Tag: Accounting

Once your business has survived the start-up phase, it's got a solid foundation to grow. Business and financial advisory services are critical at this stage of development. Here are some major areas or functions of Read More

Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financial statements based on the same methods you use for federal income tax Read More

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various other factors — not the Read More

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or Read More

Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial Read More

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of Read More

A nonprofit's finance committee oversees and keeps its board of directors apprised of the organization's overall financial health. This should be more than simply scanning financial reports. An active finance committee is crucial to maintain Read More

The construction industry is renowned for its quality craftsmanship. However, it's also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company's accounting and financial management, there's never Read More

In a perfect world, initial project estimates would match actual costs at the end of every job — with no hint of cost overruns or profit fade. But, let's be honest, that hardly ever happens. Read More

Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But the options can seem limitless and overwhelming. Here are seven Read More