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Managing time effectively is crucial for construction companies. With so many moving parts and workers spread across multiple job sites, manual time tracking methods can lead to inefficiencies, errors, and missed deadlines.

In the fast-paced and highly competitive construction industry, managing finances can be a challenging task. Projects are often large and complex, involving multiple stakeholders, fluctuating costs, and unpredictable timelines. For construction companies, having a robust accounting system in place is essential to keep track of finances, ensure profitability, and maintain control over project budgets.

The construction industry, known for its large-scale projects, strict deadlines, and intricate workflows, is undergoing a significant digital transformation.

In today’s construction industry, efficiency, transparency, and cost-effectiveness are key to staying competitive.

The implementation of significant reforms in public procurement, originally slated for October 2024, has been postponed until February 2025. The delay aims to provide more time for the construction industry and public sector bodies to prepare for the extensive changes.

In the competitive world of construction, efficiency, accuracy, and control are essential to ensure projects run smoothly. For construction companies in the UK and Ireland, managing finances, projects, and resources effectively can be complex. With multiple teams, suppliers, contractors, and regulations to consider, a robust solution is necessary.

In the dynamic world of construction, where timelines are tight, budgets are fixed, and quality is non-negotiable, keeping projects on track can be a daunting challenge. To navigate these complexities, construction companies increasingly rely on Key Performance Indicators (KPIs) to monitor progress, identify risks, and drive continuous improvement.

In the construction industry, maintaining profitability while ensuring project accuracy is crucial. This is where cost value reconciliation in construction plays a pivotal role. CVR is a financial process that helps construction businesses monitor and manage the relationship between the costs incurred on a project and the value generated by it. By regularly performing CVR, companies can keep projects on track, identify potential issues early, and ultimately, protect their bottom line.

In today's fast-paced world, the construction industry is undergoing a significant transformation. With projects becoming increasingly complex, and the need for efficiency at an all-time high, traditional methods are no longer sufficient to keep up with the demands. Enter construction software - a game-changer that is revolutionising how construction projects are planned, managed, and executed.

In the construction industry we know that most businesses are striving for efficiency and innovation at every opportunity, there is however only a certain amount of time and money a business can invest before it becomes unprofitable.

In the modern digital age, updates in technology have undoubtedly revolutionised how businesses manage and secure information. Construction businesses, with unique data needs and challenges, need to seriously consider the shift from traditional on-premises storage to cloud solutions. However, the question remains: Is cloud data storage safe for construction businesses in the UK?

In 2024, many construction companies still rely on spreadsheets for their accounting needs. While spreadsheets have long been a staple in the financial toolkit, they come with significant drawbacks that can impede a company's growth and accuracy in financial reporting. Here’s why construction company accountants should consider moving away from spreadsheets and towards more advanced construction accounting software solutions.

As the summer season approaches, construction accountants need to look ahead to the potential growth opportunities of their business and how they can help success. The transition between seasons can have a real impact on the profitability of construction projects. To ensure smooth financial operations and minimise potential risks, here are some key considerations that construction accountants need to keep in mind before Summer arrives.

We are proud to share that the City of Wolverhampton Council has selected Speller Metcalfe as the preferred contractor for significant upgrades to the Central Library and Adult Education Wolverhampton facilities, part of the new £61 million City Learning Quarter development.

Berkeley Group has announced that moving to a new finance system could leave its supply chain facing six weeks without pay.

In fast-paced construction accounting, time is the key to productivity. Accountants in the industry are tasked with managing complex financial transactions, ensuring compliance with regulations, and providing accurate reporting—all while keeping projects on track and within budget. To help navigate these challenges, here are ten ways accountants can harness the power of construction accounting software to save time and improve productivity:

In the dynamic world of construction, good financial management is paramount. Construction accountants play a critical role in ensuring the financial health and success of their organisations. To optimize their performance, they must adapt to the unique challenges and opportunities they face. This article explores tips that construction company accountants can employ to enhance performance and contribute to success.

The Construction Industry Scheme (CIS) stands as a crucial component of the UK's construction sector, designed to regulate tax payments for contractors and subcontractors. Instituted by Her Majesty's Revenue and Customs (HMRC), CIS aims to ensure tax compliance within the construction industry, promoting fairness and transparency in financial transactions. This article provides an in-depth exploration of CIS, elucidating its key features, procedures, and implications for stakeholders in the UK construction sector.

In an era where digital transformation is defining industries, construction companies stand at the cusp of innovation. Traditionally and often reluctantly reliant on on-site servers to manage their vast data needs, these companies are now presented with a compelling alternative: cloud-based solutions, particularly our cloud construction accounting software, Evolution Mx. The shift to cloud technology offers a myriad of benefits that can streamline operations, enhance collaboration, and drive efficiency in the realm of construction accounting. Here's why construction companies should seriously consider making the switch to cloud-based systems, especially cloud construction accounting software.

Did you know that EVERY single working day in the UK two construction workers take their own life, and that stress, anxiety and depression accounts for a fifth of all work- related illness?

To celebrate International Women’s Day and how we are investing in women, we interviewed Integrity Software MD Sophie Hurst and asked her some questions about what it’s been like over the past 25 years as a woman in the industry.

As the end of the tax year approaches in April, construction companies often find themselves grappling with numerous financial reports, complex project data, and regulatory compliance requirements. However, the advent of specialised construction accounting software has revolutionised the way you can manage finances and navigate tax season. By leveraging advanced features tailored to the industry's unique needs, industry specific software not only streamlines day-to-day operations but also facilitates a smoother tax year end process. Let's delve into how construction accounting software can make this daunting task much more manageable.

In this digital age, where technology continues to revolutionise various sectors, construction companies stand to benefit immensely from the adoption of accounting software. Not only does it streamline financial operations, but it also serves as a crucial tool in ensuring compliance and avoiding potential legal entanglements. Here's why construction companies should consider integrating accounting software into their operations.

In the construction industry managing your ordering can be a time-consuming task. As a part of our construction-specific accounting and management solution, our Sales Ordering module is ideal for construction businesses handling stock and speeds up the whole process of stock handling and order management.