Income Recognition

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Protect Against Late Payments with Construction Technology

Oct 01, 2024

This article is sponsored by Procore. Slow payments create significant challenges for all project...

Specialty Contractors Income Recognition Budgeting & Planning
Growth Signals & Construction Industry Trends to Watch in 2024

Jun 03, 2024

This article is sponsored by Commerce Bank. Get insights into why construction companies are plan...

Accounting Income Recognition Budgeting & Planning Payroll
Trends to Watch in the Construction Industry

Nov 01, 2023

This article is sponsored by Commerce Bank. Despite recent growth, the construction industry stil...

Accounting Income Recognition Budgeting & Planning Human Resources
Tax Planning Strategies That May Benefit Construction Companies

Nov 01, 2023

The following content is sponsored by CLA. Before you close your books for the year, review tax p...

Accounting Reporting Income Recognition Budgeting & Planning Taxes
How to Emotionally Prepare for the Sale of Your Business

Jul 03, 2023

The following content is sponsored by Eide Bailly. Transitioning your construction business is mu...

Accounting Reporting Income Recognition Legal Budgeting & Planning Taxes
How to Streamline Your Accounting Processes to Improve Your Overall Operations

Nov 01, 2022

The following content is sponsored by Eide Bailly. Having stagnant accounting processes is a sure...

Accounting Reporting Income Recognition Budgeting & Planning Information Technology
Compensation Update: It’s All About the Numbers

Jul 08, 2022

Whether times are good or we hit the eventual slump, construction compensation always offers some...

Heavy Construction Accounting Income Recognition Budgeting & Planning Economy
How a Construction Retention Payment Affects Ongoing Projects

Dec 01, 2021

Practically all construction contracts include provisions for payment retention. This means const...

Accounting Income Recognition Budgeting & Planning Contracts
Considering Topic 606: Liquidated Damages

Nov 17, 2021

Upon the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Codificatio...

Accounting Reporting Building Profits Income Recognition
Is Cloud-Based Construction Software Safe for Construction Accounting Data?

Aug 30, 2021

While technology has seeped into the lives of most individuals, contractors in the construction i...

Risk Management Accounting Income Recognition Legal
How Construction Retention Payments Affect Ongoing Projects, and How to Ease the Burden Retainage Creates

Aug 03, 2021

Sponsored Content: Practically all construction contracts include provisions for payment retentio...

Specialty Contractors Accounting Reporting Income Recognition Legal Budgeting & Planning Taxes Contracts
3 Profit Pitfalls in Project Accounting

Aug 02, 2021

Sponsored Content: Accurate project-by-project accounting is essential to maintaining control of ...

Risk Management Accounting Income Recognition Budgeting & Planning
WIP Accounting: Critical and Often Misunderstood

Jun 29, 2021

In a study of thousands of construction company audited financial statements testing the profit p...

Accounting Income Recognition
Construction KPIs that Help Build a Better Business

Jun 01, 2021

Sponsored Content: When decision-makers spend too much time buried in reports, they may miss impo...

Accounting Reporting Income Recognition Budgeting & Planning Information Technology
Construction Cost Management: The Quiet Revolution

Mar 21, 2021

Sponsored Content: In construction the “bottom line” is comprised of a thousand moving targets. T...

Risk Management Specialty Contractors Accounting Reporting Income Recognition Budgeting & Planning Information Technology Contracts Economy
Revenue Recognition: What We Learned & What Surprised Us

Mar 01, 2021

We’ve spent years preparing for the implementation and transition to Revenue from Contracts with ...

Income Recognition Budgeting & Planning Building Profits
Hold On For Another Wild Ride: Compensation Trends 2021

Mar 01, 2021

Many clichés or phrases could be used to describe 2020. But the one that seems to hit home is fro...

Income Recognition Budgeting & Planning Human Resources Building Profits
Show Me the Money: Unique Lending Challenges for Contractors

Jul 01, 2020

Construction contractors operate in a unique world where obtaining financing isn’t as easy as sim...

Income Recognition Contracts
ASC 606 Implementation Road Map

Jan 01, 2020

December 31, 2019, is fast approaching. For those who have been working through the various issue...

Income Recognition
Accounting & Tax Update

Nov 01, 2019

Several accounting standard updates (ASUs) are applicable for December 31, 2019 year-ends, and re...

Heavy Construction Income Recognition
R&D Credit in the Construction Industry: Does Your Company Qualify?

Jun 01, 2018

While it may be uncommon to associate the research and development (R&D) credit with our industr...

Income Recognition
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