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Accounting

All stories in Accounting

16
DateTrendCategoryTitleSummary
AICMiC's NexusAI lets construction ERP users set up jobs, budgets and invoices from a typed requestCMiC's NexusAI takes plain-language requests in its construction ERP and drafts jobs, budgets and invoices for a user to review and confirm.
AIBuildOps AI agents draft quotes and invoices from technician visit notes, with full release in January 2027BuildOps' new AI agents read technician visit notes, draft quotes for unquoted work, flag stalled service jobs and build invoices from billing rules.
DataHow to compute average annual receipts for the SBA size standard, with a $45 million general contractor exampleSBA averages five years of receipts, subcontractor costs included, to decide if a contractor is small. This example tracks a GC near the $45 million line.
DataHow to compute unabsorbed home office overhead with the Eichleay formula, with a 60-day suspension exampleThe Eichleay formula prices home office overhead lost during a federal suspension. This example turns a 60-day suspension into a $2,000 daily rate.
AINetSuite plans AI agents that turn estimates into job budgets and draft pay applicationsNetSuite's planned construction product uses AI agents to turn estimates into schedules of values and job budgets, and to draft monthly pay applications.
DataHow to compute Prompt Payment Act interest on a late federal pay application, with a $6,740 exampleFederal agencies owe interest on late construction payments. This example computes it for two pay apps and a retainage release at the 4.75% rate.
DataHow to adjust days sales outstanding for retainage and billing cycles, with a 51.6-day exampleA contractor's DSO mixes retainage, bills not yet due and bills past due. This example splits a 51.6-day DSO into those pieces by owner.
DataHow to track retainage aging by job and by owner, with a $1.35 million example FeatureRetainage aging starts when the release comes due. This example sorts $1.35 million of retainage on six jobs by job, by owner and by days past due.
DataHow to compute your experience mod from the NCCI worksheet, with a $100,000 loss exampleNCCI's experience mod weights claim count above claim size. This example shows ten $10,000 claims pushing a mod above 1.00 where one $100,000 claim does not.
AISpeedchain says its AI Receipt Agent cut one contractor's month-end close time 95%Speedchain's AI Receipt Agent collects card receipts by text, reads the vendor and amount, and suggests the job and cost code for approval.
DataHow to measure change orders as a percent of original contract by cause, with a $100 million exampleChange order rate divides approved change orders by the original contract. This example splits it by job and by cause across six jobs.
DataHow to track bid-hit ratio by client type, job size and estimator, with a 120-bid exampleBid-hit ratio counts bids per job won. This example splits it by client type, job size and estimator, in counts and in dollars.
DataHow to compute backlog in months and compare it with ABC's 8.5-month August readingBacklog in months divides signed, unearned work by annual revenue. Here is the formula ABC uses, a worked example, and how to read yours against its survey.
DataHow to measure gross margin fade across a portfolio of jobsFade compares each job's bid margin with its current estimate. Here is how to measure it by job, by estimator and across the portfolio.
DataHow to build a work-in-progress schedule from job cost data, column by columnA WIP schedule needs four inputs per job. Here is how each column is calculated and what it tells a CFO, with a four-job worked example.
AccountingOverbilling and underbilling in construction, with a worked exampleOverbilling and underbilling compare what a contractor has billed with what it has earned on percentage of completion. This guide works through a $2 million job.