June 23, 2022 - Bookkeeping

Of course, reporting income means nothing if you aren’t collecting payments. Regardless of the accounting method your construction business is using, it’s important to take steps to secure your payments on every project. With this information in hand, let’s take an individual look at three different methods contractors can use to calculate percentage of completion. […]

January 31, 2022 - Bookkeeping

Unlike publicly traded companies that have to share financial projections precisely, the financial slide of early-stage startups is more of a rough estimate that we use when raising money. The financials slide in our pitch deck takes our own financial projections and consolidates them into our most key metrics that potential investors care about. This […]

December 15, 2021 - Bookkeeping

In Quickbooks Desktop, the undeposited funds account is a default feature, while in Quickbooks Online, users have the flexibility to choose whether to use this account. Moving money from undeposited funds in Quickbooks Online involves creating bank deposits and transferring the funds from the undeposited account to the appropriate bank account within the system. Some […]

October 18, 2021 - Bookkeeping

Because of its ease of use and determination of profitability, it is a handy tool to compare the profitability of various projects. However, the formula does not consider the cash flows of an investment or project or the overall timeline of return, which determines the entire value of an investment or project. By dividing the […]