Category: Bookkeeping

Company A has purchased assets and resources for the latest order to be completed. Thus, it decided to apply for a loan instead of issuing shares to investors. The company applied for a loan of $20,000 as it knew the capital built would help it earn more than what was to be repaid. If the…

For instance, construction contractors might prefer a dedicated construction product like Sage 100 or Jonas Premier. At the same time, industry-specific software tends to cost more than basic freelancing software. If you work on your own and don’t have a large budget for financial software, many construction companies do just fine with generic options like…

Now find out how much more Wave can do for you and your business by trying our 100% free invoicing and accounting software. As a freelancer, your flexibility is an incredible advantage. This invoice template for freelancers is also supremely flexible so it can be used to bill all your clients, no matter what freelance…

There are several industry-specific settings to set up progress reporting for receivables and billables. You can customize how your invoices look like and how you break down the costs. You’ll have real-time project profitability records at the portfolio and single job level. Working capital turnover measures how much revenue each dollar of working capital is…

Most businesses simply record the cost of the products sold, but construction companies are quite different. Each job incurs direct and indirect costs that may fall into a wide range of categories. It’s essential that contractors have an effective method for keeping track of income and expenses, and for reconciling every transaction. An accountant in…