Construction Accounting, Bookkeeping, Payroll, & Reporting

The best payroll software for your company depends on your construction bookkeeping business size and needs. Top payroll services for small businesses include OnPay, Gusto and ADP RUN. Traditional companies offer customizable plans to fit your needs, while platforms tailored for startups offer straightforward pricing and all-inclusive packages you can get up and running in […]

Depreciation and Amortization A Complete Financial Statements Guide

This is an advantage because, while companies seek to maximize profits, they also want to seek ways to minimize taxes. Cash flow is broken out into cash flow from operating activities, investing activities, and financing activities. The business brought in $53.66 billion through its regular operating activities. Prepare the Operating Activities Section of the Statement […]

What Is Bookkeeping? Everything You Need To Know

Transparent financial records enable clear communication with stakeholders, including investors, lenders, suppliers, and customers. Bookkeeping can commonly be overlooked when contemplating a business’s success https://www.bookstime.com/articles/capital-budgeting factors. However, it plays a significant role in ensuring all financial information is accurate and current. They will not necessarily interpret the data but instead just relay a company’s financials. […]

FIFO vs LIFO Inventory Valuation

Inventory management software must be capable of handling LIFO calculations and reporting requirements. In the manufacturing industry, automobile manufacturers often use LIFO to better match current production costs with sales revenues. However, in the retail sector, large retailers may opt for LIFO to manage the impact of rising inventory costs on their financial statements. Supermarket […]

Retained Earnings Guide, Formula, and Examples

An accumulated deficit is when a company’s debts total more than its reported earnings on a balance sheet. When a business has a positive retained earnings number, the company has more to spend on assets to foster further growth. Retained earnings are important because they can be used to finance new projects or expand the […]