Are you running a construction business but feeling like the financial and accounting portion of it is a little overwhelming? Accounting for the different moving pieces of contracts and projects can be daunting....

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Retainage is a common practice in the construction industry where a percentage of the contract amount is withheld until the project is completed. This approach protects clients but can negatively affect cash flow for...

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This helps you identify potential issues or delays early on and adjust your plans accordingly before they become bigger problems that could impact the project’s outcome. Contractors must track and report compliance with employment...

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Construction companies have unique accounting needs that require specialized bookkeeping practices. This section will cover the fundamentals of bookkeeping for construction companies, including accounting methods, chart of accounts, and job costing essentials. Construction accounting...

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A T account ledger is an informal way of addressing a double-entry bookkeeping system. On the top, the name of the ledger is mentioned, the left side is for debit entries, and the right...

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With a strong grasp of the best practices of nonprofit accounting, your organization’s finances will be better organized, making it easier to achieve your goals. In addition to requirements for filing specific accounting reports,...

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Whether you use T accounts, a general ledger, or both to record every transaction, that’s only the start of monitoring and forecasting your financials. These are essential elements of the continued success of any...

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At the end of the month, you must reconcile revenue and expense reports with your bank account and keep your accounts and reports up to date. They'll have experience helping organizations like yours minimize...

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