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You would like to be paid on time? You need to send out invoices on time. Especially, people who work in the Construction Industry. As a...

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

Take a moment to look at the tallest building in your city. Think about what’s going on inside it. You could imagine employers...

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...

As a business owner, you need to make sure that you can track every inventory put into your business. Every transaction, money coming in...

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...

Explore the essentials of Inventory and Cost of Goods Sold (COGS), crucial for businesses dealing in physical goods.

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