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On Saturday, July 4, 2020, President Donald Trump signed a new law extending the deadlines for applying for the Paycheck Protection...

A Balance Sheet shows a company’s financial position at a specific point in time, while a Profit & Loss Account (Income Statement)...

TABLE OF CONTENT What is Progress invoicing? Purpose of Progress Invoicing - Empowering Construction business Benefits of Progress...

A Health Savings Account (HSA) is a tax-benefit program for people covered by high-deductible insurance plans (HDHPs) that are used for...

An estimate is a document that the contractor gives to a customer, showing how much they would like to charge for services they are going...

Accounting and financial management is a challenging task in all industries. TABLE OF CONTENT Cash Basic Job Costing Percentage of...

On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts...

Most businesses sell to their customer on credit . That implies, they sell and deliver goods or services quickly, send an invoice, then...

A Balance Sheet gives you a financial snapshot of the company as of the specific date. It calculates how much the company is worth (its equity) by subtracting all the money it owes (liabilities) from the money it owns (assets), specifically focusing on total assets. The balance sheet complies with the accounting equation: ASSET = EQUITY + LIABILITY Liability is an obligation toward another party to pay money, deliver goods and render service. In this blog, we discuss 2 commo

Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...

With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...