CASH FLOW: Good bookkeeping makes it easy for contractors to see the state of the company, and bad bookkeeping blinds them. July 19, 2020 HVAC contractors learned the importance of organized financial ...
A new company aims to match up accounting contractors with potential employers. The Chicago-based company, VouchedIn, was founded by a CPA, Dan Gaffney, who felt discouraged by a past experience with ...
Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...
Many contractors can build better cash flow using accounting options that until passage of the Tax Cuts and Jobs Act (TCJA) were unavailable to them. Nevertheless, there remains a surprising number of ...
WASHINGTON — The accountants have gotten contractors all riled up. The Financial Accounting Standards Board recently proposed adding an accounting standard, FAS 150, that will affect the net worth of ...
Contractors are beginning to implement new rules by the Financial Accounting Standards Board that will provide a clearer picture of projects and as a result a truer gauge of contractors overall ...
In this installment of Accounting Basics for Small Contractors, we’ll look at specific KPIs (Key Performance Indicators) (aka benchmarks) that contractors should be monitoring. In order to calculate ...
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