The Art of the Contract Schedule

By Wiss, Posted in Construction

By Mike Andriola When accountants hear the word “estimate,” most go into a panic. In an industry where accuracy and precision are paramount, the mere thought of a number not being exact can create a sense of unrest. However, in the construction industry, estimates are unavoidable. A slight one to two percent change in an estimate on a large contract could add or subtract a substantial amount of profit or loss to or from the bottom line. At Wiss, we work with our clients to strike the perfect b... read more.

The Best Accounting Software Platforms for Growing Contractors

By Wiss, Posted in Construction

By Tim Kennedy  As a part of the accounting team of a small construction company, you likely use QuickBooks as your accounting software. It’s affordable, intuitive and user-friendly.If your needs are still simple — you’re in the growth stage and generating a few million dollars in annual revenue — QuickBooks provides a reliable platform to manage your accounting needs. QuickBooks is at its best, handling simple cash inflows and outflows (rent, utilities, insurance, vehicles, p... read more.

How to Avoid Risk and Stay Lean in the 2015 Construction Boom

By Wiss, Posted in Construction

By Wiss Associate Historically, the U.S. construction industry trails the economy by about a year. So when the economy tanks, the industry hangs on by finishing existing projects. And when things begin to improve, construction firms lag while investments are made, new projects are green-lighted and contracts are signed. Today, the economy, from the viewpoint of the construction industry, is 80 to 90 percent back to where it was before the recession. So now it’s time to figure out how to do things di... read more.