Construction Accounting 101 - Mastering Compliance in Construction Accounting: Construction Accounting 101

Welcome back to our Construction Accounting 101 series! In this episode, Reid Bangert and Sarah Treacy dive into the vital topic of compliance in construction accounting. Learn how compliance helps alleviate risk, ensure up-to-date insurance, manage lien waivers, and track contractor licenses. Please note, this video is for informational purposes only and does not constitute financial advice. For specific guidance on your accounting controls, consult with a CPA or professional accountant. Key Topics Covered: What is Compliance in Construction Accounting? Importance of Compliance for Risk Management Setting Up Compliance in Sage Intacct Managing Insurance, Lien Waivers, and Licenses Customizing Compliance Types and Definitions Future Updates and Enhancements in Sage Intacct Chapters: 0:00 Introduction 0:13 What is Compliance? 1:09 Importance of Compliance in Construction 2:24 Setting Up Compliance in Sage Intacct 5:02 Managing Insurance, Lien Waivers, and Licenses 6:49 Customizing Compliance Types 7:19 Future Enhancements in Sage Intacct 8:30 Conclusion and Exciting Updates For more detailed discussions on construction accounting, make sure to subscribe to our channel and follow our Construction Accounting 101 playlist: https://www.youtube.com/playlist?list=PLUEFaoEUpJ2CKdWXlCFSb7Kz6omB1dyGx Have questions? Sign up for a free Ask Richard account and get expert advice on Sage Intacct: https://askrichard.io