by Charles Merwin | Feb 14, 2025 | Best Practices, Blog, Construction Accounting Tips, Thought Leadership
The construction industry is experiencing a digital transformation driven by big data analytics. Since the advent of computerization in the 1990s, data-driven decision-making has revolutionized business operations across sectors. The construction industry, while...
by Derek Alfonso | Feb 5, 2025 | Best Practices, Blog, Construction Accounting Tips
In construction, your profit margins can vanish with a few missteps. A scheduling delay here, a cost overrun there, and suddenly, your projected 20% margin has dwindled to single digits. You might think it’s a matter of working harder, but it’s understanding and...
by Derek Alfonso | Oct 25, 2024 | Blog, Construction Accounting Tips
The General Ledger (GL) in Sage 300 CRE is the foundational framework that records all financial transactions of a construction company. It’s a comprehensive archive that categorizes every financial event, whether it’s related to revenue, expenses, assets,...
by Derek Alfonso | Oct 19, 2024 | Blog, Construction Accounting Tips
Complete Guide to Construction Accounting for Contractors In the realm of financial management, accounting serves as an essential backbone for businesses. However, the unique nature of the construction industry necessitates a specialized approach to accounting. Here...
by Derek Alfonso | Oct 3, 2024 | Blog, Construction Accounting Tips
Sage 300 Construction and Real Estate (CRE) is a robust tool offering comprehensive financial management solutions. However, as businesses grow and data volumes expand, users may encounter performance lags, particularly in reporting. This is where Anterra Data Center...
by Derek Alfonso | Jul 12, 2024 | Blog, Construction Accounting Tips, Finance
For construction industry professionals, the tracking of Labor Rate Variance (LRV) is a crucial element in project management and financial forecasting This metric measures the variance between the actual rate paid for labor and the standard or expected rate, thus...
