Flexible budgets, to state the obvious, help companies be more flexible with their spending. It’s often mentioned in the same breath as the static budget, which is based on a fixed level of activity or output. Flexible budgets do not fix variances, they help to better plan for the future. Revenue is still calculated at...Read More

The restated financial statements are then reissued, accompanied by disclosures that explain the nature of the error, the reason for the restatements, and the impact on the company’s financial results. This process not only corrects the historical records but also restores the reliability of the financial information provided to stakeholders. It is important to recognize...Read More

This video shows you how we onboard a new client company and how we transform their books into a precision construction accounting system. This video shows you the organization, tools, and processes Apparatus uses to deliver precision construction accounting to our clients. Maximizing opportunities and minimizing https://www.inkl.com/news/the-significance-of-construction-bookkeeping-for-streamlining-projects tax burden requires a strategic approach to tax...Read More

It determines the total cost of each job based on the specifications provided for the project. This process helps contractors understand the profitability of each project and make informed decisions about resource allocation and pricing. Construction management software is essential for managing complex construction projects. The Percentage of Completion Method recognizes revenue and expenses in...Read More

While both the current ratio and the quick ratio measure a company’s liquidity, the quick ratio is considered a more stringent measure as it excludes inventory from current assets. The quick ratio, also known as the acid-test ratio, gauges a firm’s capacity to cover its current liabilities with its most liquid assets. Hence, it is...Read More

But once you start growing, it’s important to start looking for more effective methods for managing your invoices. When your clients feel like you value them as customers, they’ll be more likely to pay you quickly. Creating invoices is much easier with a reusable, pre-formatted invoice template that just what is a capital campaign requires...Read More

Some of Xero’s plans cost less than QuickBooks’ plans, but most do not. Xero’s plans cost $13, $37, and $70 per month, compared to the QuickBooks $17.50, $32.50, and $49.50 per month plans. However, the “Secure” brand of checks offer in-depth fraud protection measures that may justify the price, provided you anticipate security risks at...Read More

Our implementation specialist worked with our Executive Pastor and myself and spent time teaching/explaining how how to balance purchase ledger FUND Accounting worked versus what I, and our executive pastor, was used to with no accounting background. Very patient with us and always answered any questions I had during the process. Since 2008, Jitasa has...Read More