They’ll check that the invoices your company must pay mirror the goods or services you took delivery of. They include service charges, overdraft fees, and other bank service fees. Automated…

If you’re outside the US, Xero’s Expenses feature (and Projects) is available as a paid add-on instead. With Payments by Wave, you only pay transaction fees when you accept online…

All Contractor Bookkeeping Services Are Different - Some are good, some not so good. There are some Red Flags to watch for and avoid that could cause your construction company…

Get a comprehensive understanding of your cash flow in 5 minutes or less. For the business owners out there, I still recommend it—reverse engineer the knowledge and you have a…

Tracking net cash flow over time is essential, not just for a specific period. A business's net cash flow (NCF) is an indicator of its financial health over a specific…

There are a lot of really interesting jobs and possibilities out there. For many years, I worked in public accounting as an auditor and consultant. I really enjoyed working on…

General contractors need to subtract subcontractor payments from revenues to calculate working capital turnover, as this money simply passes through the GC from the owner. The income statement (or profit…

These entries are made at the end of an accounting period to adjust accounts and reflect any changes that have occurred during the period. This principle only applies to the…