Traditional accounting methods often involve manual processes, leading to inefficiencies and errors. Trimble Construction One is a great fit for mid-tier construction businesses looking to put an end to internal siloes and create a connected approach to business management. QuickBooks is best for smaller construction teams of 1-10 people or […]
10 Questions to Ask an Attorney About Living Trusts
Establishing a trust is a multi-step process, and a trust attorney’s role is to ensure that each step is done correctly. A trust attorney guides you through the process of setting up a trust. The trustee distributes these assets to your beneficiaries according to your instructions. However, a will has […]
Accounting Software for Small Businesses
Xero is cloud-based accounting software that has given QuickBooks a run for its money since 2006. Xero is a robust accounting solution with sophisticated accounting features, ample reports, 1,000+ integrations, and unlimited users. Unlike QuickBooks Desktop, Xero also has the mobility and modern UI of cloud-based software. Unlimited users and […]
Construction Accounting 101: A Complete Guide Blog
Construction jobs offer unique bookkeeping and accounting challenges since the majority of work is decentralized and tied up in multiple individual projects. These projects involve long-term construction contracts that drag out the accounting process, and during this timeframe costs tend to change. Different from the completed contract approach, the percentage […]
Return on Assets ROA Explained: Formula, Calculation & Interpretation
For starters, the “return” numerator of net income is suspect (as always), given the deficiencies of accrual-based earnings and the use of managed earnings. Typically, a high ROA is a good signal to investors that a company is run well and can continue to generate profits. During a recession, for […]
15 Products That Solve Everyday Inconveniences
Both the bucket and mop in the O-Cedar EasyWring system have smart design features that make cleaning so much easier. The bucket has a built-in wringer, making it easy to get the optimal amount of water for cleaning without drenching your floors. The mop comes with three replacement heads, which […]
What is bookkeeping and why is it important for small businesses?
When done efficiently, bookkeeping fosters accurate and well-organized data that can inform key financial decisions for business owners and stakeholders. Bookkeepers are individuals who manage all financial data for companies. Without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within […]
Understanding Methods and Assumptions of Depreciation
Go to IRS.gov/Account to securely access information about your federal tax account. Go to IRS.gov/SocialMedia to see the various social media tools the IRS uses to share the latest information on tax changes, scam alerts, initiatives, products, and services. Don’t post your social security number (SSN) or other confidential information […]
Construction and Property Accountants in Leeds, Yorkshire
We offer a balanced approach to construction bookkeeping services, catering to both offsite and onsite needs. Our offsite service harnesses advanced digital platforms, such as Xero, making your financial data easily accessible and up-to-date. For those who value face-to-face collaboration, our onsite service provides that personal touch, ensuring your specific […]