Tag: accounting

One of the not-so-secret ways to run a profitable construction business is to follow sound accounting practices. Mistakes in financial reporting can be costly, potentially leading to budget overruns, cash shortfalls, delayed projects, unpaid bills Read More

Under the accrual method of accounting, the end of the accounting period serves as a strict cutoff for recognizing revenue and expenses. However, during economic downturns, managers may be tempted to artificially inflate earnings or Read More

Is your company struggling to tackle all its accounting needs? Companies that have lost a CFO, outgrown their bookkeeper, changed their offerings or experienced high growth can have a hard time finding the right accounting Read More

Construction accounting is distinctively complex. Unlike other businesses that rely heavily on a general ledger to track finances, construction companies need to master a project-based approach to accounting. After all, each of your jobs serves Read More

The two newest members of the Kirsch CPA Group come to us with deep experience, diverse interests and a somewhat similar path into the accounting profession. Manager Nathan Esselburn and Senior Manager Anthony Lewis both Read More

There are many threats to business profitability and long-term success. Some of them hide behind numbers that look favorable on the surface. Others are easier to spot but difficult to implement. A third category of Read More

Unlike revenues, profitability can be a tricky metric for business owners. Growing your profitability is generally – and ideally – a long-term goal but unprofitability has a way of hiding in short-term numbers. If you’re Read More

Kirsch CPA Group is honored to be spotlighted by Inside Public Accounting (IPA) in their newsletter. IPA sat down with founder John Kirsch, who shared the history of the firm's growth and the contributing factors Read More

The primary focus of most contractors is to complete projects according to specifications, on time and on budget. For some construction businesses, accounting tasks that support jobs can take a backseat. Unfortunately, without accurate and Read More