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Accounting

Accounting insights for construction firms—job costing, financial reporting, cash flow and bookkeeping strategies to keep contractors profitable.

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    Keep Workers’ Comp Costs Low

    Follow these best practices to offset rising workers’ comp costs: Reporting of Incidents and Accidents Timely reporting of accidents is critical in starting the appropriate investigation on a given claim. Claims have a tendency to get worse as time passes, and much of the information on the claim can get lost or confused. Start early, and keep the review process going until the claim is closed. Medical fraud When workers are sent to the clinic following an injury, it is important to have them accompanied by someone who is aware of the red flags that can send a claim into the danger zone. Having a superintendent who understands the process can allow companies to assess the claim higher up the chain quickly when it is…
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    Pinched by the Credit Squeeze?

    Online receivables auctions can free up cash without the restrictions of a bank loan.
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    Financial Ratios

    Common ratios for benchmarking against industry standards
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    Begin Your Year-End Planning Now

    An early start allows time to take proactive steps and better position your company for tax time.
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    The 2012 CFMA Annual Conference

    Insights into the 2012 CFMA Annual Conference, including the experience, important issues and CFMA’s new direction
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  • CMFA Conference 2012

    CFMA CEO Stuart Binstock updates CBO magazine on this year’s conference.
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    State of the Construction Financial Industry

    Top executives and CPA at accounting firms, as well as leaders in the surety and insurance industries, comment on emerging issues in the construction industry.
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