article thumbnail

ADP Adds HCM Solution for Construction Industry

CPA Practice

Payroll, HR, and benefits software provider ADP has launched a human capital management solution specifically for the unique needs of construction firms. In addition, an uncertain economy makes it harder for construction firms to manage material and labor costs. Transfer job cost and general ledger data to existing ERP.

article thumbnail

Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Propel Your Organization’s Financials Using the Power of Cherry Bekaert and Sage Intacct

Cherry Bekaert

The platform also offers numerous benefits for your core financial functions, including accounts payable, accounts receivable, cash management, general ledger, order management and purchasing. General Ledger Extensive visibility, scalability and flexibility.

article thumbnail

Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

2) While many accounting solutions offer basic features for managing finances such as reports, accounts receivable, accounts payable, general ledger and billing etc., With evolving financial landscapes, the real estate and construction industries must continually pivot while delivering on tactic.

article thumbnail

Accounting Best Practices: Transitioning From Development or Rehabilitation to Placed in Service for Affordable Housing Entities

Withum

In the first year of operations, the developer must work with the managing agent to combine the construction period activity with the operational transactions recorded by the managing agent in order to generate a complete set of general ledger accounts. This should be properly reflected as construction costs payable.

article thumbnail

The Accounting Technology Lab Podcast: Acumatica Summit 2024

CPA Practice

Tankersley, CPA.CITP, CGMA 00:45 Okay, so Accu Matica is a entry level mid market prep application, which means that when you graduated from QuickBooks, and the basic general ledger type applications, and you need to get something to help you manage your business, and to, to go in and handle your handle your more complex needs.

article thumbnail

Pool Allocation Considerations for Government Contractors

Withum

General administrative expenses (inherent cost of operating a business). As the days of construction grow long and wearisome for the laborers, we encounter the final category of costs – Unallowable Costs , which are typically a subcategory of the indirect costs. Overhead expenses.