What Sets Your Construction Company Apart?

Randal DeHart

But, have you always wondered how a small construction company like yours could stand out from the crowd and its competitors? Construction Company Contractor Construction Competition Construction CompetitorsLet me start by saying it's good if you have competition.

Preventing Fraud in your Construction Company

RogerRossmeisl

Fraud is costly for all victimized companies, but it’s even worse in the construction sector. Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. Fraud Briefs Construction Company Fraud

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Construction Company Employee Compensation And A Note On Taxes

Randal DeHart

There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees.

Ways To Get Rid Of Construction Accounting And Bookkeeping Confusions

Randal DeHart

Looking for ways to make your job easier is the goal of all construction contractors. Construction Bookkeeping Construction Accounting Construction Bookkeeping And Accounting Contractor Tips Accounts Payable For Contractors Accounts Payable

How Technology Helps Construction Businesses Save Money

Randal DeHart

The use of technology in construction has come a long way. Many articles have already been written about how construction has been sluggish in adopting new advancements in technology compared to other business sectors.

Power Up Your Construction Company Payroll Processes

Randal DeHart

You build your construction business, hire a few employees, and things tick along pretty well. Payroll Loan Payroll Processing Payroll Tax Payroll Options Construction Bookkeeping And Accounting Contractor Tips Payroll For Construction Contractors

Four Key Areas To Evaluate In Your Construction Business Budget

Randal DeHart

There is no better time to reflect and think seriously about your construction business. Construction Bookkeeping And Accounting Technology For Your Construction Company Automated Data Entry Construction Systems And Processes Contractor Guidance Construction Business Budget

How To Balance Profit Centers And Cost Centers In Your Construction Company

Randal DeHart

Success in operating a profitable construction business is all about maintaining the proper balance of control over both The Profit Centers and The Cost Centers. If either one gets too powerful and is allowed to run your construction company, it can cause more damage than good.

Overcoming Your Most Common Construction Business Time Waster

Randal DeHart

Every day you make financial decisions about your company, which affect how successful and sustainable your construction business is. Keeping up with paperwork is a typical construction business timewaster we noticed in more than thirty years in the industry.

How To Make Xero Accounting Work For Your Construction Business

Randal DeHart

Perhaps you own a service and repair firm specializing in plumbing, electrical, HVAC, or maybe a handyman service or someone who does small construction projects that last from a few hours to a few days, and you only need to give your customer or client one invoice?

Construction Fraud Cases

FraudFiles

What kinds of things can forensic accountants be involved in relative to construction fraud? Also common is the construction company claiming a project is further along than it really is in order to get paid more than it is entitled to.

Complexities of Sales Tax: Construction

TaxConnex

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. That might be true in some states but different states have different rules when it comes to construction services.

Common Construction Contractor Bookkeeping Issues With Accounts Payable

Randal DeHart

A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. Construction Bookkeeping And Accounting Contractor Tips Accounts Payable For Contractors Accounts Payable

How To Prevent Employee Theft In Your Construction Company

Randal DeHart

You may not know how employees can steal from you as a construction business owner. Bookkeeper Embezzlement Embezzlement Contractor Bookkeeper Embezzlement Construction Bookkeeper Embezzlement bookkeeper theft Employee Theft

Unconventional Ways To Market Your Construction Business

Randal DeHart

Profit and Growth Strategies For Contractors Construction Marketing offline marketing for contractors Contractor GuidanceOne of your greatest fears is wasting money on a less than good lead. They may or may not have any genuine desire for services.

Ways To Sustain The Life Line Of Your Construction Company

Randal DeHart

Your construction company can run into problems by not charging enough for goods or services, having late-paying clients, growing too quickly, or simply spending too much money. Cash flow refers to the movement of money into and out of your business.

Proven Construction Business Processes When Creating Your To-Do List

Randal DeHart

When you're a construction business owner, your to-do list is often long and constantly growing longer. Business Process Management For Contractors Winning Teams Construction Productivity Contractor Guidance contractor delegation

Procore + Xero: Building a new platform partnership to help digitalize construction

Xero

Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. . Construction is an important industry focus for Xero, and we are passionate about helping the industry digitalise with cloud solutions.

Staying on Construction's Cutting Edge

Intuitive Accountant

Sage's Dustin Stephens goes inside how the new Sage Field Operations Integration with Sage Intacct Construction is helping today's construction financial professionals

Five Effective Ways To Find New Construction Clients

Randal DeHart

Many of us who owned and operated construction companies spent thousands of dollars on these experts and, based on their recommendations, spent tens of thousands of dollars annually in full-page yellow page ads as close to the first position as possible.

