Construction accounting is not just tracking accounts payable, receivable, and payroll. Unlike other businesses, construction companies have to manage other anomalies like job costing, retention, progress billings, change orders, and customer deposits. These extras make CIP or construction in progress accounting relatively more complicated than regular business accounting. What Accounting Method Do Construction Companies…
In interviews, people often get asked, ‘where do you see yourself in X years?’ A similar question makes rounds in the business world, ‘’how much money will your business generate in X years? The answer to this question dictates your chances of procuring the investment or capital needed to launch your startup. Small and medium…
Are you a business owner chasing a dream? Are you a CEO fed up with slip-ups caused by ill-informed decision-making? Are you a startup owner struggling to find the right way forward? If so, you direly need a CFO – A finance expert who can help you make informed decisions, find the best way forward,…
The hunt for a technical co-founder is often the number 1 priority of startup owners. On number two comes the need to establish a solid business runway. Can you guess what comes next? Accounting. Accounting for startups is a must-do for business owners who want to move up the business ladder of success. Failure to…
Business success depends largely upon how you tackle problems, complaints, and returns. No business is perfect, and sometimes, we all make mistakes; products get damaged, delayed, and returned. At such times, it is pivotal for a business owner to make amends and compensate the clients for the trouble caused. That is where credit memorandums come…
More than a quarter of small businesses fail due to cash flow problems. Calculating the cash flow may appear unimportant to some, yet it’s a task of high importance. To move forward without a hitch and keep your business financially stable, you need to master how to calculate cash flow. Luckily, it is not too…
A good investor must know the nitty-gritty of investments, such as the profit rates, market variation, and dividend types. As it goes, those who invest in corporate stocks receive a portion of fixed profit now and then. Call it dividends. The sum usually adjusts every three months in line with the company’s progress. However, no…
Running and managing a startup is an ordeal, and startup owners know all about it. They handle a million things every day to ensure their business doesn’t go belly up. Amidst this startup hysteria, many business owners lose sight of their finances, falter, and fail. As per a recent US Bank survey, a total of…
Even the best falter and fail, be it super athletes, winning teams, or booming startups. More often than not, faultiness lies in little things. Small stuff that startup owners take for granted accumulates into one big catastrophe and derails them from the winning track. For startups, poor payroll management is a little kryptonite that ensues…
It is hard to find people who love to file tax returns. Yet still, some don’t hate it as much as most of us. So, who are they? Are they sons of a higher mortal? No! Simply put, they are the fellas who know ways to minimize the hassle of taxes and maximize returns. The…
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