Bookkeeping

For each program service, section 501(c)(3) and 501(c)(4) organizations must report any revenue derived directly from the activity, such as fees for services or from the sale of goods that directly relate to the listed activity. This revenue includes program service revenue reported in Part VIII, line 2, column (A), and includes other amounts reported […]

In addition to knowing what construction in progress accounting is, you should also know what’s involved when recording the account. Like previously stated, the construction in progress account has a natural debit balance. Construction in progress accounting is one of the essential categories for construction firms to track. In this entry we will discuss what […]

I have several years of experience in accounting software evaluation and providing small businesses with reliable, expert insights. Custom bank feeds get rid of tedious data entry by Airbnb Accounting and Bookkeeping downloading, categorizing, and updating transactions automatically in QuickBooks. From bookkeeping to strategic advising, accounting pros have the power to be a financial superhero […]

Forensic accountants investigate financial crimes involving fraud, embezzlement and other issues. They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS. You can also ask an accountant to provide proof of their license and credentials. Generating profit and loss reports as well as […]

Profit is considered the key component of operating margin, earnings per share, profitability ratios, etc. There are various statutory guidelines and local GAAPs that all corporations must follow while calculating the profits for any given period. It ensures transparency and allows better comparability in the company’s results. Many managers have qualms with accounting profit because they believe […]

To get paid on time, we need a simple and clear way to let our client know what is being billed in each invoice. The spreadsheet is set up to let you detail your task either by phase or by hour  based on your contract terms. Using a construction invoice template for Excel provides a […]

In any business, big or small, someone has to keep track petty cash of every sale, purchase, and payment. Bookkeepers manage these tasks by organizing financial transactions and maintaining detailed records for future reference. This helps businesses stay compliant with regulations, monitor every dollar, and make informed financial decisions. Data-driven decision-making becomes easier with outsourced […]