Any accountant with their eyes fixed on success in this area needs to understand how tracking payroll in construction accounting works. In other words, they need […]

As we have learned, keeping record of all costs is essential in construction projects because contractors bid for new projects all the time while implementing ongoing […]

So for example, let’s say that you decide that the weight of one product is equal to 0.25, and the product’s value is 50. Education (GPA, […]

In calculating a simple average, or arithmetic mean, all numbers are treated equally and assigned equal weight. But a weighted average assigns weights that determine in advance […]

We’re upfront about pricing, and provide full details of our pricing plans and optional extras. Collaborate with your peers, support your clients and boost your practice. […]

On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Xero’s online accounting software is […]

A bank reconciliation Excel template can help you make short work of this process. The starting point is always the ending point of the last reconciliation. […]

But, generally accepted accounting principles (GAAP) demand double-entry accounting. For example, Company XYZ is an investment fund that acquires at least three to five start-up companies […]

Together, let’s navigate your financial landscape with ease and precision. Outbooks is a leading provider of Virtual Bookkeeping & Accounting Services across the USA. Stay in […]

Invensis is a trusted provider of bookkeeping and accounting for the construction industry. We have more than two decades of experience in delivering accounting requirements for […]

However, if your contracts exceed a year or involve significant resources, the percentage of completion method is often recommended for compliance and accuracy. This can strain […]

It’s a balance between providing timely information to stakeholders and ensuring that the information is reliable and not misleading. The percentage of completion method, when applied […]