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If you feel your small firm may someday be subject to GAAP, you should adhere to the standard as soon as practicable. If it is within your budget, your organization can hire an expert financial lawyer to help you screen accountant prospects throughout the interview… Read More »Do all countries follow the same GAAP?

Get started by signing up for the Intuit Bookkeeping Certification program today. Customers schedule an appointment to have a bookkeeper review their transactions, and  multiple schedules are available to choose from. You will have access to a client management portal, and can communicate with customers… Read More »Is Bookkeeping Certification Worth It? Salary And Job Growth

In most cases, the percentage-of-completion method works in stages or payment milestones. Unlike the previous method of recognizing revenue, the percentage-of-completion method allows contractors to recognize revenue as they earn it over time. It’s also true that this method is flexible and simple, leading to… Read More »Construction Accounting: The Complete Guide for Contractors

To address this problem, some construction contracts include fluctuation provisions. The first step for all construction firms is to open a separate https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ business bank account that will be used exclusively for your business. Below are the key ways in which construction accounting differs from… Read More »How to Do Accounting for Your Construction Business 8 Steps