Saving Time with Real-time Data
Save Time with Real Time Data in Sage 300 CRE There’s always human error during projects, usually due to inaccurate, siloed, or inaccessible data. You can avoid these issues with real-time data, which puts accurate, up-to-date information at your fingertips. REAL-TIME DATA SAVES YOU TIME AND MONEY IN SEVERAL WAYS. COST SAVINGS If your firm…
The Challenges of Calculating the Cost to Complete a Construction Project
In the construction industry, it’s essential that contractors and other industry professionals have tools to accurately produce an estimate of the total costs required to complete projects. Getting a stronghold on a construction project’s cost to complete helps your team remain productive, prevents big surprises down the road, ensures profitability, and maintains the confidence of…
7 Key Metrics of a WIP Series: Total Estimated Revenue
Percentage-of-completion accounting and performance obligation revenue recognition are 2 construction industry tools for calculating total estimated revenue. In the construction industry, time is money. As professionals, contractors provide clients with key deliverables over a specified timeline, basing costs on the number of resources necessary to complete the job. Therefore, determining when you’ve ‘earned your pay’…
Why QuickBooks Doesn’t Always Work for Construction Companies
Having the right tools for the job is important in any industry. While construction companies are known for using a lot of heavy machinery, they also depend on software for accounting. While every company’s accounting department deals with the bottom line, the financial practices of a company are dependent on its industry. QuickBooks is a…