Bookkeeping

21 Best Construction Accounting Software Reviewed For 2024

Lien waivers and lien releases are completely different documents (even though they are often confused by the construction industry). This article is the ultimate guide for construction lien waivers including essential information and… We are a subcontractor and the GC we are working for is asking us to sign and notarize progress payment line waivers …

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Balance Sheets 101: What Goes on a Balance Sheet?

This should include tangible assets like vehicles and inventory, as well as intangible assets like intellectual property. Assets are resources the business owns, such as cash, accounts receivable, and equipment. Liabilities are obligations the company has—in other words, what the company owes to others, such as accounts payable 8 stylist secrets for healthy, shiny hair …

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Is it a change in accounting policy or estimate? Amendments to IAS 8

A change in accounting estimate is not accounted for by restating or retrospectively adjusting amounts reported in previously issued financial statements or by reporting pro forma amounts for prior periods. Once an error is identified, the accounting and reporting conclusions will depend on the materiality of the error(s) to the financial statements. Additionally, when evaluating …

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What Are B2B Payments? Definition And How To Process Them

Discover the next generation of strategies and solutions to streamline, simplify, and transform finance operations. A report by Abnormal Security reveals that companies affected by Vendor Email Compromise (VEC) attacks rose by 119 percent between July 2020 and April 2021. Cybercriminals target communication between vendors and customers as the easiest way to carry out supply …

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