Behind every successful construction project is a well-defined construction plan. And the more detailed this plan is, the more streamlined the project execution. The plan has to cover all the aims and objectives of the project, the tasks that must be carried out, all...
Running a successful construction company means relying on the expertise and diligence of many people, from managers and accountants to workers and subcontractors. Among them, equipment managers play a key role in ensuring that construction operations are productive,...
How you manage and track your valuable assets can either make or break your company, no doubt about it. In this article, we’ll, therefore, delve deeper into the best practices regarding fixed asset accounting—an integral part of asset management—providing insights,...
As a construction company grows, it usually acquires more and more fixed assets like heavy machinery, vehicles, equipment, tools, and facilities needed to perform day-to-day operations and generate revenue. Naturally, these long-term assets require continuous...
The one inescapable truth about your construction equipment is that it’s going to lose its value over time. And while depreciation can’t be avoided, it can certainly be slowed down through regular maintenance, as well as used for tax purposes. But what equipment...
If you’re a construction company owner or manager, you might feel inclined to leave all matters related to fixed asset depreciation to your accountant. And your instincts would largely be right, as the accountants and tax advisors should be involved in making...
