It’s been a busy year here at Foundation Software, from completing another successful user conference to finalizing plans for our new move in Strongsville. However, as we officially enter January and set our sights on the rest of 2019, we thought it might be nice to take a little time and reflect on some of our work from the past year.
We always aim to be as helpful to contractors as we can be, so with that in mind we’ve compiled a list of our top industry articles from 2018.
Every contractor is familiar with project costs they’re already paying but can’t easily charge to a single project. Figuring out how to assign those costs fairly is where overhead allocation comes in.
So you understand that overhead allocation means assigning costs across projects fairly, but what’s the best method for doing so?
In almost any other industry, the price is on the sticker. So why exactly is a fixed price so hard to nail down for construction accounting software?
Dive into everything you’ve always wanted to know about AIA billing, from exactly what it is and how it works to how you can create an AIA billing with FOUNDATION®.
You’ve probably heard it said before that QuickBooks® can’t do job costing, but that may not be quite true. Here are some of the key ways you can pull project reporting together in ways that are similar to a true job costing system.
Though a best-of-breed system is ideal for the most accurate job costing, many successful contractors aren’t quite ready to fit a construction-specific accounting application. So here’s why software like QuickBooks® Online might be a great option.
Work-in-progress reports are critical in helping contractors stay on top of the health of a project. And in the end, they can mean the difference in who’s actually funding a project — the customer or the contractor. Learn what makes them work and how project managers and accounting can work together.
A successful, sustainable construction business is ultimately about cash management. And contractors have options as far as how they want to recognize revenue — or, record income — both on their books and for tax purposes. But what method is best for you?
If you do construction payroll, you know that it’s not always simple. There’s a lot that goes into calculating the amount your employee receives. See how it all breaks down.
While construction accounting draws on all the same basic principles of general accounting, it also has several important and distinct features that set it apart. Get a high-level overview and drill down to learn about the most important concepts in construction bookkeeping.
Catch up on all the other articles you may have missed this year in our article archive! Or follow us on social media and always keep up-to-date!