3 Types of Accounting: A Guide to Financial, Managerial, and Cost Accounting
Accounting is divided into several sections, but for small business owners, there are three types that are necessary to generate financial i
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Apr 8, 20223 min read
Gross Profit vs Net Profit: What’s the Difference?
As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...
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Mar 29, 20224 min read
What are Underbillings? 5 Easy Ways to Stop Cash Flow Drain in 2023
Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
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Mar 28, 20225 min read
Law Firm Billing: Ultimate Guide and Best Practice
Administrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
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Mar 23, 20224 min read
8 Most Common Construction Accounting Mistakes That Cause Catastrophic
Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business
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Mar 22, 20222 min read
Overhead Cost - How to Calculate
Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...
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Mar 18, 20229 min read
Construction Billing Methods: Never Waiting on Unpaid Billing
When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.
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Mar 17, 20223 min read
What Is The Current Ratio? Formula and Examples
The current ratio is one of the important indicators when it comes to determining a company’s solvency - the ability to pay its...
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Mar 8, 20224 min read
Variable Cost - Definition, Example, and Guide to Reduce
Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...
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Feb 23, 20222 min read
Closing Entries: Everything You Need to Know
In accounting, bookkeepers and accountants often refer to the process of closing entries as closing the books. Closing entries accounting...
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Feb 18, 20223 min read
Integrating Purchase Orders with Accounting Systems for Enhanced Efficiency
In today's fast-paced business environment, efficiency and accuracy in financial management are not just goals; they are necessities....
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Feb 11, 20226 min read
Best Accounting Software for Small Business of 2023
Are you finding the best accounting software that fits your business needs? We’ve rounded up the best accounting software that makes it...
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