Knowing WHEN to expect the elements of Job Costs to be on a report is a key financial strategy. #LAI consultant Pam Schulz tell you the whys, why nots, and the report to use to get key ‘when’ benefits.
In Construction accounting it is necessary to analyze performance on other levels instead of just from the Financial Accounting perspective. Regular accounting is customer based, but construction is based on THE JOB. And the job is measured by its COSTS.
Ledgerwood’s Tony Merry names the two sexiest new upgrades in S300CRE Version15.1 – MyAssistant (with Spreadsheet Designer!) and Job Cost (new GUI and UX).
Once you have identified the reason for your profit starting to sink, you can make adjustments. Be sure to track these adjustments so (a) you know if your actions are effective, and (b) for historical value in future construction project estimating.
Automated workflows for contractor accounting software can help your company attain a more competitive position.
The challenge of software – USING it! Your company has invested in some very powerful construction software, but are you really more productive using it? We invest a lot of […]
Building information modeling started as a production of 3D design models to help catch architectural system variances and clashes. Since then, it has become an effective tool in project management and ever more prominent in job cost estimating.
Manage Your Payables Overlooked or delayed payables entries can mean incomplete or inaccurate job cost and general ledger information. The Recurring Invoices option in AP is a great way to […]
Underestimating a project or losing bids by overestimating can seriously erode profits. Too often these problems are caused by errors in spreadsheets.
Does this sound like you? “We are having a hard time winning bids that result in profitable jobs. We can win short-term business by low-balling it, but we cannot survive this way.”