What Is AIA Billing? [VIDEO]
Get a quick video overview of what AIA billing means for contractors and how it works differently from ordinary construction billing.
4 Cash Flow Management Mistakes Construction Companies Make
Cash flow management is a constant challenge for construction businesses of all sizes. Contractors must know how to manage cash flow well to succeed, and a big part of that is identifying mistakes that compromise cash flow as they happen — and then addressing them right away. Here's how.
How to Allocate Construction Overhead in FOUNDATION®
FOUNDATION offers three standard ways to customize, allocate and track your construction overhead. See how we give you options to distribute shared costs to your projects fairly, whether you're using payroll, job costing or the general ledger.
Sample Certified Payroll Report: Interact With an Example WH-347
Click around a sample Form WH-347 below to learn more about the kinds of information a typical certified payroll report requires and how FOUNDATION makes the process of completing it automatic by using data from your processed payrolls.
5 Key Financial Ratios for Your Construction Business
Explore some of the more common sets of financial ratios and how you can use them to measure the performance of your business within the construction industry.
The Future of the Percentage-of-Completion Method: The Impact of ASC 606
With the new revenue recognition standards for construction contracts, what exactly happened to the percentage-of-completion method we’ve come to know and love?
When to Capitalize vs. Expense Costs on a Construction Project
Construction businesses don’t usually have a choice about paying costs, but contractors may have the choice whether to treat them as an expense on their financials. It’s called capitalization, and it’s not just for grammarians.
Five Facts on Davis-Bacon Wages Every Contractor Needs to Know
Diving into the facts about one of construction’s most debated sets of laws can help take the doubt out of "Davis" and bring home the bacon for your business.
The Contractors Guide to New Revenue Recognition
There’s a new revenue standard in town. Taking effect is Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, which introduces the new “five-step model.” See what that means for you.
Construction Accounting 101: A Basic Guide for Contractors
While construction accounting and bookkeeping draws on many basic accounting principles, it has several important and distinct features. Dive in with an overview of the fundamental differences and examples, along with bonus learning resources.
