Finance

Tips for Managing Financial Risk in Construction Projects

by Nathan Croll | Jul 12, 2020
Business | Finance | Project Management

Every construction project is unique and has its own complexities. Understanding and addressing them up front and structuring the construction contract to address common pitfalls can help to reduce the risk for the owner and contractor. In the end, a successful project is in everyone’s best interest.

Leverage an Auditor’s Toolbox for Business Stability in Turbulent Times

By leveraging auditing resources, businesses can gain insight and direction for delivering stability in operations. An auditor’s perspective can help strengthen awareness of the financial impact of day-to-day business decisions made in unsettled conditions.

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.

Why Financial Planning Is Crucial to Succession

by Sarah R. Charles | Jun 11, 2020
Business | Departments | Finance

Financial planning can help leaders to address needs such as funding retirement, taking care of family, managing debt, paying any insurance premiums and setting aside funds for any hobbies or travel.

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.

How Accurately Monitoring the Weather Can Save Significant Revenue

Understanding the impact of upcoming weather at a hyperlocal level is critical for contractors. Knowing ahead of time how, when and where to schedule jobs and crews at the beginning of each day and week puts contractors in the best possible position for success.

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Tips for Managing Financial Risk in Construction Projects

Leverage an Auditor’s Toolbox for Business Stability in Turbulent Times

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

Why Financial Planning Is Crucial to Succession

How Accounting Systems Can Help Improve Cash Flow

How Accurately Monitoring the Weather Can Save Significant Revenue

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