Bookkeeping

Make sure they are compliant with relevant data protection laws – especially if you are dealing with sensitive customer information (like in healthcare or finance). It is okay to ask for documentation or certifications that prove they follow strict security protocols. When you are looking at services, ask about their dashboard options. Get a business […]

Construction companies are also likely to encounter unexpected business expenses that must be paid quickly, so they need access to a larger cash reserve. Monthend has dozens of professional bookkeepers and controllers who know construction and work inside the tools you already use, like Buildertrend. When choosing a construction accounting software platform, there are three

By providing a clear audit trail, the journal helps verify the accuracy of financial statements, thus enhancing the credibility of the company’s financial reporting. As these transactions move into the general ledger, they are transformed from raw data into a coherent financial story that reflects the organization’s economic reality. Ledgers may contain detailed transaction information

While it’s possible to manage your construction accounting on your own, owning a construction company comes with many complexities that may lead to you making costly accounting errors. Many construction companies use a “completion percentage” approach, meaning they calculate estimated taxes based on quarterly income and expense reports. You can How to leverage construction bookkeeping

It allows contractors to accurately estimate and budget construction bookkeeping for each new project by breaking down costs into labor, materials, and additional overhead. Expert bookkeepers ensure that your tax filings are accurate and timely, helping you stay compliant with local, state, and federal regulations. More importantly, they identify tax-saving opportunities, such as deductions related

Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. We follow strict ethical journalism practices, which includes presenting unbiased information and citing reliable, attributed resources. Journal Entries: Post an accounting entry for purchase returns in the books of Unreal Corporation.

While the former considers only variable costs, the latter takes into account both variable and fixed costs. You may need to use the contribution margin formula for your company’s net income statements, net sales or net profit sheets, gross margin, cash flow, and other financial statements or financial ratios. You need to calculate the contribution

Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. Calculate the original and revised flexed budgets if the journey is made

QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) includes five users and advanced features. To manage payroll through QuickBooks Payroll, you’ll need to pay a fee for this add-on service, with plans ranging from $45 to $125 per month, plus an additional $5 to $10 per employee per month. A Live

Moreover, I also suggest reaching how to create a powerful brand identity out to your accountant for the precise accounts you need for your journal entries. Now, select the invoice or invoices the customer paid. Make sure you select Undeposited Funds from the “Deposit To” drop-down menu, then save the transaction. One of the most