Article Archives - Foundation Software Construction Software for Contractors Mon, 22 Sep 2025 12:19:43 +0000 en-US hourly 1 https://www.foundationsoft.com/wp-content/uploads/2021/05/cropped-chevron-icon-32x32.png Article Archives - Foundation Software 32 32 Top 5 Construction Reports and How They Help Your Business https://www.foundationsoft.com/learn/top-5-construction-reports-and-how-they-help-your-business/ Mon, 19 Aug 2024 12:36:02 +0000 https://www.foundationsoft.com/?p=22096 Construction reports are the financial backbone of a contractor’s business. Contractors leverage these reports to make decisions that are critical to their success. These reports also provide transparency for internal and external stakeholders about project performance, costs and revenue. It’s important contractors understand the most common financial reports, their purpose and how to accurately compile data within them. With that ...

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]]> How to Select Construction Accounting Software for Your Company https://www.foundationsoft.com/learn/how-to-select-construction-accounting-software-for-your-company/ Thu, 15 Aug 2024 12:56:49 +0000 https://www.foundationsoft.com/?p=22080 Before selecting a construction accounting solution for your company, it’s important to research your choices and evaluate your company’s needs. By understanding what key features are ‘must-haves’ as well as what functionalities you’d like for the future, you can avoid the wrong fit and invest in a product that’ll grow with your construction business. With that in mind, below are ...

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]]> Why the Architectural Billing Index Matters in Construction https://www.foundationsoft.com/learn/why-the-architectural-billing-index-matters-in-construction/ Mon, 05 Aug 2024 12:18:22 +0000 https://www.foundationsoft.com/?p=22029 The Architectural Billing Index (ABI) is a beneficial resource for commercial construction contractors. It acts as an economic indicator that measures the demand for architectural design services throughout the United States. The ABI provides insight into future construction activity across various sectors. As the adage goes, if the architects are busy upstream, the contractors will be busy downstream. And vice ...

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]]> The Importance of a Construction Backlog for Contractors https://www.foundationsoft.com/learn/the-importance-of-backlogs-in-the-construction-industry/ Wed, 31 Jul 2024 13:00:42 +0000 https://www.foundationsoft.com/?p=21996 Successful contractors are always planning ahead to make sure they have plenty of jobs scheduled.  This process is also referred to as building a construction backlog. Tracking your backlog allows you to forecast future earnings, allocate the proper resources for each project, and ensure projects are delivered on time and within budget. A backlog in construction provides valuable insights regarding ...

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]]> How to Use Each Construction Billing Report https://www.foundationsoft.com/learn/fsl-understanding-construction-billing-reports-blog/ Thu, 25 Jul 2024 13:28:56 +0000 https://www.foundationsoft.com/?p=21973 Construction billing reports hold valuable insights into your cash flow and monitoring cash flow is how you guarantee a timely payment. Recently, slow payments have become a common pain point in the construction industry. According to Levelset, 95% of construction companies note that they experience stress over slow payments. However, many do not take significant action to remedy payment problems. The solution to ...

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]]> The Benefit of Year-Round Compliance https://www.foundationsoft.com/learn/the-benefit-of-year-round-compliance/ Wed, 24 Jul 2024 16:47:55 +0000 https://www.foundationsoft.com/?p=21977  In this episode of the Mobile Workforce Podcast, host Mike Merrill speaks with Matt Smith and Dorrie Franzello Kurtz, both CPAs at YHB CPAs and Consultants. They discuss the importance of year-round accounting compliance in the construction industry, highlighting how continuous collaboration between different departments can lead to stronger audit trails and better project outcomes. The conversation also covers ...

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]]> Halfway Through: Construction’s 2024 Outlook https://www.foundationsoft.com/learn/halfway-through-constructions-2024-outlook/ Fri, 19 Jul 2024 17:30:08 +0000 https://www.foundationsoft.com/?p=21967 Election years spark economic uncertainty in every industry, and construction is no different. Aside from the political uncertainty, many contractors are still trying to reset from the effects of COVID,[1], the impact of labor shortages and the damages done by an economy that is still recovering from record-high inflation rates.[2] As we look ahead to the second half of 2024, ...

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]]> The Era of Construction Megaprojects https://www.foundationsoft.com/learn/the-era-of-construction-megaprojects/ Wed, 17 Jul 2024 12:05:37 +0000 https://www.foundationsoft.com/?p=21919 Construction megaprojects are becoming increasingly popular with the US government. These landmark builds have quickly become the biggest construction projects happening right now, effectively defining the construction industry for the coming years. These projects can be extremely beneficial for contractors and can quickly become the cornerstone of a contractor’s portfolio. However, they can also come with their fair share of ...

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]]> Successfully Managing Construction Project Billing https://www.foundationsoft.com/learn/successfully-managing-construction-project-billing/ Fri, 05 Jul 2024 13:03:18 +0000 https://www.foundationsoft.com/?p=21850 In construction, smooth project billing is essential because it’s how contractors get paid. The billing process also allows you to track project expenses and invoice clients accurately. However, with various billing options available and multiple projects going on at once, managing paperwork and spreadsheets can quickly become overwhelming. Whether you’re new to construction or a seasoned general contractor, subcontractor or ...

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