Effectively managing the accounting and finacial function of your construction company is critical to gain a successful, profitable business. Our articles from industry experts provide information on a range of subjects in construction accounting including: applying the percentage-of-completion method or completed contract method, job costing, improving cash flow and managing debt, reducing overhead, understanding financials, implementing tax strategies, performing audits, building equity and wealth, implementing a construction accounting program, using construction accounting software, and hiring a payroll provider.
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Written by Leslie V. Guajardo, CPA, CCIFP
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As everyone in the construction industry knows, completing a project on time and within budget is one of the toughest assignments in America. Unplanned change orders, fluctuating material costs, unpredictable weather, labor shortages and many other factors make completing a project as planned an uphill battle-and one that a growing number of contractors are losing.
Tags: project management |
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Written by Fred Ode
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Q:
Our company is shopping for a new estimating system. We were told that we should buy before the end of the year to qualify for tax incentives. Is this true, and what exactly do I stand to gain?
Tags: 2009 November Issue , financial , Fred Ode |
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Written by Fred Ode
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Processing payroll can be difficult and tedious for any business but nothing compares to the difficulty of construction payroll.
Within other industries, outsourcing payroll is often regarded as a smart business decision. Even small companies with just a few employees can save money by turning over time-consuming payroll activities to someone else. What's more, by hiring a payroll service, businesses can rid themselves of tax reporting responsibilities and other payroll processing burdens.
Tags: 2009 November Issue , analysis , financial , Fred Ode |
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Written by Howard Chernin
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The country's been going through some pretty tough times, and the construction business is one of the industries that has been hardest hit.
According to numbers released August 2009 by the Bureau of Labor Statistics, employment in construction declined by 76,000 during July, a figure similar to the average for the three previous months. Between November and April, employment decreased by 117,000 jobs a month on average between November and April.
Tags: 2009 October Issue , financial , management |
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Accounting & Finance
