For small start-up contractors, entry level accounting software programs such as QuickBooks Pro or Peachtree are useful tools. However, as work volumes build, these systems become less useful for construction accounting. By the time a contractor reaches $5M or more in annual revenues, financial reporting needs begin to outgrow the capabilities of these programs. From a construction accounting perspective, entry level software is problematic...Read More
One question that many construction company owners and managers ask me is: "Should our project management software be integrated with our accounting and document management programs?" My answer is always a resounding, “Without a doubt!” To understand my response, let’s look at the role of accounting software in the construction firm. Simply stated, construction accounting software handles the financial aspect of managing construction pro...Read More
To remain profitable while staying competitive, many construction companies are turning to business intelligence tools to optimize the management of their projects. Two of these tools are Key Performance Indicators (KPIs) and Dashboards. KPIs are measurements, or metrics, that are used to quantify your company’s performance in a variety of areas. KPIs can be financial or non-financial and indicate whether your company is meeting its goals. ...Read More
For contractors, calculating payroll can be more challenging than completing a job on time and under budget. Union reporting, multiple pay rates, diverse deductions and tracking an assortment of taxes are just some of the variables incurred during each pay period. Construction-specific payroll software simplifies paying your employees. But not all software is created equal. Some systems provide little more than the basics, requiring additio...Read More
A message from Mike J. Stearns, Software Engineer and data backup enthusiast. During this time of uncertainty, there are some individuals who will unfortunately take advantage of this situation using cyber attacks. Some of these attacks are intended for theft of personal information and believe it or not, some hackers just do it for fun. Over the last 20 years that I’ve had the privilege of working at AccuBuild, I’ve assisted many clients wi...Read More
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