Ay: Haziran 2021

This includes everything from materials and equipment to subcontractor payments and travel expenses. Accurately tracking these expenses is essential for maintaining a healthy bottom line. A well-designed chart of accounts can help construction companies track expenses and revenue more accurately, which is essential for effective job costing. This accounting method is particularly useful for large […]

Once the entries are assigned to the correct accounts, you can post them to the general ledger to get a bird’s-eye view of your current cash status. Most accounting software does this for you, so you don’t need to worry about an extra step. Luckily, with simple bookkeeping tips in this article, you can streamline […]

These kinds of steps can give you peace of mind and help ensure you avoid any costly slip-ups. Yes, external accountants can see the “big picture” outside of your focused scope, helping you spot red flags or notify you about an incoming issue you may not have realised. They have industry expertise that can help […]

Managing multiple projects, tracking budgets, and ensuring profitability while staying compliant with IRS regulations adds complexity to the financial side of running an architectural practice. Before going to the final indirect expense component, it is appropriate to refer back to the example income statement and numbers therein. As diagrammed, direct and indirect labor are the […]