INSTANT COST ACCOUNTING

AUTOMATED DATA SERVICES (ADS), OPERATED OUT OF ST. PAUL, MINNESOTA, ENABLES A CONTRACTOR TO KEEP ACCURATE INDIVIDUAL JOB COSTS, ANALYZE WORK IN PROGRESS, AND KEEP IN TOUCH WITH THE MONTHLY FINANCIAL CONDITION OF HIS COMPANY. THE COMPUTER SERVICE PERMITS CONTROL OF CURRENT ACCOUNTS PAYABLE NOT ONLY BY JOB BUT BY VENDOR. ADS PROVIDES EACH OF ITS CUSTOMER-CONTRACTORS WITH A CASH BOOK, BILLINGS REGISTER, ACCOUNTS PAYABLE REGISTER, AND A GENERAL JOURNAL. THE CONTRACTOR KEEPS THESE DOCUMENTS UPDATED AND SENDS THE CARBON COPIES TO ADS FOR PREPARATION OF THE COMPUTERIZED REPORTS. THE CONTRACTOR RECEIVES THE FOLLOWING OUTPUT FORMS: BALANCE SHEET, INCOME STATEMENT, ACCOUNTS RECEIVABLE AND PAYABLE, JOB COSTS RECORDS FOR EACH CONSTRUCTION PROJECT, & A TRIAL BALANCE AND GENERAL LEDGER. IN ADDITION TO THESE BASIC REPORTS, THE CUSTOMER-CONTRACTOR CAN CONTRACT FOR THE FOLLOWING OPTIONAL REPORTS: (1) A JOB ACTIVITY REPORT, (2) AN EQUIPMENT REPORT, AND (3) AN ACCOUNT ANALYSIS REPORT. THIS SERVICE PROVIDES A SAVING IN TIME AS WELL AS MONEY.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2642359
• Authors:
  • DAVIS, J
• Publication Date: 1969-1

Media Info

• Serial:
  • Constructor
  • Publisher: Associated General Contractors of America
  • ISSN: 0162-6191

Subject/Index Terms

• TRT Terms: Automation; Computers; Construction equipment; Construction industry; Construction management; Cost accounting; Economics; Productivity
• Uncontrolled Terms: Time savings
• Old TRIS Terms: Construction operations
• Subject Areas: Construction; Economics; Finance; Highways;

Filing Info

• Accession Number: 00215164
• Record Type: Publication
• Report/Paper Numbers: pp 34-36
• Files: TRIS
• Created Date: Apr 28 1994 12:00AM