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Construction Cost Management System "Dot Cost Series Implementation Case Studies"

Construction Cost Management System "Dot Cost Series Implementation Case Studies"

Seamlessly linking project income and expenses with financial accounting! Case study on the implementation of the construction cost management system "Dotto Genka Series," which significantly increased internal approval speed.

At Azuma Electric Communication Industry Co., Ltd., we were using a self-developed system, but it had become biased towards engineers, leading to ambiguous management of numbers. Budget management and approval flows were also Excel-based, resulting in many instances of duplicated processing and oversights. Therefore, we implemented "Dotto Ganka NEO," which can integrate with our financial system and allows for flexible management of numbers, including budgets. As a result, project profitability is now seamlessly linked with financial accounting, significantly increasing the speed of internal decision-making. Additionally, the data output is highly versatile, making integration with other systems easier. [Challenges] - The system was biased towards engineers, leading to ambiguous management of numbers. - Monthly figures were not finalized until the end of the following month, making rapid decision-making difficult. - Budget management and approval flows were also Excel-based, resulting in many instances of duplicated processing and oversights. *For more details, please feel free to contact us through the related link.

  • Cost Management System

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[Useful Information] The "Three Numbers" Important for Strengthening Management Power in the Construction Industry

[Useful Information] The "Three Numbers" Important for Strengthening Management Power in the Construction Industry

Cost management is meaningless if it only involves "managing costs"! An explanation of the correct methods for cost management!

Many people in the construction industry may be struggling with the creation and management of execution budgets (i.e., cost management). In this column, we will explain the purpose and methods of execution budget management = cost management, as well as the three important numbers in construction management. For more details, please see the related links. [Contents] 1. Cost management is meaningless if it only involves "managing costs." 2. The purpose of cost management is to generate profits for the company. 3. The three important numbers for effective cost management. 4. Recommended by professionals! This is the workflow for cost management. 5. From invisible cost management to visible cost management. *For more details on the column, please refer to the related links. Feel free to contact us for more information.

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[Useful Information] The Impact of the "Revenue Recognition Standards" on the Construction Industry

[Useful Information] The Impact of the "Revenue Recognition Standards" on the Construction Industry

We need to change the traditional way of doing things, so let's carefully review everything and make the switch!

Many of you may already be aware of the "Revenue Recognition Standards" that have been applied since April 2021. In this column, we will examine the impact on the construction industry. The previous regulations regarding "sales" were only described in the Generally Accepted Accounting Principles as being based on the "realization principle." (However, there are separate provisions for construction contracts.) For more details, please refer to the related links. [Contents] 1. What are the Revenue Recognition Standards? 2. The Five Steps of Revenue Recognition 3. About the Percentage-of-Completion Method 4. About the Cost Recovery Method *You can view the detailed content of the column through the related links. For more information, please feel free to contact us.

  • Cost Management System

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[Useful Information] How will the construction industry change with the invoice system?

[Useful Information] How will the construction industry change with the invoice system?

The invoice system is an important system that directly relates to the number of jobs and income! Here’s an explanation of what needs to be addressed!

The invoice system is a procedural requirement necessary for claiming input tax credits on consumption tax, which will be implemented from October 1, 2023. It pertains to the method of writing invoices and delivery notes when businesses purchase or sell goods, as well as the issuance and storage of these documents. Input tax credit refers to a system designed to avoid double payment of consumption tax by businesses. For more details, please refer to the related links. 【Contents】 1. What is the "invoice system"? 2. Purpose of the invoice system 3. If not registered as a "qualified invoice issuer" 4. Regarding invoice compliance 5. Introduction of the qualified invoice storage method 6. Changes in the construction industry *For detailed content of the column, please refer to the related links. For more information, feel free to contact us.

  • Cost Management System

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【Useful Information】What is a Cost Management System? Key Features and Points for Selection

【Useful Information】What is a Cost Management System? Key Features and Points for Selection

Supporting the management of the construction industry! An explanation of what can be done, etc.

In the construction industry, as the environment becomes more challenging due to labor shortages and rising material costs, it is essential to manage costs and secure profits. However, many may be concerned with issues such as "manual cost management is cumbersome and time-consuming," "there are multiple projects, making cost calculations complex," and "what's different from managing costs with Excel?" A cost management system, as the name suggests, is a system for managing and calculating costs. This article will explain what a cost management system is and what it can do. For more details, please refer to the related links. [Contents] 1. What is a cost management system? 2. Basic functions of a cost management system 3. Points to consider when choosing a cost management system 4. Streamlining operations with the introduction of a cost management system *For detailed content of the column, you can view it through the related links. For more information, please feel free to contact us.

