ContentSOLUTIONSHow to prepare a final account in constructionHow to Use WIP Reports to Manage Construction ProjectsIFRS 15 – Contract Assets and Contract LiabilitiesEnsure early visibility of cost and variations with absolute transparency and accuracyDebt-to-Equity Ratio for construction accounting This accounting streamlines daily financial administration and demands...
ContentHow to Book a Loss to Retained EarningsBeginning BalancesCompanyWhat is net income? This way each temporary account can be reset and start with a zero balance in the next accounting period. You might be asking yourself, “is the Income Summary account even necessary? ” Could we...
ContentJournalizing and Posting Closing EntriesWhat Is Wrong if a Company Doesn't Complete the Closing Entries?What's the easiest way to prepare an income statement?Income statement – Definition, Importance and ExampleImportance of an income statementWhat is the purpose of the Income Summary account? A temporary account to which...
Current pay would instead occur as payroll and processed each period as it ends. If one or more payments have been missed where regular payments are contractually required, such as mortgage or rent payments and utility or telephone bills, the account is in arrears. Payments...
Having the correct numbers to work with ends up saving businesses both time and money in the long run, since errors are less likely to occur. Choosing to pay in arrears is generally a more straightforward solution for businesses. It provides the time employers need...
ContentBest for Managing Multiple JobsConstruction Accounting for One Low Monthly FeeTime-and-Materials ContractHow do you record construction expenses?Correctly Classify Workers as Employees or Independent Contractors However, if you maintain your cash flow carefully, you won’t be one of them. Today’s leading construction accounting platforms offer standard...
ContentIs QuickBooks good for construction businesses?Why choose Sage Business Cloud Accounting for your construction business?Best Bookkeeping Platforms for Contractors and the Construction IndustryConstruction Partner (Top construction estimating software) And having these tools handy–integrated within the platform–is a must. The cream of the crop on our list...
Contents:AccountBarack Obama and Family Visit Balinese Paddy Fields During VacationRecord Credit Card Cashback in QuickBooks OnlineCommunityCredit card transactions vs. debit card transactions It’s nice to know that there’s a little bit of money coming back to me every time I make a purchase. According to the...
Based on the latest figures, the occupancy rate currently stands at 97.4%. Meanwhile, the Blackstone deal will provide Prologis with additional upside potential as it leverages its Essentials platform. The company offers tenants a portfolio of solutions to help solve their challenges. For example, Prologis...
The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). However, the situation is different for shareholders of cumulative preferred stock. These...
