Construction businesses struggle to secure adequate project financing through traditional methods that don't match modern building project needs. The most effective approach combines multiple funding sources: traditional bank loans (5.5-8.5% rates) for major projects, equipment finance for quick asset acquisition, and alternative lenders for time-sensitive opportunities. Success requires comprehensive documentation including three years of financial statements, detailed project cost breakdowns, and proof of completed similar projects. Building relationships with multiple lenders before needing funds, maintaining professional financial management systems, and presenting detailed risk management plans dramatically improve approval odds. Contractors who invest in proper financial infrastructure and transparent communication with banking partners achieve better loan terms and consistent capital access. https://lnkd.in/eCyne7fm
About us
adding technology is a construction accounting solutions provider with focus on the Intuit products and platforms, including 3rd party applications. our vision is to build a future where every contractor has financial stability, tools and knowledge to grow their business with confidence so that they can focus on building projects in our communities.
- Website
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http://www.addingtechnology.com
External link for adding technology inc
- Industry
- Accounting
- Company size
- 2-10 employees
- Headquarters
- ventura, CA
- Type
- Self-Owned
- Founded
- 2001
- Specialties
- accounting software and private cloud hosting
Locations
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Primary
Get directions
ventura, CA 93003, US
Employees at adding technology inc
Updates
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check out the May 19, 2025 blog on our website for a more in-depth look at these key differences. https://lnkd.in/e4A5n49X
keeping contractors covered & tails wagging | construction accounting specialist | quickbooks advanced certified | dog lover and rescue advocate
Construction ≠ Regular Accounting For contractors, a “standard” P&L does NOT always tell the full story. 🧾 What makes construction different? ✅ WIP schedules: show whether profit is earned or just billed. ✅ Change orders: capture scope creep before margins disappear. ✅ Overhead allocation: spread costs fairly across jobs, not lumped in “general.” If your books look “fine” but cash is tight, the missing puzzle piece might be in these three areas. 👉 Which do you review first—WIP, AR aging, or cash flow forecast? #constructionaccounting #WIP #changeorders #projectcontrols #addingtechnologyinc
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Construction finance management determines project success, as poor financial oversight causes 70% of construction business failures within five years. Smart financial systems with real-time cost tracking, automated payment processing, and integrated field operations create the foundation for profitable projects. Companies that master these three components report 25% faster completion times and 18% better cost control. Strategic change order protocols and aggressive payment collection prevent the financial disasters that destroy construction profitability. https://lnkd.in/esTV_9Ev
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keeping contractors covered & tails wagging | construction accounting specialist | quickbooks advanced certified | dog lover and rescue advocate
🔐 Bank Security and QuickBooks Online Bank Feeds If you’ve noticed interruptions or changes with your QuickBooks Online bank feed connections, you’re not alone. Here’s the reality: it’s not an Intuit issue. It’s the constant cat-and-mouse game with bad actors trying to break into financial institutions. 👉 To stay ahead, banks frequently update security protocols — multi-factor authentication, token refreshes, tighter API controls. Each update means QuickBooks (and other accounting platforms) need to re-establish those secure connections. ✅ While it can feel frustrating in the moment (“why do I have to reconnect again?”), these updates are ultimately protecting your money and your business. For contractors, this means: ✔ Expect occasional reconnections: it’s a sign your bank is taking fraud seriously. ✔ Let your bookkeeper/accountant know when a reconnect pops up so your books stay current. ✔ Keep login credentials and multi-factor tools handy to get reconnected quickly. 🔎 Bottom line: Intuit isn’t dropping the ball. Security updates are a necessary defense against cyber threats — and staying vigilant is part of keeping contractors covered. #constructionaccounting #quickbooksonline #banksecurity #addingtechnologyinc
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I am looking forward to attending this event!
Contractors- Join Us for a high-impact panel discussion designed specifically for contractors who want to take their business to the next level. Learn how to build your professional tool belt with trusted experts who can help you win bigger jobs, manage risk, and grow smarter. Register on our website www.vccainc.com
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keeping contractors covered & tails wagging | construction accounting specialist | quickbooks advanced certified | dog lover and rescue advocate
QuickBooks Desktop 2024 continues to be a reliable workhorse for contractors — especially those who have built their systems around job costing, payroll, and reporting in the Desktop environment. For many, it still delivers everything they need. But I’m seeing more companies make the move to QuickBooks Online. Why? 👉 Seamless integration with job management platforms like JobTread 👉 Cloud access for teams in the field and the office 👉 Easier collaboration with advisors, without worrying about file transfers That said, it’s not about which product is “better” overall. The real question is: Which one supports the way you build, bill, and run your projects? For some contractors, Desktop’s stability and depth outweigh the push to cloud. For others, Online’s integrations and accessibility create real-time visibility they’ve never had before. I’d love to hear from contractors and industry partners: ➡️ Are you staying loyal to Desktop? ➡️ Have you already leapt to Online (and maybe JobTread)? ➡️ Or are you still weighing the options? #constructionaccounting #quickbooks #JobTread #contractors #jobcosting #addingtechnologyinc
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Construction contractors face unique financial challenges that require specialized accounting methods different from standard business practices. Each project functions as its own profit center, demanding meticulous cost tracking, job costing, and strategic cash flow management to handle irregular payment cycles and retainage practices. Modern technology solutions like NetSuite and integrated project management platforms provide real-time dashboards and automated expense tracking that eliminate manual errors. Companies that implement proper construction accounting systems with professional support see immediate improvements in project visibility and profit optimization. https://lnkd.in/eB7Sg2q8
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keeping contractors covered & tails wagging | construction accounting specialist | quickbooks advanced certified | dog lover and rescue advocate
Bloomberg reports that U.S. homebuilder confidence just dropped to its lowest point since 2022. 📉 For the construction industry, this signals: 🏗️ fewer new starts as builders hold back 💰 tighter margins with rising costs + buyer incentives 👷 slower demand for labor and materials 🏘️ risk of housing supply shortages down the road Even in a cautious market, contractors and advisors need to stay proactive — managing costs, planning cash flow, and preparing for when demand swings back. #construction #accounting #homebuilders #addingtechnologyinc
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Job costing tracks project-specific expenses, enhancing financial management across industries. The method involves tracking direct materials, labor, and overhead costs for each project. It enables accurate pricing, real-time cost monitoring, and improved future estimates. Implementing job costing requires choosing appropriate software, defining cost categories, and training staff. Regular system reviews and data-driven decision-making maximize its effectiveness. https://lnkd.in/e7tRuqNA
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Construction accounting presents unique challenges due to project-based work and fluctuating cash flows. Essential strategies include precise job costing, strategic progress billing, and cash flow management. Technology transforms accounting with cloud-based solutions, integrated systems, and automation. Companies that master these techniques gain a competitive advantage in the industry. https://lnkd.in/eFNXdhEJ