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 […]