Research Shows Companies Are Moving to Cloud-based Accounting Solutions

Research Shows Companies Are Moving to Cloud-based Accounting Solutions

Companies across industry sectors are transitioning to cloud-based solutions. Forbes reported that between 2016 and 2017 hybrid cloud adoption increased from 19 percent to 57 percent of organizations surveyed. That’s a three-fold growth, and trends are continuing upward. A survey conducted earlier this year found that 81 percent of enterprises have a multi-cloud strategy. The…

What is a "Dimensional Accounting" System?

What is a "Dimensional Accounting" System?

Construction professionals know that accounting in their industry is often characterized by thin profit margins and quite a bit of uncertainty. According to¬†Accenture, only 30 percent of firms currently deliver projects on budget and only 15 percent deliver on time. Imagine how improving those percentages for your company would give you a significant competitive edge.…

How to Save Costs by Reducing Last-Minute Client Change Orders

How to Save Costs by Reducing Last-Minute Client Change Orders

Of all the frustrating costly things that can be involved in a construction project, change orders are by far the most problematic. While some change orders can’t be avoided, as the project reveals a necessary change in plans to reach completion, an unfortunate and problematic number of last-minute changes come from the client themselves. They…

Determining the True Cost of Payroll

Determining the True Cost of Payroll

Construction is a risky business, highly competitive, and seasonal. Budgeting is crucial, but construction company¬†owners delegating the management of their accounts and payroll to a bookkeeper may not know how much their employees are really costing them. Business Insider reports that 70% of small businesses, those employing up to 100 employees and having assets of…