Accounting

Four Safeguards for Material and Labor Price Variability

by Vernon Howerton, Tim Fandrey | Oct 4, 2018
Accounting | Business | Project Management | Risk Management

While predicting the future is impossible, there are steps contractors can take to minimize the risk of increasing construction input prices. The key is to recognize the potential for price variability before commitments are made.

Outgrowing Excel

by Peter Menge | Sep 24, 2018
Accounting | Data Analytics | Technology

Excel’s days may be numbered in today’s fast-paced construction environment. When a business grows in scale or complexity, it may be time to invest in a more sophisticated technology tool.

Create a Succession Plan That Includes the CFO

Typically, a succession plan focuses on the CEO and operational management positions. It is rare, but important, to have a succession plan for the CFO as well.

Detect and Prevent Construction Fraud

By understanding the traits of a typical fraudster and steps to take to reduce the likelihood of insider theft, construction business owners can focus on protecting their liabilities, securing new contracts and overseeing their clients’ projects.

Address New Accounting Standards Now to Ensure Business Stability

by Tina Perez | Aug 14, 2018
Accounting | Business | Finance

Contractors must make compliance with the new revenue recognition standards a corporate priority. The organizations that do will preserve their reputations with lenders and bonding companies and maintain long-term business stability.

Implications of the Tax Cuts and Jobs Act on Construction Contractors

by Michael J. Herzog | Aug 9, 2018
Accounting | Business | Legislation | Taxes

The tax reform measure that closed out 2017 resulted in the most comprehensive update to the Internal Revenue Code in more than 30 years. Here's an overview of the tax incentives impacting construction businesses.

Seven Reasons Contractors Should Consider Third-Party POS Financing

Advances in financial technology services make it possible for construction companies to offer instant credit decisions to customers at no additional cost. These turnkey financing programs offer all the benefits of an in-house financing credit system without the risk or implementation costs.

2018 Executive Insights: Construction Accounting

by Construction Executive | Jul 23, 2018
Accounting | Business | Finance | Productivity

Industry experts share their insights on construction accounting best practices.

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Four Safeguards for Material and Labor Price Variability

Outgrowing Excel

Create a Succession Plan That Includes the CFO

Detect and Prevent Construction Fraud

Address New Accounting Standards Now to Ensure Business Stability

Implications of the Tax Cuts and Jobs Act on Construction Contractors

Seven Reasons Contractors Should Consider Third-Party POS Financing

2018 Executive Insights: Construction Accounting

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