While it’s true that landlords can use generic accounting software like QuickBooks or Xero for rental property bookkeeping, there are some definite drawbacks to using general-purpose software. Having a good tracking system is the key to success when it comes to handling your property expenses. Some great options include using hand ledgers, spreadsheets, bookkeeping software, …
In fact, while many U.S. small businesses prefer cash accounting for its simplicity and flexibility, only some contractors qualify. Revenue recognition or income recognition is how a contractor determines when they’ve officially made money https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ on a project. Proper revenue recognition timing is crucial for accurate financial reporting. In this blog, we’ll dive into what makes construction accounting …
New Post