webinar on Reducing Profit Fade. 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. Public Exposure and Liability on Construction Sites. STRATEGY |.
ACCOUNTING |. Accounting & Finance. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software.
Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Accounts Receivable Turnover .
ACCOUNTING |. Accounting & Finance. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Public Exposure and Liability on Construction Sites.
All Accounting Methods Share The Same Accounting Equations. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Sales - Expenses) = Profit. Assets - Liabilities) = Equity. Regular Accounting Has These Things In Common: Sales - With 1-4 categories. Cash On Hand.
Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. Using paper forms and manual processes for safety inspections can increase your firm’s liability risks and cost hundreds of hours of employee time tracking site safety rather than actually ensuring it. Work Orders. Customer Invoices.
ACCOUNTING |. Accounting & Finance. 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. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting , Apple , business , construction , software , steve jobs. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting , Christmas , construction , Construction Accounting Software , foundation , foundation software , job costing.
ACCOUNTING |. Accounting & Finance. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Greg is a Principal at Mountjoy, Chilton, Medley LLP , a CPA firm with a team of accountants dedicated to construction accounting. STRATEGY |. MANAGEMENT |. SOFTWARE |.
ACCOUNTING |. Accounting & Finance. 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. Public Exposure and Liability on Construction Sites. Tags accounting. STRATEGY |.
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. In construction, your construction-specific accounting software is often the most efficient tool you can use.
ACCOUNTING |. Accounting & Finance. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. 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! Public Exposure and Liability on Construction Sites.
ACCOUNTING |. Accounting & Finance. And risk can be a profit center, since insurance companies obviously make money. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. Green Building.
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. STRATEGY |.
ACCOUNTING |. Accounting & Finance. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. I HAVE, however, been involved (both directly and indirectly) with the sale of construction accounting software since 1981, and I’ve seen way too many of our competitors’ salespeople who never bothered to learn their product, and cannot speak intelligently on what it can or can’t do.
ACCOUNTING |. Accounting & Finance. And I must say (being a CPA myself) that for accounting folks, the level of artistry was impressive! But without exception, the story that each team told through their symbols focused on people, not projects or profits. Public Exposure and Liability on Construction Sites.
ACCOUNTING |. Accounting & Finance. 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. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Lines of credit are meant to be a short-term cash solution while you’re waiting for accounts receivable to come in. Banks are attracted to profitable business.
ACCOUNTING |. Accounting & Finance. Staying Focused in the Fight Against Profit Fade » Connecting in Construction. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |.
ACCOUNTING |. Accounting & Finance. « Staying Focused in the Fight Against Profit Fade. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.
ACCOUNTING |. Accounting & Finance. 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. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |.
ACCOUNTING |. Accounting & Finance. « Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.
ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. Tags: accounting , business , construction , Construction Accounting Software , growth , Owner , software. STRATEGY |. MANAGEMENT |.
ACCOUNTING |. Accounting & Finance. I just finished reading Steven Rattner’s book, Overhaul – An insider’s account of the emergency rescue of the automakers. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software.
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