Construction accounting for busy contractors

These experts possess in-depth knowledge and expertise in handling complex financial responsibilities such as job costing, payroll taxes, and reporting. Typical financial accounting mainly focuses on the management of financial statements, balance sheets, cash flow statements and retained earnings. In … Tiếp tục

Construction accounting 101: An expert guide for contractors

Construction is one of those rare industries that face rigorous compliance requirements, followed by multiple profit centers and decentralized production. With unit-price billing the contractor doesn’t charge the customer for the total amount at once. Conversely, the contractor bills the … Tiếp tục

Accounts Payable Turnover Ratio Formula + Calculator

One crucial aspect that quietly influences its financial health is accounts payable. Accounts receivable turnover ratio is another accounting measure used to assess financial health. Accounts receivable (AR) turnover ratio simply measures the effectiveness in collecting money from customers. The … Tiếp tục

What Is Accounts Payable AP Turnover Ratio?

However, due to potential risks or limitations in its interpretation, it should be used in conjunction with other top financial KPIs to drive business success. Generally speaking, a good accounts payable turnover ratio indicates that the payment of accounts payable … Tiếp tục

Quick Ratio Formula with Calculator

The Quick Ratio is important because it provides insight into a company’s liquidity and financial health, specifically its ability to meet short-term obligations without relying on inventory. Cash, cash equivalents, and marketable securities are a company’s most liquid assets. It … Tiếp tục

What Is Quick Ratio? Importance, Formula, Example, and Pros

The quick ratio or acid test ratio is a liquidity ratio that measures the ability of a company to pay its current liabilities when they come due with only quick assets. Quick assets are current assets that can be converted to cash … Tiếp tục

Individual Taxpayer Identification Number Wikipedia

If you do not want to apply for a PTIN online, use Form W-12, IRS Paid Preparer Tax Identification Number Application. A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration … Tiếp tục

About Form W-7, Application for IRS Individual Taxpayer Identification Number Internal Revenue Service

Acceptance Agents are entities (colleges, financial institutions, accounting firms, etc.) who are authorized by the IRS to assist applicants in obtaining ITINs. They review the applicant’s documentation and forward the completed Form W-7 to IRS for processing. An ITIN is … Tiếp tục

What is Source Receivables Management Definition & Meaning?

Poor accounts receivable management can lead to cash flow problems and damage business overall. One the seventh generation of the primary goals of accounts receivable management is to ensure the timely collection of outstanding invoices. This ensures strong cash flow … Tiếp tục

The Ultimate Guide to Accounts Receivable

Call for a free consultation to learn how to remove inaccurate negative information from your credit report. Every month, the popcorn shop places an order with Supplier X for $15,000, and Supplier X delivers the ingredients. Like the theater in … Tiếp tục