Accounting

Financial Technology: A Top Contender to Improve Construction Payments

by Steve Wightman | Sep 14, 2017
Accounting | Business | Technology

Successful companies stockpile cash and manage working capital. The right software can help contractors keep their promises and add transparency to the payment process.

It Pays to Automate Accounts Receivables

by Ed Jordan | Aug 31, 2017
Accounting | Business

When distributors spend their time and money on building up their business, versus plugging the holes of a sinking invoice process, they can better serve customers and manage supplier relationships. Automation can help.

WIP Reports Made Easy With Construction Accounting Software

by Eric Goldstein | Aug 28, 2017
Accounting | Business

With the five main components of construction accounting—job costing, payroll, general ledger, accounts payables and accounts receivable—integrated into the same software system, contractors have access to all relevant data to take advantage of extensive reporting.

Avoid Costly, Inaccurate and Inefficient Payroll Processing

by Martin C. McCarthy | Aug 22, 2017
Accounting | Business | Finance | Taxes

Construction contractors should be careful to properly classify workers, pay prevailing wages and certify payroll on government projects, as well as pay state and local employment taxes at the right rate and for the correct amount of time a worker is on the job.

Retiring? Consider an Employee Stock Ownership Plan

by Anne Bushman and Denise Bendele | Jul 27, 2017
Accounting | Business

While employee stock ownership plans (ESOPs) function to reward employees with an ownership stake in the business they helped build, they can also offer tax advantages as an ownership-transition vehicle.

Reduce the Stress of Implementing ASC 606

by Tom Sheahan | Jul 26, 2017
Accounting | Business

There is no time to waste in beginning the implementation process for the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, Accounting Standards Codification (ASC) 606.

Exploring Self-Funded Health Care Plans

by Nathaniel Peniston | Jul 26, 2017
Accounting | Business | Safety | Total Human Health

While it’s important to keep up with the news surrounding legislation to repeal and replace The Affordable Care Act, many contractors would be well served to consider another insurance strategy right now: partially self-funded health insurance plans.

The Why and How of Computing POC

by Alan Clark | Jul 26, 2017
Accounting | Business

The percentage of completion (POC) calculation has traditionally been considered the best recognition of progress toward completion of a contract.

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Financial Technology: A Top Contender to Improve Construction Payments

It Pays to Automate Accounts Receivables

WIP Reports Made Easy With Construction Accounting Software

Avoid Costly, Inaccurate and Inefficient Payroll Processing

Retiring? Consider an Employee Stock Ownership Plan

Reduce the Stress of Implementing ASC 606

Exploring Self-Funded Health Care Plans

The Why and How of Computing POC

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