Keep track of your income and expenses, monitor inventory and assets, and reconcile bank accounts regularly to ensure accurate financial statements. By staying on top of your finances, you’ll be able…

Sometimes, banks will deposit the interest in one month, but withdraw the money in the next month. If you run the balance sheet for the first month, it should show…

There is no easy way to track retainage (aka retention) that you owe a subcontractor or retention The Significance of Construction Bookkeeping for Streamlining Projects held on your billings. Quickbooks…

If not done correctly, contractors who operate in multiple jurisdictions can become subject to double taxation of their workforce. For better clarity, here are all the billing methods with short…