Posted on 8/24/2016 10:43 AM By Christian Burger and Todd Ellsworth
With the promise of IoT, mobile, cloud and other emerging technologies, contracting companies cannot slow their pursuit of technology. In fact, construction companies are going to be faced with more options, greater demand, increased complexity and higher costs.
Posted on 8/24/2016 10:32 AM By Scott Hazy and Justin Snell
If the wire transfer has been initiated by an approved company employee, there is not much chance of recovering the funds. The bank is not held liable as long as it follows the proper protocols. Once the fraud is discovered, contact the bank’s fraud department immediately and direct it to stop the payment and freeze the recipient account. Typically, the funds are cleared out within hours of the transfer, so acting fast is imperative.
Posted on 7/7/2016 6:58 PM By Don Berry
Financial, legal and technology experts explain ACA requirements, the benefits and security of cloud-based accounting systems, the pros and cons of ESOPs, and the benefits of requiring funds control.
Posted on 7/7/2016 6:53 PM By Gregory Natalucci
All construction contractors’ assets and liabilities will be affected by the new guidance to some degree, depending on the company’s circumstances. Contractors that have significant fleet leasing activity are likely to feel the change more than contractors with less leasing activity.
Posted on 7/7/2016 6:49 PM By Pete Miller
Companies tackling ASC 606 head on will gently glide into the implementation phase in a few years. Those that don’t likely will experience varying degrees of turbulence.
Posted on 7/7/2016 6:38 PM By Kate Ward
Construction business leaders should ask four questions when reviewing a contract schedule for accuracy.
Posted on 7/31/2015 4:02 AM By Lawrence Prosen & Christopher Vasquez
The key to success in proving and recovering on change orders is having the necessary policies and procedures in place prior to experiencing the changed condition (and in reality, prior to starting the project).
Posted on 7/30/2015 4:13 AM By Donna Caruso
Four steps construction company owners and financial executives should take to ensure the most appropriate job overhead rate is being used from year to year.
Posted on 7/30/2015 3:59 AM By Bryan Porter
Similar to when construction firms expand their employee base, a thorough selection process for a qualified CPA will ensure the firm finds one with a strong reputation in the marketplace, proper industry experience and the ability to complement the construction firm’s existing culture.
Posted on 7/29/2015 3:55 AM By Don Berry
Nine experts discuss technology impacting the financial and accounting aspects of construction businesses.
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