Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. Their multifaceted responsibilities contribute significantly to the financial ecosystem, instilling confidence in stakeholders that financial operations and statements are reliable and accurate. They work with legal teams, examining financial records and transactions to uncover discrepancies or fraudulent […]

They work with clients, from small businesses to large corporations, helping them comply with regulations, manage their finances effectively, and make informed decisions. Both public and private accounting can include management positions at some point in the career path. Good communication skills are essential for public and private accountants, but public accountants are expected to […]

QuickBooks Payroll is designed to support small and midsize businesses across various industries, such as accounting, hospitality, construction, and trucking. It combines payroll and HR management into one platform, helping businesses stay compliant with state and federal regulations while saving time and resources. By merging payroll with HR services, QuickBooks Payroll improves efficiency, reduces errors, […]

As an all-in-one accounting and project management solution, there’s no need for you to use multiple software solutions to manage the various aspects of your construction business. Specialized accounting software is available to help construction contractors manage their business finances and the various projects that they may be involved in. Most of these solutions include […]

In accounting, unearned revenue has its own account, which can be found on the business’s balance sheet. Funds in an unearned revenue unearned revenues are amounts received in advance from customers for future products or services. account are classified as a current liability, in other words, a debt owed by a business to a customer. An example […]

In this example, the table includes columns for the customer’s name, the invoice amount, the payment terms (indicating when the payment is due), and the due date for each customer’s invoice. These components represent accounts receivable, which are the outstanding amounts owed to a company by its customers for goods or services provided on credit. […]

For more information about our construction accounting services, please fill out the contact form below. There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct. If you need to share files with your bookkeeping team, it’s as simple as uploading a […]

A bachelor’s degree in accounting can provide you with the fundamental knowledge necessary to start advising businesses, individuals, and organisations in financial and accounting matters. construction bookkeeping Given the irregular cash flow patterns in construction, detailed cash flow forecasts are extremely beneficial for planning. This helps you anticipate and prepare for periods of tight cash […]

To differentiate contra entries from other entries, letter “C” is printed in the posting reference column (on both the debit and credit sides of the cash book). The only exception is that a column is added in a three column cash book to account for bank-related transactions. It acts as a journal or book of […]

Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. Finance Strategists is a leading financial literacy non-profit organization priding itself on providing […]