Business Owner
How to Budget for Your Business
A solid plan is one of the most important tools for making sound financial decisions. And as your business grows in size, creating your budget to handle increased income and expenses may seem overwhelming. Learn if your current year budget plan is up-to-par and get a step-by-step approach for tackling your business budget. The Importance…
Read More
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…
Read More
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.…
Read More
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…
Read More
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…
Read More
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…
Read More
The Top 9 Reasons to Choose Sage Intacct for Your Business
Are you looking for cloud-based accounting software that can help your business grow? If so, then you should consider Sage Intacct. It is the perfect solution for businesses of all sizes. What is Sage Intacct? The American Institute of Certified Public Accountants-approved cloud-based accounting software helps increase efficiency, manage IT costs, and collect valuable financial…
Read More
How to Read a Financial Statement
Running a business is challenging enough without the added pressure of being in the dark about your company’s financial status. Successfully operating and growing your business requires that you understand your company’s financial health. You can better avoid risks, identify, and seize growth opportunities for future success, and make strategic decisions that can lead to…
Read More
We’ve got your back!
If you own or manage a business, it can be unnerving to let your finances out of your grip. For many, managing the books, the accounts, and the projections gives a sense of security in where the money is going and whether things are staying up to date. But it comes at a cost your…
Read More
It’s all a balancing act
Being a business owner can often feel like you’re in a circus. Now, there aren’t clowns or elephants (or maybe there are…?), but between staffing, marketing, accounting, and the business itself, it can all be a balancing act. And often, it feels like you’re just spinning plates. We get it! But it doesn’t have to…
Read More
Analysis Matters!
Why Analysis Matters: The value of a human accountant The digital tools available to help run your business are limitless in this day and age. There are apps for everything! Accounting and bookkeeping included. Technology has come so far from the days of a punch calculator, paper ledgers, and hand-writing checks, but one thing has…
Read More
Extra Brain Power You Need to Succeed
“Business Owner” is a title you carry, but the truth is you likely carry several other titles – ones like an HR manager, Accountant, IT Specialist, and Marketer. Your mental load can be heavy. And you may feel like you need more hours in the day. But the truth is, you need your brain to…
Read More
Help for the Holidays
Help for the Holidays It’s that time of year when our schedules are packed to the brim, and our business finances might go a little haywire. The revenue and expenses may be A-typical for your business during the holidays, but that doesn’t have to stress you out! With Devine as your outsourced accounting partner, we…
Read More
You’d Rather Be on Vacation
Summer is here, and we’re all seeing the photos of our friends and family on vacation. But for a business owner, taking time away from running your business can mean significant setbacks. A week at the beach would be lovely, but not if that means defaulting on a payment or missing payroll. At Devine, we…
Read More
Take that hat off!
Chances are, you didn’t start your business because you love accounting. It likely isn’t your primary expertise, and that’s okay! The world needs your specific talents and abilities, they just aren’t accounting. But businesses simply can’t run well without managing the numbers well. It’s often said that being a business owner requires you to wear…
Read More