What are Underbillings? 5 Easy Ways to Stop Cash Flow Drain in 2023
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Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
- Mar 28, 2022
- 5 min
Law Firm Billing: Ultimate Guide and Best Practice
Administrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
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- Mar 23, 2022
- 4 min
8 Most Common Construction Accounting Mistakes That Cause Catastrophic
Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business
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- Mar 22, 2022
- 2 min
Overhead Cost - How to Calculate
Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...
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- Mar 18, 2022
- 9 min
Construction Billing Methods: Never Waiting on Unpaid Billing
When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.
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- Mar 17, 2022
- 3 min
What Is The Current Ratio? Formula and Examples
The current ratio is one of the important indicators when it comes to determining a company’s solvency - the ability to pay its...
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- Mar 8, 2022
- 4 min
Variable Cost - Definition, Example, and Guide to Reduce
Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...
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- Mar 2, 2022
- 3 min
Calculating Cost of Goods Sold for Contractors - Expert Guide
As a contractor, you are working on many projects, whether it is a small task or a big project, it requires months, years, or even...
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- Feb 23, 2022
- 2 min
Closing Entries: Everything You Need to Know
In accounting, bookkeepers and accountants often refer to the process of closing entries as closing the books. Closing entries accounting...
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- Feb 18, 2022
- 3 min
Integrating Purchase Orders with Accounting Systems for Enhanced Efficiency
In today's fast-paced business environment, efficiency and accuracy in financial management are not just goals; they are necessities....
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- Feb 16, 2022
- 5 min
Everything Contractors Need to Know About Retainage
In the construction industry, managing financial intricacies like 'retainage' — a practice where a portion of the contractor's payment is...
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- Feb 11, 2022
- 6 min
Best Accounting Software for Small Business of 2023
Are you finding the best accounting software that fits your business needs? We’ve rounded up the best accounting software that makes it...
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