Construction accounting is a type of project accounting which involves some unique terms and requirements that differ from other businesses. A regular brick-and-mortar business stays in the same place to sell products or services, whereas a construction company is mobile and completes custom jobs on a regular basis. This requires various costs to be tracked […]
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How To Make Money Pt 1: The 7 Cures
A book which comes highly recommended by many successful people is The Richest Man in Babylon by George S. Clason. If you’re not familiar with it, here’s a link to a free pdf version. Some have dubbed this short read as “the bible of financial freedom”, and surprisingly, you won’t find any real surprises or […]
What Is an Accounting Compilation?
An accounting compilation is composed of financial statements that are prepared by a company’s outside accountant. The accountant takes the data provided by a business and creates financial statements, which usually does not include auditing or any other extra services. A compilation report will then also be included, stating the fact that the accountant has […]
How to Simplify Your Invoice Process & Get Paid Faster
Is it time for your small business to streamline your accounts payable? As your company grows, organization becomes more imperative and having a pile of late or unpaid bills can really hurt your cash flow, which can be detrimental for a small business. If you take the time at the beginning to set up the […]
Bookkeeping Mistakes That Cost Your Dental Practice Money
You sacrificed time, money, and kept a high level of dedication to get through dental school so you could own your own dental practice one day. Now that you’ve achieved your dream, there are a few other details that go along with the business side of it that maybe you’re not as prepared for as […]
3 Things That Scare Small Business Owners the Most
Fear can be the best driving factor… Or can completely ruin someone’s life by immobilizing them. You took a big risk by starting your own business which likely involved conquering some of those fears, so congratulations on that! Still, as you continue to grow that business, new things pop up that you’ll have to deal […]
