A lot of times it’s a challenge to justify outsourcing business bookkeeping. Yes, paying a professional bookkeeper is an added expense, but by doing so you may save way more money than what you would pay your bookkeeper. You would also reduce the stress associated with worrying about being ready for tax season, understanding your […]

The more I talk to business owners in construction industry, the more I realize how much they are struggling with the financial records being scattered all over the place. And it’s mostly because they don’t have time and help. In construction industry, you have so many daily tasks to take care of and in that […]

It is very important for every business, especially for construction industry to manage not only operational aspects but also financial. Sometimes it’s easy to lose sight of the big picture while trying to conduct day-to-day operations. As a result, you might not have a clear picture of your company’s financial health. Key metrics can help […]

Regular accounting is focused on Total Profitability of the business, but in Construction it is very important to look at the different levels of performance. Here are some of the examples of how construction accounting is different from regular accounting: 1. Accounting method There are two main types of accounting methods for regular business: cash […]

Many business owners prefer to do their bookkeeping themselves, so I thought of outlining some of the mistakes that I have encountered after taking over my clients’ books, I hope they help you rethink your bookkeeping process and make some changes: 1. Mixing business and personal finances Mixing up both expenses can complicate the books […]

Plenty of times I have heard from small business owners: “Why do I need to look at Financial Statements?” And the only statement that is known to have relative value is P&L Report (Income Statement). The truth is that Financial Statements can help you run your business more effectively and efficiently. Here are just a […]