Running a construction company comes with many challenges beyond market competition, but one of the most stressful issues is construction delays. Not only do delays slow down your work, but they also lead to unexpected costs. According to a study by McKinsey, 98% of large construction projects face delays or cost overruns, with an average […]
In the intricate world of construction, managing finances can often feel like navigating a complex maze. That’s where the INTERAC Core Accounting Applications step in, offering a tailored solution designed specifically for the unique needs of the construction trades. This blog explores how INTERAC simplifies financial management by seamlessly integrating core accounting functions, ensuring that […]
An Interview with Tim Law from Intersoft Systems Published, December 5, 2014 by Adam Bluemner (Find Accounting Software) What’s the worst part of losing a grip on your contracting company’s job costs? Billable costs not making it to the final invoice? The difficulty of identifying which jobs are actually making money? The productivity-killing chore of reassembling […]
Knowing that an accounting system is only as good as the information you can get out of it, structuring your Job Cost system can be critical to getting meaningful reports. The primary purpose for having an integrated system is to empower project managers and the management team to make the organization more efficient and profitable. […]
If your company processes payroll in excess of $2,000 for employees working on government funded construction projects, Certified Payroll reporting will be required to comply with the Davis-Bacon Act. To be in compliance, it is important to know the “prevailing wage” rates for the contract, and how to generate and submit the appropriate reports. Your Payroll […]
Job Manager Intro Video Job Cost Reporting with INTERAC Job Manager The most common reason we hear from contractors for initiating the search for new accounting software is a need for better Job Cost reporting. Getting this critical information to the right people in a timely fashion can make all the difference in being able […]
Making Job Cost Reporting Easy See how the INTERAC Construction Accounting System and Job Manager make it really easy to get the critical Job Cost information to the people who need it to make important decisions that can make all the difference in profitability. Learn More
If your company processes payroll for any employees working on government funded construction projects, the Davis-Bacon Act will almost certainly become a requirement for your payroll processing. It applies to contractors or subcontractors working on federally funded or assisted contracts in excess of $2,000. To be in compliance, it is important to know what the “prevailing […]
Your Job Cost software system should be an invaluable tool, making all this information readily available to the appropriate people and empowering them to identify and address any issues before it is too late. Here are a few things to look for in an integrated Job Cost system. Integration with Accounts Payable and Payroll so […]
