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Read the latest news and views on the hot topics affecting the construction industry, along with construction accounting software insights from our expert team.

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Speller Metcalfe wins new Wolverhampton library upgrade

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.
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10 Ways to Save Time with Construction Accounting Software

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:
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Optimisation Tips for Construction Company Accountants

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.
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Understanding CIS: A Construction Industry Scheme Recap

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.
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Modernising Construction Accounting: The Case for Cloud Construction Accounting Software

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.
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Streamlining Tax Year End with Construction Accounting Software

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.
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Ensuring Compliance and Mitigating Legal Risks: The Case for Construction Companies to Adopt Accounting Software

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.
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Sales Ordering made simple with Evolution Mx

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.
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Ensure Better Data Visibility With Advanced Business Analytics Tools

In this competitive landscape, the integration of advanced business analytics tools becomes a game-changer for your business, empowering construction accountants to navigate the intricacies of their role with ease. When thinking about upgrading your accounting solution and making your life easier, you should consider the following benefits that a construction specific accounting solution like Evolution Mx can provide:
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Streamlining Construction Accounting: The Role of OCR and Invoice Registering Modules

In an industry of cutting-edge technologies, it is essential to keep up to date for enhancing efficiency and accuracy in your business. One such technology we have seen making waves in the construction industry is Optical Character Recognition (OCR). In this article, we will explore what OCR is and delve into the ways our enhanced Invoice Registering module, powered by OCR, can significantly benefit construction accountants’ success in 2024.
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Digital Goods Received Notes (GRNs) in 2024: A Leap Towards Efficiency

Traditionally, the Goods Received Note has been a manual, time-consuming process involving the physical documentation of received goods on paper. This method is not without its challenges, as it opens the door to human errors, delays in information sharing, and difficulties in tracking inventory. In the fast-paced world of construction, timelines and accuracy is paramount. The adoption of digital technologies in 2024 can significantly streamline processes and help achieve a greater efficiency overall. GRNs are often forgotten, but the transition to digital GRNs offers construction companies a range of advantages, including improved accuracy and tracking to enhanced collaboration with staff. Here are some reasons why construction companies should consider making the switch to digital in 2024.
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Safeguarding your data in 2024: Cybersecurity Threats and Protecting your Business

With technology being such a large part of our lives, construction accountants find themselves against an array of cybersecurity attacks that threaten the stability of their organisations. With approximately 2.39 million cases of cyber-crime in the past 12 months as digital transformation becomes integral to the future of the construction industry, accountants must remain vigilant and implement measures to stay ahead and keep data protect in 2024.
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Maximising Efficiency in 2024: Why Accountants Should Leverage Their Software

In the ever-evolving landscape of the construction industry, where precision and efficiency are paramount, construction accountants play a pivotal role in ensuring a business’s financial health. Because of this, the tool that has become indispensable for modern construction accountants is an advanced accounting software. Here we explore why construction accountants must master the their accounting software to maximize efficiency and contribute effectively to the overall success of the project.
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Improving Construction Accounting Practices for Success in 2024

In the ever-evolving landscape of the construction industry, staying ahead of the curve is crucial for success. For construction accountants, adapting to the latest technologies is essential to improve efficiency, accuracy, and overall business performance. As we step into 2024, construction accountants have numerous opportunities to elevate their practices and contribute significantly to the success of their construction businesses. Here are some key strategies to consider when looking to make the most of 2024:
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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.
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