Research Shows Companies Are Moving to Cloud-based Accounting Solutions

By |2018-12-06T18:45:49+00:00June 22nd, 2018|Categories: Business Tips, Construction Accounting|Tags: , , , |

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 construction [...]

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What is a “Dimensional Accounting” System?

By |2018-12-06T18:45:50+00:00June 22nd, 2018|Categories: Construction Accounting, Construction Business Tips|Tags: , , |

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. Accurate [...]

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How to Save Costs by Reducing Last-Minute Client Change Orders

By |2018-12-06T18:45:56+00:00February 21st, 2018|Categories: Construction Accounting, Construction Business Tips|Tags: , , , , , |

Of all the frustrating costly things that can be involved in a construction project, change orders are by far the most problematic. While some change orders can't be avoided, as the project reveals a necessary change in plans to reach completion, an unfortunate and problematic number of last-minute changes come from the client themselves. They realize [...]

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Determining the True Cost of Payroll

By |2018-12-06T18:44:03+00:00October 6th, 2017|Categories: Construction Accounting|Tags: , , , , , , |

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 10 [...]

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