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Making the Most of Your Construction Accounting Software Payroll Process By Deneb Construction Accounting Software

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Today’s payroll process seems be more complicated than ever. And unfortunately, it’s not an area of your business that can be overly forgiving of errors. Between wage, fringe and tax rates; union stipulations; certified payroll; and a host of additional variables, maintaining efficiency and accuracy can be a challenge. Construction Accounting Software Here are some suggestions to help manage and facilitate this critical task. 1.       Be software savvy Use a construction accounting software system that is exclusive to the construction industry and that is fully integrated. What that means is that the various platforms of your system, i.e. payroll and general ledger, will communicate with each other. For maximum efficiency, payroll should integrate, in real time, with job cost, equipment control, work order, general ledger and bank reconciliation.     2.       Get educated Fringes, certified payroll, taxes (FICA, Fede...
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Find Best Accounting Software for Construction Business | Cloud Accounting Software

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  A vital component to any construction accounting system is job cost — available from good construction accounting software and one that is fully integrated with other fundamental processes. What is Job Costing? Job cost in the cloud is a detailed accounting method used to track all facets of a job – labor , materials and overhead . It is also where projects can be tracked by phases and types.  ·    Tracking of labor costs is all-inclusive in job costing and includes rate of pay, worker’s compensation, overtime, company taxes, payroll taxes, employee benefits and other expenses as they might apply.   ·      Materials are generally categorized as direct or indirect. Concrete, steel, wiring, and wood are examples of direct and designated specifically for one job. Indirect are materials are more universal such as tape, fittings, gloves, etc. that can be used for numerous projects. ·       Direct overhead ,...
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Location: Fountain Hills, AZ 85268, USA
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