Construction accounting for busy contractors
Home buyers can be billed by lump sum, time and materials, unit price or other variables. Bills can also be impacted by construction change orders or issues that might come up during the project. It’s common for construction companies to build more than one project at a time. Accounting Methods Once you complete the project, […]
Journal Entry for Receiving Cash for Services
The retainer item can now be selected when creating an invoice or sales receipt for a deposit or retainer payment. It is a difficult balancing act to keep expenses in line with money received by customers. Collecting outstanding amounts due from customers is never a pleasant task, but it is an essential one. If overdue […]
Solved: Adjust Payroll Liabilities for Taxes Already Paid
This option allows for a more granular approach to adjusting payroll liabilities, enabling you to make precise changes based on your specific needs. By following this method in QuickBooks Online, you can confidently and efficiently adjust your payroll liabilities. By properly setting up payroll liabilities in QuickBooks Online, you will have a solid foundation for […]
QuickBooks Undeposited Funds Account: Step-by-Step Guide on Using Undeposited Funds
When it comes time to reconcile an account, you have your bank statement in one hand and QuickBooks Online in another. Now you can select an Undeposited Funds or another account each time you create a sales receipt. By default, QuickBooks puts sales receipt payments into the Undeposited Funds account. All you have to do […]
Direct Method: Complexities of Cash Flow Method of Accounting
Profit for the year was $4,500 and retained earnings at 31 December 20X1 are $7,000. Cash Flow From Operating Activities is one of the categories of cash flow. The company’s current assets and current liabilities on 31 March 2019 are shown below. My Accounting Course is a world-class educational resource developed by experts to simplify […]
The Step-by-Step Guide to a Successful Odoo Implementation
Clean, well-organized data leads to better system performance and user satisfaction. An experienced Odoo Development Company can assist in goal setting, ensuring that the implementation is customized to support your business needs effectively. We prioritize the security and compliance of our clients’ data and follow strict procedures to ensure it. The importance and responsibility of […]
Art Therapy: Create To Recover
I turn to art therapy because it offers a fresh lens through which to view the recovery journey. This therapeutic activity is designed to encourage indirect reflection about the origins and effects of a whole host of behavioral health concerns. Patients make a addiction recovery art project ideas visual representation of their lives by drawing a […]