Construction Estimating Software: Integrated vs. Stand-Alone

Construction Estimating Software: Integrated vs. Stand-Alone

Construction Estimating for Contractors Throughout the centuries both small and large contracting projects have been accomplished using the best methods available at the time; today, contractor construction estimating is being aided by sophisticated software technology designed specifically to optimize the estimating process for contractors.   Streamlining the estimating process brings many benefits for contractors, including:…

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.…

Prepare to File 2017 Tax Returns Now

Prepare to File 2017 Tax Returns Now

It’s never too soon to start preparing to file your federal income taxes. The IRS will begin processing tax returns for 2017 on January 22, 2018. Tax season is a busy time but it doesn’t have to be a headache if you start organizing now. Doublecheck your company files. You need to supply your accountant with…

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…

Four Reasons Why Controlling Labor Costs on a Daily Basis is Important

Four Reasons Why Controlling Labor Costs on a Daily Basis is Important

Are labor costs helping or hurting your bottom line? How much time are crews wasting each day? Consider this. If you have a 20-person crew and each employee wastes just three minutes per hour, that’s eight hours of wasted time by the end of the day. That’s the equivalent of one employee’s full day’s work.…