When to Invest in Construction Software
Accounting is a complex science where small mistakes can lead to big headaches. Once a company has a functional accounting software in place, it can be easy to put off upgrading – even if the current solution is lacking in certain areas. Growth is rewarding for any business, but it also presents new responsibilities. As…
Why Verifying Project Profitability is Important
Verifying Profitability in Sage 300 CRE (and beyond) is important When taking on a new project or analyzing an existing one, you should complete a project profitability verification. Confirm Accuracy Before starting a new project, or when assessing an existing one, you need to verify the project profitability to confirm the accuracy. The financial success…
The Importance of Understanding Estimated Costs vs. True Costs
Understanding Estimated Costs vs. True Costs in Sage 300 & Beyond In his article at the 415 Group, CPA Lee Kammerer says that the process of estimating and presenting costs to complete on contracts in progress is as much an art as it is a science. The integrity of a contractor’s financial statements is supported by an…
Get Your Estimates out of the Ballpark and into Reality
Accurate Esitamtes and Forecasting with Cabbage and Sage Cost estimating & financial forecasting are the most important steps in construction project management. This approximation figures out the costs of a build at different stages of project development, based on available data. In a nutshell, cost estimating is done using previous experience to estimate the total…