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The construction industry has traditionally relied on paper timesheets to track employee hours and manage payroll.

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.

Efficient and accurate financial management is crucial for the success of any construction project, especially in the current economic climate.

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. 

A construction timesheet is a method of recording and tracking the amount of time a worker spends on a job. This allows construction businesses to easily track how many hours its employees have worked for and ensures they are being paid the correct amount. 

Subcontractor management is an important process in the construction industry. Subcontractors are hired for the majority of construction projects as they can provide the skills you need to get the job done, without having to directly employ anyone.   Manually managing subcontractors can often be complex and time-consuming, especially when you’re working on multiple different projects at once. Something that can help you more effectively manage your subcontractors is digitising your processes.  The easiest way to digitise your subcontractor management process is by using a construction-specific management software. By using an integrated management system, you can improve most aspects of the subcontractor management process such as verification, regulations, payments, and invoicing. Evolution Mx from Integrity Software is a fully integrated, accounting and management software specifically designed for the construction industry. As subcontractor management is such an important process in the construction industry, Evolution Mx, has a number of features designed to improve your subcontractor management process. Subcontractor Verification The first step of the subcontractor management process is deciding which subcontractors to hire. You have to consider the specific skill set you need, as well as their experience and price. Once you have chosen the right subcontractor for the job, it is important to ensure they are fully licensed and insured. By using the subcontractor management module, included in Evolution Mx, you can easily verify subcontractors thanks to a direct link to HMRC. Once a subcontractor is verified, you can then manage any relevant documentation related to them, including insurance expiry dates and training documentation.   Authorisation of Payments Another important process when it comes to subcontractor management is payment. Digitising your payment process can ensure your subcontractors are paid accurately and on time.  Evolution Mx allows subcontractor payment applications to be placed into a workflow that requires authorisation before allowing payment. This means that payments can be approved by a nominated person, such as the Quantity Surveyor or Contract Manager. This workflow can improve the efficiency, accuracy and speed of your subcontractor payments. You can also send an advanced notification of payment to your subcontractors, ensuring positive communication with them as they are always kept in the loop. Full CIS Compliance When it comes to paying your subcontractors, it is important to consider legislative requirements such as CIS in the UK or the RCT scheme in Ireland. Using Evolution Mx can help you ensure you stay compliant with these schemes as it allows you to submit CIS returns directly to HMRC each month. This allows you to speed up the process of CIS returns and ensures your business is staying compliant. Evolution Mx can also provide payment certificates and statements to subcontractors so they can stay informed on the payments as well.

With over 90% of construction companies still relying on outdated methods for many of their business processes, is it time for the construction industry to utilise technology and move towards digitisation?

In the construction industry, spreadsheets are a popular tool used for managing projects, estimating and more – but just how useful are they?

We are pleased to announce that our parent company, JDM Technology Group is growing again through the acquisition of Fountain Hills, Arizona based Deneb Software.

When it comes to construction contract management there are a lot of variables to keep on top of. These include – but are not limited to - planning schedules, allocating resources, staying within budget and meeting deadlines.  This can make managing even just 1 contract extremely complex, so when managing multiple contracts at the same time it can become quite a challenge.

When it comes to running a profitable construction business, having a positive cash flow is essential. This post will discuss the fundamentals of cash flow before highlighting how you can ensure your construction business is maintaining a positive cash flow.

Invoice processing is the way a company manages receiving and paying incoming invoices. Due to the nature of the construction industry the number of monthly invoices that need processing can be very high.

A Goods Received Note (GRN) is a two-way document that is a record of goods received from a supplier and shows proof that the ordered goods have been received. They are mainly used by the buyer, to compare the amount of goods ordered with what was received.  GRNs can help a business get a better overview of their input and output as well as helping them check they’ve received all the products they have ordered.  If any items are missing, the customer can contact the supplier, using the GRN as proof, allowing the issues to be resolved quickly and efficiently. GRNs are vital for construction company, as they are used for stock updates and o authorise payment of goods received. 

As a contractor in the construction industry, it is important to be aware of the Construction Industry Scheme if you use subcontractors, as you are required to use it and comply with the rules. In this post, we discuss 4 thing contractors need to understand about CIS and how construction-specific accounting software can help you improve your CIS accounting process.

With postage costs on the rise again, it might be time to consider switching to email payslips – to save your company on both time and money.