How to Do Accounting for Your Construction Business 8 Steps
This means using the same account structure and coding system for every project, regardless of size or scope. Consistency helps ensure that financial reports are accurate and comparable, making it easier to analyze performance and identify trends. Most construction trade companies perform more than one service, but if your company offers one specific service, then ...
Salvage Value Calculator
The double-declining balance method is a depreciation technique used to calculate the reduction in value of an asset over its useful life. This method allows for faster depreciation in the earlier years and slower depreciation in the later years. Salvage value helps to figure out how much your old stuff is worth when it’s done ...
Why do bankers use M instead of K? TheStory Behind the MM Convention
While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc. If, say, you use it for both units and dollars in the same document, separate the different categories so your readers don’t get confused. Within finance and accounting, we often ...
Optimizing the R2R Process for Efficient Financial Reporting
The two Arizona county supervisors are currently facing criminal charges filed by the state’s Democratic attorney general. The Department of Motor Vehicles (DMV) website uses Google™ Translate to provide automatic translation of its web pages. This translation application tool is provided for record to report process purposes of information and convenience only. Google™ Translate is ...
The Guide To QuickBooks Desktop Pricing
Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant ...
Retained Earnings Explained Definition, Formula, & Examples
This profit is often paid out to shareholders, but it can also be reinvested back into the company for growth purposes. The beginning period retained earnings appear on the previous year’s balance sheet under the shareholder’s equity section. The beginning period retained earnings are thus the retained earnings of the previous year. Retained earnings refer ...
Retained Earnings: Calculation, Formula & Examples
Retained earnings are an equity balance and as such are included within the equity section of a company’s balance sheet. Retained earnings are important because they can be used to finance new projects or expand the business. Reinvesting profits back into the company can help it grow and become more profitable over time. When a ...
What Are Liabilities in Accounting? With Examples
Current assets appear on a company’s balance sheet and include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, prepaid liabilities, and other liquid assets. The analysis of current liabilities is important to investors and creditors. For example, banks want to know before extending what falls under liabilities in accounting credit whether a company is ...
Accounting Tax Assurance Consulting Salt Lake City CPA Firm
Mazuma is a licensed accounting firm (CPA) based in Orem, Utah, and members of the AICPA. We provide professional accounting services to businesses and individuals, with a focus on small business bookkeeping and taxes. SLC Bookkeeping provides outsourced small business accounting services that simplify your most complex problems and help your company get where you ...
Netsuite Software Review 2023
What really needs improvement is the Prepaid and the Fixed Asset modules. The system allows for little error and requires outside help to correct when things do go wrong. On many screens, there’s a row of additional links below the toolbar in a horizontal bar. Grants Management Clicking on the plus expands the category to ...
