The Emerging Contractors Guide to Construction Bookkeeping
You don’t need an accounting degree – just a few changes here and there can take your financial management light years ahead. Construction has a unique type of payment structure that includes retainage, Retainage is the amount of money that clients withhold until they are satisfied with a project....
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We’ll set up employees, enter time sheets, process employee payroll, upload 3rd party payroll reports, allocate labor cost by customer or job, and pay payroll taxes. We can work with your payroll provider or recommend the right payroll processing service for your needs. To address the high turnover rates...
Read moreGross Profit Ratio Formula, Calculation, and Example
The sales component of the formula is straightforward (selling price multiplied by the number of boots sold). The cost of goods sold includes direct costs, like materials and labor used to make the boots, and indirect costs, like factory overhead, which adds up to $420,000 (COGS). Gross profit is...
Read moreHow to Find the Best CPA or Tax Accountant Near You Reviews by Wirecutter
If you don’t find a tax preparation service or CPA near you whom you feel comfortable working with, consider looking outside of your geographic location. Though many people prefer face-to-face meetings, you aren’t limited to CPAs and tax advisors in your town. If you already work with a financial...
Read moreHow to Find the Best CPA or Tax Accountant Near You
People who own businesses typically work with a CPA throughout the year on charitable planning issues, calculations of quarterly estimates and sometimes tax notices, Dula how to find the best tax preparer near you says. Anybody who works with the public probably has a negative online review from...
Read moreEcommerce Accounting: Essential Tips and Best Practices for Success
If not equipped with the right tools, these challenges could result in inefficiencies, inaccuracies, and compliance issues. Keep track of when payments are received and What is Legal E-Billing when expenses are due to ensure you have enough cash to cover your costs. Additionally, consulting with a professional accountant...
Read moreEcommerce Accounting 101 Bench Accounting
From dealing with multiple sales platforms to navigating complex tax regulations, these hurdles can make financial management overwhelming. Let’s break down some of the most significant challenges and how they impact eCommerce businesses. Accrual basis accounting records income and expenses when they are earned or incurred, regardless of when...
Read moreConstruction Bookkeeping Services
Regardless of the type of payment schedule you use for each contract, long-term contracts require meticulous bookkeeping records. So they need to be able to track accurate costs, bid on jobs, manage prevailing wage requirements, and handle a slew of other accounting responsibilities. In this guide, we address...
Read more16 Best Seattle, WA Bookkeeping Services
My goal is to provide you with accurate and up-to-date financial records that you can rely on to make informed decisions. Whether you’re a startup, a minority-owned business, or a veteran-owned enterprise, I am here to support you on your journey to success. MAS Certified Public Accountants is a...
Read moreHow to Outsource a CPA for Your Startup: 5 Key Criteria
As your startup grows, there comes a point when keeping accounting in-house may not be efficient – or even viable. Explore 17 smart employee referral program examples to save costs, hire faster, and attract high-quality candidates. Set clear expectations for how often you’ll communicate and ask about their response...
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