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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

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As a construction company preparing our own financials, what general ledger accounts should we add?

Proformative

We are a construction company and would like to have a few questions answered re.

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A Platform for Every Dynamic Plan Your Business Needs

Planful

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. And finance uses those constructs to deliver even more structured outputs, like P&L’s, balance sheets and cash flow statements. That’s because finance is fundamentally structured.

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Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

Don’t worry, no construction skills are necessary! A Permanent Audit Trail starts with a transaction or event, which then goes to a source document, then on to the general ledger, which then moves on to a “trial balance tie-out” at month end (this is where we find and fix errors, add accruals and AJEs).

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How To Clean Up Business Financial Statements

CFO Share

Take the time to examine your item masters, product codes, general ledger mappings, and the structure of your chart of accounts. Depending on your software, it might be easier to construct an external SCF in Excel to gain a clearer understanding of cash movements. Ignoring the system setup. Mistake 3: Procrastinating cleanup.