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Bookkeeping for construction companies requires specialised industry knowledge, in addition to technical skills. Construction accounting professionals have to understand the income and expenses of each project and how this data impacts the business as a whole. In this article, we’ll show you why proper bookkeeping is essential for those in the construction industry, while also […]
Law firms have little to no wiggle room for bookkeeping mistakes. Other professional services may face loss of reputation and take a financial hit if they make a mistake. As a law firm, you will be managing your firm’s own finances, plus clients’ money. You could end up in serious hot water if you don’t […]
Professional services organisations have a lot to keep track of. Billable hours, employee bonuses, and accounts receivable are just the beginning. Bookkeeping for architects is a big job. Many firms assume they need to hire someone full-time to manage their books. But there may be a better alternative. Architecture firms can outsource their bookkeeping to […]
All businesses are responsible for keeping accurate books. If you start losing track of your financial health, your organisation is flying blind. Plus, you could end up with serious tax penalties. Online stores have additional needs and challenges. E-commerce bookkeeping requires more than the profit and loss statements, general ledger, and bank reconciliations that all […]
If you’re like most people, you’ve probably heard of a Chief Financial Officer (CFO), but believe that this is a position you’d only find in large businesses. However, if growing your business is a part of your strategic plan, you might want to consider how an outsourced CFO service can help you reach your financial […]
Your business may have had small beginnings, but with the right mix of patience and passion, you’ve had the privilege of watching your business expand and grow. Handling your own financial records might have made sense in the beginning, but is it time to consider partnering with an online bookkeeping service. Virtual bookkeeping services can […]
You may realise that your books are getting out of hand, but you also know you’re not ready to hire a full-time bookkeeper. So, what is a growing business to do? Outsourcing your bookkeeping can be the answer to your financial needs. Learning how to outsource bookkeeping is easier than you might think. If you […]
As your organisation grows, so does the complexity of your accounting needs. Your bookkeeping spreadsheets will give way to complicated balance sheets and accounts receivable reports. A Chief Financial Officer (CFO) doesn’t handle day-to-day reporting, but they can use your reports to develop an overall strategy and look for growth opportunities. A virtual CFO works […]
Business is booming — can your accounting keep up? Bookkeeping for architects requires great attention to detail. As you grow from a small firm to a thriving organisation, it may be time to recruit some additional help in the bookkeeping department. An architecture firm must combine project management, invoicing and employee revenue tracking to create […]
When you’re in the construction industry, bookkeeping was probably the least of your concerns. However, construction bookkeeping is an essential skill if you hope to run a profitable organisation and successfully manage your finances. In order to help you refine your bookkeeping practices, we’ve created this introductory guide. Below, we’ll outline the key aspects of […]
