Bookkeeping

The cost of the remaining 20 is calculated based on the former cost, $30, so they cost you $600. This makes it easy for business owners to manage their accounting and makes it simple for investors to interpret the financial statements. FIFO is an accepted method under International Financial Reporting […]

These may be companies like fashion retailers or booksellers whose customers are interested in new trends, meaning that the business must regularly buy and sell new goods. Many countries, such as Canada, India and Russia are required to follow the rules set down by the IFRS (International Financial Reporting Standards) […]

With its thorough one-on-one software training and dedicated account managers, it’s easy to get customer support exactly when you need it. Accounting software for construction companies and contractors does more than help you pay bills on time and send batch invoices. CMiC’s comprehensive HR features help set it apart from […]

They say collaboration is key, and that’s especially true when it comes to your construction tech stack. Imagine the time you could save if your accounting platform could work together with your favorite construction management software. This isn’t something most accounting systems offer, and it’s not something many contractors even […]

Aside from integrating with accounting software and ERP systems, other must-haves include eSignature services like DocuSign, cloud-based file sharing construction bookkeeping services like Dropbox, and payment processors like Square. Construction accounting is more complex than general accounting regarding sales, cost of goods sold, expenses, and breakeven. These industry-specific software can […]

While revenue recognition and retainage impact when a company can record revenue, billing refers to when a home buyer receives invoices. There are many different accounting principles unique to the construction industry. Here are some of the biggest concepts you’ll need to understand to get your books in order. They […]