Implement Cost Accounting in Construction – Processing Documents
Minimum Bottom Line Profit Should Average 9.4%!
For Trades & Subcontractors, at Least 11%
After Income Taxes Are Paid!
In construction there is little respect for processing paperwork. Contractors want to build projects, not deal with how paper is managed. But to gain a true understanding of what it costs to build a project and implement cost accounting, the contractor has to process documents in a meaningful way. To successfully implement cost accounting in construction, the contractor must process documents and store these documents for future reference. The two prior articles cover setting up a file structure and creating a document flow system to implement cost accounting in construction. For further information on these two articles go to the following links:
File Structure in Construction
Document Flow System in Construction
To understand the best methods of processing documents, this article will address how to deal with the mail, hand receipts, credit card receipts and other types of documents. Each section will describe the handling process and where the final source document (the actual receipt or bill) ends up in the file structure.
Processing Mail (Including E-Mail)
With all parties involved
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