How do you smash your targets and maximize your profits when you are facing inflation and skyrocketing construction costs? Surely, it’s not the right time to introduce construction bonuses or increase the bonuses you already pay? But it could be a perfect time! Your staff are facing the same inflationary pressures and increasing living costs so …
What are Cost Value Reconciliations (CVRs) in construction? According to the DesignBuildings wiki, cost value reconciliation is used to monitor and measure expenditures against the budget on a construction budget. All of the expenses for the previous period are gathered and added up to see all of the current costs. The current cost value is …
Construction Cost Value Reconciliation (CVRs) explained Read More »
What is Construction Job Costing? According to Wikipedia, job costing is a type of accounting which tracks the costs and revenues by “job” and enables standardized reporting of profitability by job. This means that in additionally to to the G/L ledger account information for each line of an bill, you would also attach a job …
Can QuickBooks Online do Construction Job Costing? Read More »
QuickBooks and construction QuickBooks by Intuit has various options for construction companies that they could use. They range from general desktop versions to contractor-specific versions, to cloud-based online versions. Before we can say which of the versions is best for construction, let’s see what are the needs of a standard construction company. After that we …
Which QuickBooks version is best for construction in 2022? Read More »
What is Xero? Xero is cloud-based accounting software for small and medium businesses, including construction companies. It can help you do your bookkeeping. Xero features include invoicing, accounts, vendors or clients, payroll, and much more. It can even connect to your bank so that you can easily sync bank and financial information. Since it is …
Is Xero good for Construction Accounting? Simple Guide and Explanation Read More »
What is Xero? Xero is cloud-based accounting software for small and medium businesses. It can help you do your bookkeeping. Xero features include invoicing, accounts, vendors or clients, payroll, and much more (maybe even job costing?). It can even connect to your bank so that you can easily sync bank and financial information. Since it …
Can Xero do Job Costing? Simple Guide and Explanation Read More »
