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Reverse Charge VAT came into force in March, after being delayed twice before, and means that customers pay VAT directly to HMRC instead of with their usual bill. This has left a lot of construction contractors paying VAT to suppliers whilst not receiving it from their customers. 

Accounting is one of the most important elements of running a successful construction business, but as the industry has a lot of niche requirements, so does construction accounting.

Accurate job costing is essential for construction businesses to ensure that projects not only complete within budget, but to ensure healthy cash flow, too. 

With the news that a Civil Engineering company has been fined £40,000 after multiple employees were diagnosed with Hand Arm Vibration Syndrome (HAVS), construction companies are evaluating the processes they have in place to ensure their on-site teams are remaining compliant with health and safety regulations.

Following Sage’s announcement that they will no longer support Sage Job Costing from October 2021, many construction companies are now looking for a new job costing alternative. 

In the construction industry, the majority of projects include the hiring and managing of subcontractors. Subcontractors have always played an important role in helping construction companies complete projects, by providing the skills they need to get the job done, without having to directly employ people.

The construction industry has typically lagged behind other sectors when it comes to the adoption of new technologies, but it seems that could finally be changing. Many construction companies are going through the process of digital transformation in a bid to boost productivity and efficiency, but there are still many barriers to overcome that are stopping many others from following suit. 

Our construction accounting software is built specifically for the needs of the construction industry and is designed to improve efficiency throughout all areas of the business. Based on the specialist requirements of a construction business, it becomes difficult to use generic accounting software. Your construction business needs accounting software that is tailored to these specific needs, including the CIS scheme, subcontractors, retentions and more.  Read on to discover the 5 key reasons your business should be using construction accounting software:

The Construction Industry Scheme (CIS) is a HMRC tax requirement for both contractors and subcontractors. 

After several construction firms were suspended from the Prompt Payment Code after failing to pay their suppliers on time, the scheme has been cut from 60 days to 30 days.

Whilst the financial investment required by a construction business to change accounting systems remains a key consideration, it’s the perceived disruption caused by the change which is now the largest reason businesses avoid a change to their construction accounting system.

Accurately recording job costs can be the difference between a profitable construction business and a failing one. That’s why it’s important that construction companies use job costing software to see all job costs in real time.

Waiting for delivery notes to make their way back to the office from your sites slows down the payment of supplier invoices, but there is a more efficient way to process goods received notes. Our bestselling module, Mobile GRN, eliminates time spent waiting for delivery notes to get back to the office from site.

There’s no doubt that the Coronavirus outbreak has been a huge disruptor of business across the world, perhaps most obviously in the construction industry. And whilst it’s not possible for your site staff to work from home, with the right tools your back office staff certainly can; enter web-based construction accounting software.

Effectively managing your construction business’ cash flow can be the difference between a successful business and a failing one. But how exactly do you manage construction cash flow to make sure your projects are profitable from start to finish?

The Covid-19 pandemic has without a doubt been the single greatest disruptor to the construction industry since the 2008 recession, but the industry is thinking on its feet and adapting to make sites safe to facilitate a return to work amid the pandemic. Sophie Hurst, Managing Director of Integrity Software, writes.

As the Government urges construction companies to get back to work, they have published guidance on how to reopen sites safely.

For large construction businesses undertaking many large projects at the same time, processing hundreds - or even thousands - of supplier invoices every month is a huge task in itself. So what can you do to help cut the time your team spends processing them? Read on to find out.

You didn’t take the decision to upgrade your construction accounting software lightly – but you’ve decided to take the plunge and upgrade your old system now that it’s begun to show signs of age.

HMRC have announced they are delaying the controversial IR35 changes for 12 months amid the Coronavirus pandemic.

The Chancellor Rishi Sunak announced a temporary set of measures in Friday evening’s daily press conference to support people and businesses during the COVID-19 pandemic, some of which will be instrumental in helping the UK construction industry to stay afloat during these unprecedented times. Read on the find out more.

Electronic payslips sent via email can help your construction business in lots of ways; here we take a look at the key benefits your business could take advantage of should you make the switch.

The construction industry typically lags behind when it comes to digitisation. In this blog post we discuss how digitising on-site paperwork can help construction businesses improve their health and safety record.

A new bill is set to be introduced to the House of Lords today clamping down on late payments.