Professional Accounting Blog

    Accounting For Your Prosperity

    Carlin Culbertson

    With almost 10 years in public accounting, Carlin has extensive auditing experience serving a wide variety of clients in various industries, including construction, manufacturing, mining, biotechnology and distribution.

    Recent Posts

    Using Construction Technology can Result in Significant Cost Savings and Efficiencies

    Posted by Carlin Culbertson on Aug 2, 2019 10:39:44 AM

    Topics: Construction

    I recently attended a construction conference and one of the sessions featured a speaker from Dodge Data and Analytics, who do a lot of research related to the construction industry.  Part of the presentation focused on industry technology and the impact it’s having on construction firms.  Here are some of the takeaways.   

    Building Information Modeling (“BIM”) software is already in use at a lot of contractors.  It is software that allows a contractor to create a digital model/plan of a building, highway, etc. which has significant advantages over a traditional blueprint or paper-based plan.  It provides a great visualization tool to job owners during the bid and planning phases, during the construction process to provide updates/check progress, and when the project is finished provides a complete digital map of the final project to the job owner.  It can be adjusted easily if a change is needed to the design.  It can be used for projections and what if scenarios (like where should I position a large crane, what’s the most efficient placement for materials staging), among other uses that help with planning and in turn reduce inefficiencies.  It can also be used to track progress compared to the plan, catch potential issues earlier, and reduce rework.  Even though it is commonly called BIM, it applies to construction projects other than just buildings, such as civil projects.  To show how BIM can reduce time and costs, the presentation mentioned that Turner Construction reported efficiency increases of 143% for mechanical, 67% for plumbing, and 36% for fire protection from using BIM and related resources.  Some of the other technologies available today integrate with BIM making it even more powerful.  Learn more about BIM here. 

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    4 Innovative Ways to Improve Logistics to Increase Profitability

    Posted by Carlin Culbertson on Jun 27, 2019 3:47:06 PM

    Topics: Accounting & Auditing, Accounting and Tax Resource

    Freight management helps companies gain an understanding of where their shipments are, builds better customer relationships, reduces the need for excess inventory and improves reliability across the supply chain.

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    The Importance of Accurate Inventory Forecasting

    Posted by Carlin Culbertson on Jun 14, 2019 10:56:00 AM

    Topics: Accounting & Auditing

    Forecasting is a key element in conducting your business. The realism that good forecasting provides can help you develop and improve your strategic plans by increasing your knowledge of the marketplace. The forecast that your sales force provides is the source of information that allows you to manage virtually all aspects of your business.

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    6 Questions to Ask When Selecting an Audit Firm

    Posted by Carlin Culbertson on May 28, 2019 8:00:00 AM

    Topics: Accounting & Auditing

    Higher Turnover May be Great for Inventory but Not so Much for Your Audit Team

    Auditor that could be your kid – “What on earth is demurrage?” 

    You  – “Seriously? What do your workpapers say from last year about it? Or maybe try using this thing called Google.”

    Or, in the scenario that you get an auditor that knows everything there is to know.

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    What is Accounting Automation and Does it Make Sense for You?

    Posted by Carlin Culbertson on Nov 14, 2017 9:15:00 AM

    Topics: Accounting & Auditing

    If you didn’t have a stack of invoices that need keyed into your accounting system and coded to expense accounts would you be sad? Hopefully not unless you’re one of those people that really likes typing. If you aren’t one of those people and want to avoid getting carpal tunnel, then you may be interested in accounting automation using artificial intelligence (AI) tools and how it can streamline your processes, free up time, and increase accuracy.

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