Completed Contract Method and ASC 606
When it comes to reporting revenue from their projects, contractors have typically had a few options: when they’re paid, when they bill and when they’re... Read More
What Is Davis-Bacon? [VIDEO]
Get a quick video overview of what Davis-Bacon really refers to in construction payroll and how you can learn more.
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. Here's how contractors can avoid the mistakes that compromise cash flow.
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.
