Bookkeeping

Construction accounting can be a complex and challenging task for independent contractors and construction businesses of all sizes. With unique project-based structures, long-term contracts, and fluctuating costs, the financial management of construction projects requires specialized knowledge and practices. It helps track expenses, manage cash flow, and make informed financial decisions. Reconcile Bank and Supplier Statements …

Accounting for construction: 5 tips & best practices Read More »

This statement captures what the organization owns (assets), what it owes (liabilities), and the residual interests in assets after liabilities are settled (net assets). There are several key areas to focus on when reviewing nonprofit financial statements. First, reviewing the nonprofit statement of financial position is vital to understand the organization’s assets, liabilities, and net …

Nonprofit Statement of Financial Position: Guide and Template RP Finance Read More »