Posts in category: Bookkeeping

Since construction accounting is project-centric, you’ll need a way to track, categorize, and report transactions for each job. Finally, you want to find a solution that you can customize if you have special reporting or processing needs. This may ...

To maintain good working relationships and keep projects https://www.merchantcircle.com/blogs/raheemhanan-deltona-fl/2024/12/How-Construction-Bookkeeping-Services-Can-Streamline-Your-Projects/2874359 on track, ensure timely and accurate payment of ...

Big decisions can hinge on a healthy or unhealthy looking cash flow statement. To present an accurate accounting of your business it must include non-cash activities that could have an impact. Examples of non-cash activities are issuing stock to pa ...

Then, add up the cost of new inventory — this is the cost of raw materials you purchase to manufacture the product. The opportunity to achieve a lower per-item fixed cost motivates many businesses to continue expanding production up to total capaci ...

Instead of withdrawing the interest amount, it is reinvested, then the principal amount for the second year becomes INR 106 (INR 100 + INR 6). The interest earned for the second year is INR 6.36, this is 0.36 more than the previous year. Even thoug ...

An interest is added on the initial investment (principal amount), this interest is the compound interest. TaxSpanner’s compound interest calculator is designed to be user-friendly and accurate. Whether you’re saving for short-term goals or long-te ...

This book teaches you how retirement planning really works before it's too late. You only get one chance to retire, and the stakes are too high to risk getting it wrong. This course will show you how to calculate your retirement number accurately t ...

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — at account and f ...

They need to ensure that the discount offered is balanced and does not significantly impact their profitability. Before we dive into the importance of managing accounts receivable and accounts payable, let's first understand what they are. This que ...

This process helps maintain accuracy in financial records and prevents overpayments or payments for undelivered goods or services. By implementing best practices, businesses can ensure timely payments, maximize cash flow, and maintain good relation ...