Finance

Cash Basis Method of Accounting Opens Doors in the Construction Industry

by Stephen J. Slade | Mar 10, 2020
Accounting | Business | Finance

The cash basis method of accounting has been available for small businesses grossing $10 million or less per year, and the threshold has now more than doubled. Today, if a business generates revenue of up to $26 million, it can take advantage of this accounting strategy.

Understanding Total Cost of Equipment Ownership

by Bret Kasubke | Mar 10, 2020
Equipment | Finance | Fleet Management

Knowing the total cost of ownership for each asset is critical to making strategic, data-driven fleet decisions that impact the bottom line. Those decisions include which brand to purchase, whether to purchase new or used, when to dispose of an asset for maximum ROI and when to rent instead of own.

G&A Expenses: A Guide to Allocating Overhead Costs

by Matthew J. Boland | Mar 4, 2020
Accounting | Business | Finance

Smart contractors understand the relationship between overhead costs and job profitability. Contractors that ignore these costs or fail to allocate them to each job risk losing money.

Stay in Control: Seamless Project Finance Management Is Key to Success

With improved project control over operational and financial performance, construction businesses can become more transparent and efficient.

Potential Tax Implications of ASC Topic 606: Revenue From Contracts With Customers

by RubinBrown LLP | Feb 2, 2020
Accounting | Business | Finance | Taxes

New revenue recognition standards under FASB Accounting Standards Codification Topic 606 require companies to adopt new methods to recognize revenue from contracts with customers for book purposes.

Risk-Adjusted Cost: A New Frontier in Construction

by Justin Levine | Jan 17, 2020
Business | Finance | Risk | Risk Management

By using effective software tools to anticipate and surface risk insights, general contractors can plan for cost-impacting possibilities earlier in the project lifecycle.

Deconstructing Slow Payments in Construction

by Will Mitchell | Jan 9, 2020
Accounting | Business | Finance

Subcontractors and general contractors include a combined average 5.3% overhead in project bids to finance slow payments. In 2019, this ultimately costs the construction industry an extra $64 billion. Here's how that can change.

Equipment Rental Revenue Forecast to Outpace Economic Growth

The equipment and event rental industry in North America is expected to finish the year with total revenue up 5.35% to $61.56 billion, the first time combined rental revenue for Canada and the United States has surpassed $60 billion, according to a recent forecast released by the ARA.

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Cash Basis Method of Accounting Opens Doors in the Construction Industry

Understanding Total Cost of Equipment Ownership

G&A Expenses: A Guide to Allocating Overhead Costs

Stay in Control: Seamless Project Finance Management Is Key to Success

Potential Tax Implications of ASC Topic 606: Revenue From Contracts With Customers

Risk-Adjusted Cost: A New Frontier in Construction

Deconstructing Slow Payments in Construction

Equipment Rental Revenue Forecast to Outpace Economic Growth

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