For solo practices, this can even help to show whether the firm actually is profitable after accounting for the owner's work as an advisor. The main accounts within your COA…

Automated payroll works by completing the routine pieces of the process to reduce errors and free HR from many manual administrative tasks. But not all automated payroll software works the…

Giving away all your cash to avoid interest payments doesn’t make sense when it comes to cash flow. By making smaller payments over time, you free up cash each month…

Subcontractors often get the shortest end of the stick when it comes to cash flows in construction. In terms of what causes construction cash flow problems, it differs across different…

It also address the issues with using spreadsheets to do cash flow forecasting for construction projects, and gives examples of how they can be resolved with accounting software. Creating reports…

The S-curve is an important and reliable predictor of almost all construction projects and plays a crucial role in cash flow - especially for contractors and subcontractors. From a project…

We construct and maintain forward looking tools, such as financial forecast, pricing models, and other applicable predictive aids. By establishing a regular cadence of billing, say every two weeks or…

Your terms with your suppliers should ideally be equal to or longer than the terms you give your customers. Apply various curves (such as bell curve, linear, front-loaded, or back-loaded)…

This method is frequently employed by retail businesses dealing with time-sensitive products, like trendy fashion items or perishable goods typically found in convenience stores. Cost accounting method is another method…

Financial scams and frauds in accounting practices have drawn attention of the users of the accounting information supplied by business enterprises. Even the well-governed multinational companies like Enron and other…