Accounting

Topic 606’s Impact on Construction Contractors

by James W. Miller, Megan Moriarty | Apr 14, 2019
Accounting | Business | Finance

Topic 606 effectively replaces all legacy rules around revenue recognition, making it one of the most time-consuming accounting projects for public companies since the Sarbanes-Oxley Act was enacted more than a decade ago. Here's how private companies can comply.

Helping Project Managers Be More Efficient

by Eric Goldstein | Apr 9, 2019
Accounting | Productivity | Technology

Project managers are the backbone of a construction firm. Give them the support they need by implementing project management software that is tied to the company’s construction accounting software.

Ten Tips to Help Contractors Make More Money

by Eric Weisbrot | Mar 23, 2019
Accounting | Business | Business Development | Finance

Whether a contractor is a sole proprietor or part of a team, there are easy ways to generate more money without taking on more projects. Here are a few ways to be more profitable in the construction industry.

Now Is the Time for Contractors to Prepare for the New Lease Standard

Contractors need to make sure they have systems in place to properly implement the new lease accounting standard, and they should be discussing any changes to their financial statements with their lenders and surety underwriters.

Three Myths About Starting a Small Construction Company

by Aditya Narula | Feb 14, 2019
Accounting | Business | Business Development | Finance

A recent survey found the majority of successful entrepreneurs got started with little cash and short run rates, and it demystified the common cash flow obstacles many aspiring entrepreneurs perceive as reasons to not start a business.

New Year’s Budgeting: Why Emergency Preparedness Takes Priority

Extreme weather events can cause extensive damage. A weather mitigation plan can ensure the safety and security of commercial buildings and the people within them—particularly when it comes to electrical systems.

How Technology Can Help Construction Finance Professionals

by Jason Krankota | Feb 4, 2019
Accounting | Risk Management | Technology

CFOs can partner with IT teams to modernize their back-office systems and prepare to handle a flood of data from the field as paper processes become digital.

Five Questions New Contractors Should Ask to Determine the Right Business Classification

by Tab Burkhalter | Jan 21, 2019
Accounting | Business | Business Development

Laying the foundation for a new construction business is imperative for its long-term success. Asking the right questions will ensure fewer change orders and complications.

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Topic 606’s Impact on Construction Contractors

Helping Project Managers Be More Efficient

Ten Tips to Help Contractors Make More Money

Now Is the Time for Contractors to Prepare for the New Lease Standard

Three Myths About Starting a Small Construction Company

New Year’s Budgeting: Why Emergency Preparedness Takes Priority

How Technology Can Help Construction Finance Professionals

Five Questions New Contractors Should Ask to Determine the Right Business Classification

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