Chart Of Accounts: Definition, Types And How it Works
As time goes by, you may find yourself wanting to create a new line item for each transaction, but doing so could litter your company’s chart and make it difficult to navigate. Revenue is the amount of money your business brings in by selling its products or services to clients. This would include your accounts […]
Income Statement: How to Read and Use It
This makes it easier for users of the income statement to better comprehend the operations of the business. Businesses have two reporting options when preparing an income statement. It also helps business owners determine whether they can generate high profit by increasing prices, decreasing costs, or both. As you move down your income statement, you’ll […]
Best E-Commerce Platforms Of 2024
Square is widely used by many different industries, whether a restaurant or a bricks-and-mortar shop, thanks to its chip reader and point-of-sale (POS) solutions. It’s another one of our top picks because it offers a free plan, as well as multichannel selling included with each plan option. This means you can sell across your e-commerce […]
B2B Payments Explained
Consider how your business will respond to incidents such as a security breach or vendor outage. Documenting and outlining any required processes means they can be completed quickly. Each has its pros and cons, and choosing which depends on your business and client needs. B2B b2b payment automation payments tend to involve larger amounts, more […]
Bookkeeping for Construction Companies: The Ultimate Guide
Budgets should be detailed and include all anticipated costs such as labor, materials, equipment, and subcontractor fees. Regular updates to the budget are necessary as the project progresses to ensure costs remain within expected limits. Proper job setup and maintenance are critical to the success of any construction project. Establishing a solid foundation at the […]
Bookkeeping Fort Lauderdale, FL Streamline Your Finances Today!
We delivers accurate, up-to-date, and tax-ready books each month. Every month, your full time bookkeeping team categorizes transactions and prepares tidy bookkeeper fort lauderdale financial statements—so you don’t have to. We know that larger businesses are blessed with plenty of resources to manage their bookkeeping. But, unfortunately, a small business that is new to the […]
Construction Accounting 101: A Simple Guide for Contractors
Over 10 years of experience in designing, implementing and delivering the Spectrum Construction Accounting and Project Management Suite, a web-based Enterprise Resource Planning (ERP) solution. Experience in all aspects of consulting, sales and product construction bookkeeping development as the result of working over 25 years in the construction accounting software space. The PCM method is […]