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【Useful Information】How will the handling of invoice rounding change under the invoice system?

【Useful Information】How will the handling of invoice rounding change under the invoice system?

It is necessary to save ledgers and invoices with itemized descriptions! A summary of essential responses for accounting.

This article explains the rounding process for "consumption tax amounts categorized by tax rate." For details on the items to be included in a qualified invoice, please refer to "The Approaching Invoice System! An Explanation of Journal Entries for Sellers and Buyers." For more information, please see the related links. 【Features】 1. What is a qualified invoice? 2. Rounding process for "consumption tax amounts categorized by tax rate" 3. Handling with multiple documents 4. The accountant's response in the invoice system *You can view the detailed content of the column through the related links. For more information, please feel free to contact us.

  • Cost Management System

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【Useful Information】What is the impact of the 36 Agreement on the construction industry?

【Useful Information】What is the impact of the 36 Agreement on the construction industry?

Regulations on the upper limit of overtime hours! An explanation of how to reduce overtime hours.

Starting in 2024, the "Overtime Work Limit Regulation" will also apply to the construction industry. Until now, the application of the law has been postponed due to the industry's characteristics, but it is finally time to consider how to respond. Delaying the response could lead to strict penalties under the law. In this article, we will not only discuss the details of the revisions but also check specific points for action and how to effectively reduce overtime hours. For more information, please see the related links. [Contents] 1. In principle, overtime work is limited to "45 hours per month"! 2. There are concerns because working hours are already long. *For detailed information in the column, please refer to the related links. For more details, feel free to contact us.

  • Attendance management system

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【Helpful Information】 Explanation of Cash Conversion Cycle (CCC)

【Helpful Information】 Explanation of Cash Conversion Cycle (CCC)

Stabilizing cash flow! Introducing the basics of CCC, calculation methods, and its application in the construction industry.

The Cash Conversion Cycle (CCC) is an indicator that calculates the number of days it takes for a company to convert purchased goods into profit. It indicates the number of days from when a company pays for the accounts payable incurred from purchasing goods or raw materials until the accounts receivable generated from subsequent sales are collected. In the United States, it has become one of the indicators that reflect a company's financial condition. For more information, please refer to the related links. [Contents] 1. What is the CCC indicator? 2. How to calculate the CCC 3. What is the benchmark for the Cash Conversion Cycle (CCC)? 4. How to improve the CCC? *For detailed information in the column, you can view it through the related links. Please feel free to contact us for more details.

  • Cost Management System

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【Useful Information】The Mechanism of Cost Management Systems

【Useful Information】The Mechanism of Cost Management Systems

Why calculating and managing costs becomes easier! An introduction to the system and support.

Cost calculation and its management are essential elements for appropriate pricing and the construction of a highly productive business model. The cost management system supports such complex calculations and management. Various companies have released cost management systems, and even when looking at official websites, the functions are lined up, making it difficult for those in charge to understand which one suits their company. For more details, please refer to the related links. 【Contents (partial)】 1. What is "cost" in the first place? 2. About cost calculation and cost management 3. Why is cost management considered important? 4. What is a "cost management system"? 5. Mechanism of cost management systems 1: Functions that enable easy and accurate cost calculation *For detailed content of the column, please refer to the related links. For more information, feel free to contact us.

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[Useful Information] A Comprehensive Explanation of the Convenience of Cost Management Systems

[Useful Information] A Comprehensive Explanation of the Convenience of Cost Management Systems

Packaging of necessary functions for cost calculation and management! Here are key points you should know.

A cost management system that can be used not only for calculating and managing costs but also for managing various business processes. There may be accounting personnel considering implementation. There are various packages for cost management systems, and it can be challenging to determine which one is suitable for your company. In this article, we will introduce the types of cost management system packages and key points to consider when choosing one. For more details, please refer to the related links. [Contents] 1. What types of packaging are available for cost management systems? 2. The four packages of the "Dotto Goka Series" 3. A cost management system that matches your company's "industry" is convenient 4. Let's choose a cost management system package that fits your company's needs *For detailed content of the column, please refer to the related links. For more information, feel free to contact us.

