Read the latest news and views on the hot topics affecting the construction industry, along with construction accounting software insights from our expert team.
The staff at integrity are pleased to welcome Gloucestershire based Cavendish Park Bricklayers to Evolution M, as they work to build a more flexible, more efficient business, allowing the team at Cavendish to boost efficiency and assist in streamlining their existing accounting and management processes.
Working to manage your construction projects becomes harder and more costly when you have to adapt to your software, instead of using software that adapts to you. Here are three compelling reasons to say goodbye to an outdated system and adopt something made for your needs.
Six Ways that Accounting Software can help Construction Companies avoid Bankruptcy and Administration
It’s no secret that construction companies often face financial challenges that can lead to mismanagement, losses, or even administration if not managed efficiently. A powerful tool that can help UK construction companies navigate these financial pitfalls is a robust and modern construction accounting software. In this article, we will explore how the implementation of a construction specific accounting software can help businesses avoid a worst-case scenario and improve their financial stability.
The construction industry in the United Kingdom has long been a vital pillar of the nation's economy, however, in recent years, the sector has struggled to overcome a host of financial challenges that have posed considerable threats to the success and sustainability of construction companies.
Construction projects are complex and require careful planning, execution, and monitoring to ensure profitability. One critical aspect of managing a construction project is the cost value reconciliation process. “CVR” aims to compare and align the budgeted costs with the actual cost incurred during the project's lifecycle. With cost value reconciliation, project managers can identify any discrepancies, make informed decisions, and improve future project estimations.
Integrity Software are thrilled to announce that Built Interiors, a well-established Dublin-based interior design and construction company, has selected Evolution Mx as their comprehensive accounting, project costing, and ERP system. This partnership represents a significant step forward for both organisations, and we look forward to working closely with the team at Built Interiors to servicing their critical business needs.
The Construction Computing Awards or "The Hammers" are back for 2023. This is the 17th annual event and as always, the hosts are looking to showcase and reward the best technology, tools and solutions for the year. We are proud to announce that we have been nominated as 2023 finalists, because we think our construction accounting software is great - and others agree! Our Evolution Mx software has been recognised by a multitude of different industry awards, including the Construction Computing Award for Best Accounting Software for the last 6 consecutive years, along with a Building Innovation Award, too.
In the dynamic world of construction, 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.
As the summer months begin to wind down and the autumn season approaches, construction accountants need to look ahead. 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 autumn arrives.
End of the road for your accounting solution? Why “End-of-life” can bring new life and efficiency to your business
The smooth management of financial transactions, cost tracking, and project budgeting are critical for construction companies' success. However, as technological advancements continue to reshape industries, many construction companies are faced with the dilemma of dealing with end-of-life accounting software. In this blog article, we explore the reasons why construction companies should seriously consider switching their accounting software when their current solution is reaching the end of its life.
As construction projects grow in complexity and size, managing finances becomes increasingly challenging. To meet these evolving demands, scalable construction accounting software has become an essential tool for construction companies.
The construction industry has traditionally relied on paper timesheets to track employee hours and manage payroll. However, in an era of rapid technological advancement, there’s no reason for your administration process to be left behind. The construction sector is embracing digital transformation and an area where this shift can show benefits is by replacing paper timesheets with a digital alternative. In this article, we will explore five advantages that construction businesses can gain by making the switch to digital timesheets with our new Time Portal module.
HMRC target CIS & Subbies in hunt for “millions of pounds of taxes that are slipping through the net.”
Experts warn that construction companies will be put under the spotlight as CIS submissions are reviewed, and contractors who engage scaffolders will be under extra scrutiny in this campaign.
Accounting software plays a vital role in the operation and financial management of your construction business. Despite the advancements in technology, many construction companies still face challenges and shortcomings when it comes to their accounting software. Here we will explore five common ways in which construction businesses' accounting software fails them and how these can impact the businesses overall financial health.
Efficient and accurate financial management is crucial for the success of any construction project, especially in the current economic climate. With the complexity and unique requirements of the construction industry, having a robust accounting software specifically tailored to address the needs of construction companies is vital. A good construction accounting software can streamline financial processes, improve data accuracy, and provide valuable insights for better decision-making.
We know that over the past few years it has become more and more difficult for staff to feel connected to both each other and their suppliers.
Over the past few years we have seen massive fluctuations in prices, demands that far exceeded supply and numerous questions raised over future survival of the industry in a post-Brexit, post-Covid world.
In 2023 with rising material costs and tax rates, it’s easier than ever to accumulate hidden costs and for your contracts to run over budget. Read on to discover four ways that construction companies can better track and manage their spending, meaning you’ll never go over budget without knowing again.
It’s likely that if you work in the construction industry, you have had to wait for paper-based documents to be submitted, located, or replaced on more than one occasion. In 2023 you shouldn’t have to be held back by the limitations of hardcopy paperwork or the lack of speed and security that comes with this archaic way of working.
It’s a simple fact that the businesses which regularly perform better are those that have a better understanding of their position. Being able to see a project in full helps inform decisions made throughout its lifecycle. However, errors in documentation or calculations can have a ripple effect that ultimately impacts your profits or means you lose favour with your supply chain.
In the construction industry your profitability is directly related to your costs and how you manage them. Read on to learn about our three biggest “cost concerns” and how with our construction-specific accounting software, Evolution Mx, you can regain control and maximise profitability.
The average cost of cyber security breaches for medium-sized UK businesses in 2022 was £8,040. Most of these cyber-attacks come from “malware”; a type of software specifically designed to stop your business from operating. If your server comes under attack, are you properly protected from the threat?
Being able to properly process invoices is a vital part of running any business, and in the construction industry the number of monthly invoices that need processing can be very high. Having to manually process these invoices can be a time-consuming and costly solution, especially when having to individually match invoices to a contract.
1st April 2023 marked 50 years since the introduction of the “simple” VAT and the first rise in Corporation Tax in 50 years. With half a century of VAT and half of business still confused about their obligations, this post will look at how you can simplify your tax management in 2023.
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