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Many businesses undertake long-lasting projects with substantial budgets but struggle to find an effective way to invoice customers. Many...

As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...

As a business owner, it’s important to differentiate the meaning of a trial balance and balance sheet so you can use them for the right...

Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...

The IRS released the new tax brackets and standard deduction amounts for the 2022 tax year. All Americans are facing a long list of new...

Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...

Construction companies do not only build structures, they head for building profits also, of course. Although most of them know how to...

There is some steps business owner can take to minimize the risk of getting your tax returns flagged by the IRS for manual processing — a...

The Profit & Loss statement or P&L is an account compiled to show a business’s revenue, expenses, and net income over a given period of...

The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...

In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...

As a result of an inefficient AP process, companies may accumulate late payment fees, make duplicative payments, or fail to pay invoices...