When running a small construction business, you need to account for your revenues and expenses. You can achieve this task by following the accounting cycle -- that is, the chronological events of ...

Whether you’re a local contractor with a small crew or a general contractor on a large-scale commercial build team, one thing all contractors have in common is the drive to pick up a hammer instead of ...

The double-entry system protects your small business against costly accounting errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...

Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Proper bookkeeping is an unavoidable task when running a small business, but ...