What could go wrong with our new accounting software?

Many construction company owners buy accounting software and, even if the installation goes well, quickly grow frustrated when they don’t get the return on investment they’d expected. From an accounting perspective, two of the primary implementation risks that contractors face are bad data and missed opportunities. Cleaning up You’ve probably heard that old tech adage, […]

A cheat sheet on FASB’s proposed financial statement changes

Your nonprofit’s financial statements may look very different for fiscal years starting after December 15, 2017, than they do now. In April, the Financial Accounting Standards Board (FASB) made its final recommendations for changes to how organizations classify net assets and account for liquidity, performance and cash flows in financial statements. With the comment period […]

It Pays to be Picky When Choosing a Business Partner

There comes a point in the existence of many construction companies when the owner may want to bring in a partner. This is usually a good sign – the company is probably growing and there’s just too much work or opportunity for one person to handle. If you find yourself in such a situation, be […]