Using WIP Reports to Improve Change Verification in Sage 100 / Sage 300 Construction
Using Cabbage & WIP Reports to Improve Change Verification in Sage 300 CRE or Sage 100 Change verification requests are necessary when something doesn’t match between construction documentation and the physical work site. Deviations from agreed-upon estimates and costs cause significant headaches later, so work-in-progress reports are a fastnd efficient way to tackle change verifications….
WIP Schedule Best Practices using Cabbage and Sage 100 / Sage 300 Construction
WIP Schedule Best Practices using Cabbage and Sage 100 / Sage 300 Construction A work-in-progress (WIP) schedule is the holy grail in the construction industry. Unlike the traditional system of calculating profit or loss on overall cost, the WIP uses percentage of completion (PCM) method to determine the profitability of a contract. Here are some…
Subcontractor Compliance Made Easy with Cabbage WIP Reports
One of the hardest tasks a general contractor or project manager faces is subcontractor and vendor compliance. Reviewing the bids and estimates of a potential subcontractor is a straightforward process – but it’s only the beginning. The hard work involves monitoring subcontractor and vendor performance, work schedule compliance, contract adherence, and ensuring subcontractors and vendors…
Why You Need to Stop Entrusting Your WIP to QuickBooks
QuickBooks, a well-known accounting software program that manages expenses and basic accounting, isn’t enough to set your construction company apart. While QuickBooks is useful for startups and small businesses, its abilities fall short beyond that. When you need to expand the costs of a broad range of materials, for example, or determine if you’re sticking…