“Billings do not equal revenue in construction accounting.” That was one of the big takeaways from a recent ProNovos webinar “Introduction to Construction Financial Analytics” that covered a critically important topic for contractors: revenue recognition in construction. GBQ Partners LLC Chris Mast, Director of Construction Industry Services for Top 100
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FOR IMMEDIATE RELEASE ATLANTA (04/21/2023) — The Construction Financial Management Association (CFMA) has elected Bruce Orr, founder and chief data scientist of ProNovos, to its national Executive Committee. “We are excited that Bruce will be joining our Executive Committee,” said Stuart Binstock, CFMA’s President and CEO. “Bruce brings a unique
“When we see contractors struggle, it’s typically not because of insufficient profitability or total volume,” explains ProNovos Product Manager Kevin Bright, who serves as a liaison between ProNovos’ technical team and the company’s contractor customers. “It’s making sure they have enough cash to fund their operations.” Bright kicks off a
FOR IMMEDIATE RELEASE ATLANTA (03/14/2023) — ProNovos, which provides operational and financial workflows along with comprehensive analytics solutions to construction contractors and their CPA firms, has joined the QuickBooks Apps Store. “The global leader in cloud accounting, with millions of subscribers worldwide, QuickBooks fuels the success of contractors across the
As we celebrate Women in Construction Week, it is important to recognize the incredible contributions of women in a traditionally male-dominated industry. Elise Krueger, a Senior Software Engineer at Dome Construction, is one such woman who has made her mark in the construction industry. What is your role/title? How long
Women continue to make strides in construction, entering into key leadership roles in the field and office. Historically, construction has been one of the most male-dominated industries. According to recently updated data from the U.S. Bureau of Statistics, there are almost 1.24 million women working in construction, or about 11%
“How are we doing on this job?” Answering that question can be the key to making smart adjustments to construction projects in real time. The short videos below show how to use ProNovos to get to the root causes of project trends in real time. They were taken from our
FOR IMMEDIATE RELEASE ATLANTA (January 24, 2023)—ProNovos has hired Denver C. Sperry III, who spent nearly a decade implementing Foundation Accounting Software for construction contractors across the United States, as Implementation Manager. The ProNovosAnalytics Marketplace is a one-stop-shop packed with off-the-shelf dashboards designed to hit the ground running with data
Given the pressures in today’s construction industry, contractors need to do all they can to avoid “being the bank” on their projects. A recent ProNovos lunch-and-learn session on LinkedIn—“Job Borrow: How to Identify and Avoid a Serious Cash Flow Issue”—offered some tips on how to achieve that goal. Veteran construction
ProNovos founder Bruce Orr discussed that question and more in Episode 557 of the North Fulton Business Radio podcast, hosted by John Ray (@northfultonbrx). Part of the Business RadioX network, Ray’s show spreads the word about important work local businesses are doing to serve their markets, communities and professions. Ray
What is revenue recognition in construction?
“Billings do not equal revenue in construction accounting.” That was one of the big takeaways from a recent ProNovos webinar
ProNovos Founder Bruce Orr Elected to Construction Financial Management Association (CFMA) Executive Committee
FOR IMMEDIATE RELEASE ATLANTA (04/21/2023) — The Construction Financial Management Association (CFMA) has elected Bruce Orr, founder and chief data
Introducing Cash Flow-Forecasting By ProNovos
“When we see contractors struggle, it’s typically not because of insufficient profitability or total volume,” explains ProNovos Product Manager Kevin
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