Missing your books a few months? Catch Up Bookkeeping Now!
As a small business owner, it’s understandable that you’re going to miss a few months of bookkeeping. Your books must be missing you....
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Aug 19, 20204 min read
Common risks in Construction Project Accounting
After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...
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Aug 17, 20202 min read
Types of Tax-Deductible Meals and Entertainment
To be qualified for deduction, business meal and entertainment expenses must be directly associated with the active conduct of a trade or...
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Aug 3, 20202 min read
Keep Smart Records To Audit-Proof Tax Return
“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...
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Aug 1, 20202 min read
IRS Tax Tips: How to troubleshoot after-tax-day issues
Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...
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Jul 26, 20202 min read
Progress Invoice in Quickbooks - Step by Step Instruction
You would like to be paid on time? You need to send out invoices on time. Especially, people who work in the Construction Industry. As a...
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Jul 5, 20203 min read
Best Practices for Construction Accounting
Accounting and financial management is a challenging task in all industries. TABLE OF CONTENT Cash Basic Job Costing Percentage of...
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Jul 1, 20203 min read
How to process Accounts Receivable
On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts...
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Jun 30, 20202 min read
What is Accounts Receivable?
Most businesses sell to their customer on credit. That implies, they sell and deliver goods or services quickly, send an invoice, then...
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Jun 28, 20203 min read
Negative Liability on Balance Sheet
A Balance Sheet gives you a financial snapshot of the company as of the specific date. It calculates how much the company worth (its...
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Jun 23, 20202 min read
Why is bookkeeping essential for business?
Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small...
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Jun 23, 20202 min read
Three-Way Reconciliation Of Your Trust Account
At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...
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