How to determine your financial health Cash flow is always an important element in the smooth and successful operation of your construction business. It’s particularly key in meeting opportunities and demands. Ask yourself is your construction company in a cash flow crunch? Generating sales and managing operations are, of course, also important. But more […]
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Document Control is an add-on module for Sage 100 Contrator Managing the paperwork required for your jobs is overwhelming. You are probably already familiar with the ‘basic’ Project management modules within Sage 100 Contractor (Budgets, Change Orders, Purchase Orders, Subcontracts, and Job Reports), but you may not realize that you can accomplish even more with
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Review this IRS checklist to shore up weak spots and improve your documentation in preparation for that unforeseen IRS audit of a construction company. The list comes from the actual Audit Techniques Guide that the IRS uses to examine construction companies. IRS Auditor’s checklist of items to examine Accounting manual or instructions providing guidelines as to what
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It’s all in the Save! In the old MasterBuilder days, when you saved a Custom Reports or a Form Design you designated a drive. Things changed, and you no longer see this option. Instead, you have a choice between saving your reports or forms as either ‘shared’ or ‘private’ reports in Sage 100 Contractor. It
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Inside Every Accounting Solution Proposal The secret sauce for Sage 300 CRE When you get a software proposal from Tony Merry, VP at ETHOSystems, you may be surprised to learn that he has already customized the solution for you. There’s a ‘secret sauce’ inside every accounting solution proposal! It’s a special suite of five
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Basic record keeping and financial differences Chances are, your construction business hires subcontractors, rather than employees, to perform some of the work. These arrangements obviously save your company a lot of time, money and headaches. Naturally, you’ll want to protect your use of independent contractors. But, what’s the difference, and why should you care? Here’s
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Is your Accounting Software Stalling? Schedule a ‘Tune up’ Audit No one gets too worked up about an oil change or filter replacement, or even a dealer recall. And if you get a crack in your windshield you wouldn’t replace your whole car. Or would you? We frequently experience clients who will change out the
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What’s the Difference? Choosing software for your construction company today includes more deployment options than you had in the past. Today, you choose the software that works for your business needs with the best price — and you are all set, right? Not so fast! The choice between purchased licenses installed locally on your own computer (or
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The ‘human’ policy Security — we touch on this topic so often it seems it should be a settled issue for everyone. But a recent anecdote leads us to remind everyone again — the need to leverage security in your Sage software. A company received a request to change vendor ACH payment information. The request came
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As internal auditors, whether we have IT in our educational background or not, we have learned the basics around IT General Controls because so much of the control environment resides in systems. Many of us are familiar with COBIT, which outlines the key IT control objectives in terms non-IT auditors understand. But, if asked by our Audit
For the Non-IT Auditor: Talking ‘Cloud’ Read More »
Is perception, reality? While researching successful versus failed construction projects, some really interesting examples came to light. Consequently, these mega-projects caused me to wonder – what is the true measure of project management outcomes? Let’s consider some really famous project management fails. 1,457% over budget – the Sydney Opera House For example, one of the
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