Remove Banking Remove Insurance Remove Schedule
article thumbnail

Common Construction Contractor Bookkeeping Issues With Accounts Payable

Contractor Bookkeeping

The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due. The bills keep coming depending on your payment schedule; you may receive the past reminder notice before the original invoice arrives.

article thumbnail

Viewpoint: The Case for Neutral, Third-Party Schedulers | ENR.

ENR Construction

Banking & Credit Crisis. --> Companies. Survey Schedule. Viewpoint: The Case for Neutral, Third-Party Schedulers. I was recently asked to participate in a debate on scheduling specifications at Stanford University. Contractors routinely ignore scheduling specifications and their own CPM schedules.

professionals

Sign Up for our Newsletter

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

article thumbnail

HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

Finance 120
article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Bank Balance - Un-cleared Checks) = Cash. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating. Bank Account - Petty Cash. Bank Account - Payroll. Bank Account - Petty Cash. Cash On Hand.

article thumbnail

How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

There are deadlines for invoice submissions for a monthly bank withdrawal. If the contractor doesn’t meet the deadline, the invoice might not be sent to the bank and paid until the following month. This can drag out the schedule and delay payments, which increases the risk of a mechanics lien claim.

article thumbnail

Does Cheap Outsourced Contractor Bookkeeping Services Save Money?

Contractor Bookkeeping

Insurance Audit Reporting. Insurance Audit Support (Business Consulting And Accounting Office). Bank Reconciliations. Schedule of Values - CSI Cost Codes. Schedule of Values - Job Costing. Schedule of Values - General Construction. Schedule of Values - Commercial T.I. Payroll Tax Reporting – 941.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Does an electrical raceway run through a duct bank? Even the scheduling person can create a 4-D simulation (that’s one that includes time in addition to a 3-D model) of the construction project to determine the most efficient way to get the project built. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

BIM 120