Accounting
The Importance of Accounting for Construction Projects
Explore the importance of accounting for construction projects and how it can benefit you.
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What Are Client Advisory Services (CAS)?
While not a new phenomenon, client advisory services are quickly gaining traction in the industry. Learn more.
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The Pros and Cons of Accounting Software
Are there both pros and cons of accounting software? Learn how to choose the system that best fits your needs.
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When to Start Your Annual Budgeting Process
Don’t wait until the last minute to start your annual budgeting process. Learn when to take a look at your current revenue and set healthy goals.
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In-House Accounting vs. Outsourcing: A Breakdown
In-house accounting vs. outsourcing—which option makes sense for your business? Learn more.
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How to Manage Your Small Business Accounting Tasks
Many payroll professionals have conflicting opinions about their line of work. But is payroll part of HR or accounting? It depends.
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Is Payroll Part of HR or Accounting?
Many payroll professionals have conflicting opinions about their line of work. But is payroll part of HR or accounting? It depends.
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Common Accounting Mistakes You Should Watch Out For
Set your company up for success and learn seven common accounting mistakes small business owners make.
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Improving Accounting Processes in the Construction Industry
The construction industry is known for its complexities and challenges in financial management. With fluctuating costs, tight deadlines, and countless variables affecting project outcomes, having robust financial planning, bookkeeping, and accounting processes in place is crucial. Keeping up with modern technology can seem like an impossible challenge when you’re a contractor or running a construction…
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Maximizing Profitability: How Your Accounting Team Can Help Your Construction Firm Reduce Overhead Costs
In the competitive world of contracting and construction, controlling overhead costs is crucial for maintaining profitability and staying ahead. Now is an important time for contractors and construction firms to take stock of overhead expenses and manage them to ensure profitability. Your accounting team plays a vital role in this process, as they possess the…
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Overcoming Inflation Challenges in the Construction Industry
How to Overcome Inflation Obstacles & Improve Cash Flow Inflation has become a global reality that affects our daily lives – from grocery store shelves to the local gas station. Unfortunately, this economic pressure isn’t solely limited to everyday items; contractor and construction firm costs have also skyrocketed in recent years due to inflationary pressures.…
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Managing Backlog for Construction Firms and Contractors
Having a healthy project backlog can indicate a healthy financial status. Having projects on the horizon is amazing, but if not managed properly, having more work can be worse than having little work. A backlog can create challenges for which you must prepare in advance. You must ensure that you’re focused on more than what’s…
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6 Signs It’s Time to Replace Your Accounting Firm
Business owners are, of course, concerned with keeping on top of their company’s financial status. That’s why you and other business owners work with professional accountants to help maximize your profits and grow your business. With the right outsourced accounting firm in place, you have a fierce protector of your revenue and a sage advisor. …
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9 Steps to Find the Right Outsourced Accounting Partner
Engineers, architects’ surveyors, construction firms, and other industrial sector companies that decide to call on an outsourced accounting partner have to determine which company to trust. Choosing the right accounting, bookkeeping, and financial controller services firm to help you maintain your books, identify and evaluate costs, and strengthen your financial strategies takes time. The task…
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How to Pay Your Subcontractors and Submit 1099s
Business owners often use subcontractors, especially in the construction industry. Contractors depend on them to complete projects instead of hiring full-time employees. And often, these subcontractors specialize in their crafts. Paying subcontractors is a different task them paying your regular employees. These self-employed individuals set their rates and pay their taxes. Here, we give you…
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