Sage Field Operations Now Integrated with Sage Intacct Construction

Intuitive Accountant

Pairing the mobile construction management app with the proven native cloud accounting platform helps construction businesses streamline service operations

Staying on the Construction's Cutting Edge

Intuitive Accountant

Sage's Dustin Stephens goes inside how the new Sage Field Operations Integration with Sage Intacct Construction is helping today's construction financial professionals

The ERP Takes A Wrecking Ball To Construction Workflow Friction

PYMNTS

In the construction industry, the ERP is especially valuable considering the complex network of collaborators, and subsequent high volume of data, involved in a single project. According to Satran, there are three main roles the ERP plays for construction firms today.

Diversity in accounting: Still under construction

Accounting Today

Diversity and equality Practice management Employee relations

Construction Executive Names Withum in Annual Top Firm List

Withum

Withum is proud to announce that Construction Executive , a leading publication in the construction industry, named Withum in their list, The Top 50 Construction Accounting Firms. Louis Sandor III, CPA, CCIFP Partner, Practice Leader, Construction Services.

Centsoft Unveils AP Automation For Construction Industry

PYMNTS

To help project managers and administrators save time, Centsoft has unveiled an accounts payable (AP) automation technology for firms in the construction industry. B2B Payments accounts payable AP automation B2B Centsoft construction invoice automation News What's Hot In B2B

Bookkeeping Tips for Construction Businesses

Steve Feinberg

Running a construction business isn’t like running other goods or services-centered businesses. Here are a few bookkeeping tips from the professionals at AppleTree Business Services for construction companies. Why Is Bookkeeping Important for the Construction Business?

Forensic Accounting for Construction Claims

FraudFiles

Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. The construction analysis includes a comparison of the following numbers: Total expected cost of the project.

Six Tips To Respond Effectively To Construction Client Complaints

Randal DeHart

Complaints are an unfortunate part of running a business, but they happen. No matter how hard you work to please your clients, eventually, someone will have something negative to say. However, with the right approach, you can turn complaints into a valuable tool to strengthen your business.

PwC fined £5M for shoddy audits at two construction firms

Accounting Today

Audit International accounting PwC Audit preparation

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Going Paperless In Construction

Withum

Blogs

Xero: Accounting for Construction Companies

FusionCPA

As an owner of a construction company, managing various elements from the field is necessary, and Xero accounting for construction companies can help.

Sage Automates Construction Finance Benchmarking

PYMNTS

Business management technology provider Sage is rolling out a new solution designed to help construction firms track the health of company finances and compare performance against industry peers. In a press release issued on Monday (April 22), Sage announced an integration between its Sage 300 Construction Real Estate platform and a benchmarking tool that is widely used in the industry.

Inflation Reduction Act expands energy efficient home credit

Accounting Today

Construction industry Tax credits Biden Administration Tax Tax laws

Viewpoint Construction Software Local User Group Meeting

Katz,Sapper&Miller

Katz, Sapper & Miller’s Construction Services Group will host a Viewpoint Construction Software® Local User Group Meeting Feb. 11 in Indianapolis

KSM Honored by Construction Executive as a Top 50 Construction Accounting Firm

Katz,Sapper&Miller

Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine

Goldman-Backed Construction FinTech Rabbet Raises $8M

PYMNTS

Rabbet, an intelligent construction finance platform, announced Wednesday (Feb. With the support of Goldman Sachs , QED and Camber Creek, Rabbet will further its mission to bring frictionless transactions to the construction industry,” Rabbet CEO and Co-Founder Will Mitchell said in the press release. Our name represents our commitment to strengthening connections in the real estate industry and fueling today’s connected construction economy.

IRS updates guidance on tax deduction for energy-efficient buildings

Accounting Today

Construction industry IRS Tax Tax regulations Tax deductions

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Downtown St. Louis Construction Update: Phase 2 of City Foundry, 21c Museum Hotel Opening and America’s Center Expansion

Anders CPA

Louis, we’re always excited to share exciting construction projects happening in our own backyard. Construction has begun on the historic Butler Bros. The Anders Construction Group stays up to date on the latest projects in our city. Louis construction projects.

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Construction Industry Seminar: Fraud and Embezzlement

Katz,Sapper&Miller

Katz, Sapper & Miller’s Andrew Goodman will speak at the AssuredPartners Construction Industry Seminar. 19 in Indianapolis, the seminar brings construction professionals together to discuss trending topics in the industry including the legal, financial, and operational risks that construction firms face Taking place Nov.

Key Performance Indicators and your Construction Company

Withum

Blogs

Home Construction Rebounds In May, But Trouble Lingers

PYMNTS

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. Economy economy home construction NAHB News What's Hot ZillowFor the first time since U.S.

Regular Bookkeeping vs Construction Company Bookkeeping: What’s the Difference?

Steve Feinberg

When it comes to construction companies, though, bookkeeping is even more important due to the highly variable nature of what makes individual jobs, and construction firms as a whole, profitable. How Is Construction Bookkeeping Different Than Regular Bookkeeping?