Accounting Management Solutions Blog

May 11, 2022
How Can I Manage Cash Flow on My Construction Project?

We hear this question a lot.

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May 2, 2022
Why Double Entry Bookkeeping is so Important for Accurate Financials

Double entry bookkeeping is an accounting system that means every transaction requires two accounts.  For example, when a business uses funds from a loan, their Cash account will increase and their Liability account – or Loans Payable will increase.

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April 7, 2022
A Step-by-Step Guide to Tracking Construction Costs

As anyone in the construction industry will tell you, if you don’t have a good handle on the costs of your project, your chances of a smooth and profitable project can begin to diminish.

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February 1, 2022
How to close year end books in Netsuite

When closing the books for month-end and year-end processing in NetSuite, there are a few important things to keep in mind. How to correctly set up periods, how to execute the period close task and what the features and preferences are all included. Aside from these three, a couple other year-end tasks are valuable to […]

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February 1, 2022
Construction Industry Year End Planning

Working with over 250 contractor clients, Plumb understands the construction industry year end planning needs. Whether you are working on closing your books or upgrading your construction accounting software, here are 7 tasks to help you get started. Construction Industry Year End Planning Task 1: Tax Planning Timeline: November mid-month Who: Owner, Accounting, CPA When […]

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January 25, 2022
Top Three Reasons to choose Sage Intacct for your Construction Company

When looking for accounting software, construction companies want a solution that is accessible anytime anywhere, allows for integration with other “best in class” solutions, and will grow with them. Here are the top three reasons to choose Sage Intacct for your construction company. “Best in class” Native Cloud Solution Built by the team who brought […]

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