Месяц: Март 2022

With construction companies, bookkeepers need to follow a precise process to record transactions accurately. Often, construction companies have several projects on the go in different areas. Businesses that work in other provinces or even in the U.S. have additional costs to consider, such as tax payments. However, the more projects you have on the go… Читать далее Rooks Bookkeeping A Guide to Construction Bookkeeping for

A bookkeeper manages financial transactions, job costing, payroll, invoicing, and financial reporting. They ensure accurate records, compliance with tax laws, and help track project profitability. In general, a construction business with gross receipts (also known as Business Tax Receipts) over $10 million must use the percentage of completion revenue recognition method for tax purposes. A… Читать далее Mastering Bookkeeping for Construction Companies: A Comprehensive Guide