Accounting

How Advanced Construction Accounting Technology Can Help Contractors Recover From COVID-19

by Manipal Dhariwal | Jul 5, 2020
Accounting | Project Management | Technology

Technology could be the boon that brings contractors back stronger than ever from the COVID-19 pandemic as they map losses, risk and opportunities with construction accounting software.

Selecting Construction Management and Accounting Software—What Contractors Should Know

by Chuck Schwartz, Dawn Meeker | Jun 20, 2020
Accounting | Productivity | Technology

Before purchasing accounting or construction management software, ask the right questions, be open to new processes and improvements, and build from a solid foundation.

FASB Defers the Effective Date for the Revenue Recognition and Lease Accounting Standards in Response to COVID-19

by Matthew J. Boland | Jun 20, 2020
Accounting | Business | Finance

Due to the stress of coronavirus, FASB issued an ASU that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance.

Leveraging Accounts Payable Technology Can Help Contractors Weather the COVID-19 Crisis

As construction firms work to protect their employees, manage cash flow and keep the lights on, technology like digital AP solutions can help them weather the crisis and introduce efficiencies to remain viable and competitive well into the future.

R&D Tax Credit Can Boost Cash Flow for Construction Companies

by Louis Guay | Jun 11, 2020
Accounting | Business | Finance | Taxes

With the COVID-19 pandemic disrupting construction projects across the country, contractors should take a closer look at the federal R&D tax credit and how this lucrative tax incentive could mitigate the financial impact of this crisis.

How Accounting Systems Can Help Improve Cash Flow

by John Blake | Jun 8, 2020
Accounting | Business | Finance

During an economic crisis, it’s important to be a few steps ahead of the competition with a sound accounting system. When business leaders can rely on their accounting systems and financial reports, they have found the key to winning more contracts and turning a profit.

Contractors Have More Project and Payment Delays Than They Think

by Scott Wolfe Jr. | May 20, 2020
Accounting | Business | Finance

COVID-19 is transforming the way construction work is planned, completed and paid for, so contractors need to transform jobsite processes. Those that plan work properly, communicate openly and protect payments every time will be in the best position to meet the demands of a post-COVID-19 construction economy.

A Contractor’s Guide to Getting Paid Through Mechanics Liens

Contractors and suppliers need to be familiar with the tools available to ensure they receive fair compensation for the labor provided and materials used on projects. The most powerful of these tools is the mechanics lien.

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How Advanced Construction Accounting Technology Can Help Contractors Recover From COVID-19

Selecting Construction Management and Accounting Software—What Contractors Should Know

FASB Defers the Effective Date for the Revenue Recognition and Lease Accounting Standards in Response to COVID-19

Leveraging Accounts Payable Technology Can Help Contractors Weather the COVID-19 Crisis

R&D Tax Credit Can Boost Cash Flow for Construction Companies

How Accounting Systems Can Help Improve Cash Flow

Contractors Have More Project and Payment Delays Than They Think

A Contractor’s Guide to Getting Paid Through Mechanics Liens

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