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Categoria: Bookkeeping

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Construction Bookkeeping Services: Top 5 Essential Reasons Why

This is best for contractors who are constantly at job sites who want a simple mobile app to use to manage and capture data that integrates immediately with the platform. Boost your cash flow by navigating the complex tax credit claims process with our R&D Tax Credits, Federal and State Hiring Credit Services, and more.…
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Journal Entry for Credit Card Purchases

Not to mention, some customers might be turned off from having to pay the fees. I have always thought of myself as a writer, but I began my journal entry for depreciation career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate.…
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What Are Liabilities in Accounting? With Examples Bench Accounting

Key areas include understanding how long-term liabilities impact a firm’s risk profile and financial performance, as well as how equity components reflect ownership claims. Total liabilities are the combined debts and obligations that an individual or company owes to outside parties. Everything the company owns is classified as an asset and all amounts the company…
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Financial Leverage Meaning, Formula, Sample, & Interpretation

Every financial metric of a business entity is employed for further analysis, be it ratio analysis or qualitative analysis. Similarly, a business entity’s financial leverage or debt level can also be used for further analysis and various financial ratios. The most common financial ratios that employ the financial leverage of a business entity are as…
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Bank Reconciliation: Definition, Example, and Process

When your balance as per the cash book does not match with your balance as per the passbook, there are certain adjustments that you have to make in order to balance the two accounts. In addition, there may be cases where the bank has not cleared the checks, however, the checks have been deposited by…
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Debt to Equity Ratio Explained

Restoration Hardware’s cash flow from operating activities has consistently grown over the past three years, suggesting the debt is being put to work and is driving results. Additionally, the growing cash flow indicates that the company will be able to service its debt level. As an example, the furnishings company Ethan Allen (ETD) is a…
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Construction Bookkeeping Tips to Maximize Contractor Success

Some might also categorize costs by project phases or sub-jobs, like floors of a structure or buildings in a development. The system of categories the contractor uses across all of their jobs is called the job cost structure. On top of distinct project requirements, construction operations also features long and often seasonal production cycles. Because…
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