  • Cost Management System

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[Useful Information] Benefits of Implementing a Principle Management System in the Manufacturing Industry

[Useful Information] Benefits of Implementing a Principle Management System in the Manufacturing Industry

Support for essential analyses for management, such as profit and loss calculations! Key points for system selection are also explained.

If manufacturers want to reduce costs and maximize profits, it is essential to collect and meticulously analyze internal accounting data. However, there are limits to organizing a vast amount of data using only manpower, and as the business grows, accounting will likely become more complex in proportion. Additionally, there is the risk of human error due to manual processes. In such cases, a cost management system is a reliable tool. For more details, please refer to the related links. [Contents] 1. What benefits does implementing a cost management system bring to the manufacturing industry? 2. What types of cost management systems are suitable for manufacturing? Check the selection points. 3. For manufacturers looking to eliminate waste and maximize profits, a cost management system is effective. *For detailed information on the column, please refer to the related links. Feel free to contact us for more information.

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【Helpful Information】What will happen to sole proprietors under the invoice system?

【Helpful Information】What will happen to sole proprietors under the invoice system?

In the future, significant changes will occur in transactions! An explanation of the points to note for taxable businesses and exempt businesses.

The invoice system will start on October 1, 2023. After the start of the invoice system, in order to receive a consumption tax deduction, registration as a qualified invoice issuer is required. You can apply for registration as a qualified invoice issuer at any time, but to issue invoices from October 1, 2023, you must complete your registration application by September 30, 2023. For more details, please refer to the related links. [Contents] 1. Position as a taxable business 2. Position as a tax-exempt business *You can view the detailed content of the column from the related links. For more information, please feel free to contact us.

  • Cost Management System

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[Useful Information] Summary of the Outsourcing Cost Ratio in the Construction Industry and Points to Note When Placing Orders

[Useful Information] Summary of the Outsourcing Cost Ratio in the Construction Industry and Points to Note When Placing Orders

Outsourcing costs are generally a very important cost factor! Explanation of issues and points.

In the construction industry, it is common to use subcontractors. By utilizing subcontractors, companies can achieve cost reduction and acquire specialized skills; however, this can also lead to increased subcontracting costs and challenges in quality management. This article summarizes the challenges of subcontracting costs in the construction industry and key points to consider when placing orders. For more details, please refer to the related links. [Contents] 1. What are subcontracting costs in the construction industry? 2. Solutions to the challenges of subcontracting costs in the construction industry 3. Utilizing construction cost management systems *For more detailed information on the column, you can view it through the related links. Please feel free to contact us for more details.

  • Cost Management System

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[Useful Information] Introducing the issuance and receipt of qualified invoices in system implementation.

[Useful Information] Introducing the issuance and receipt of qualified invoices in system implementation.

Make invoice handling easier! Information on how to handle it with the "Dotto Genka Series."

The invoice system will be implemented starting October 2023. When it comes to the invoice system, many people may think of the seller's side and their response to issuing invoices. While obtaining a registration number and changing the format of issued invoices are important preparations for the invoice issuer, it is also necessary for the buyer side, that is, the companies receiving the invoices, to respond to the invoice system. For more details, please refer to the related links. [Contents] 1. Response functions for the invoice issuer (seller side) 2. Response functions for the invoice recipient (buyer side) 3. Other invoice response functions *You can view the detailed content of the column through the related links. For more information, please feel free to contact us.

  • Cost Management System

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[Useful Information] What is the accounting treatment and calculation method for uncompleted construction expenditures?

[Useful Information] What is the accounting treatment and calculation method for uncompleted construction expenditures?

Are you able to grasp your company's management situation? This is a column article explaining the importance of cost management, highlighting the unique reasons for accounting practices in the construction industry.

In general, it is said that cost management in the construction industry is difficult, making accurate profit management challenging. This is due to the need for accounting categories unique to the construction industry. In this article, we will discuss "uncompleted construction expenditures," which are closely related to cost management, explaining what they are and what kind of management is desirable to understand them. For more details, please refer to the related links. [Contents] 1. Why is accounting in the construction industry unique? 2. What are uncompleted construction expenditures? 3. How to calculate uncompleted construction expenditures 4. Timing for recording uncompleted construction expenditures 5. To streamline accounting operations *For detailed content of the column, you can view it through the related links. For more information, please feel free to contact us.

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