Bookkeeping

Retained earnings are profits your company keeps to reinvest in growth rather than distribute as dividends. In QuickBooks, these earnings are automatically updated at the end of each financial year to reflect changes in income, expenses, and distributions. With only a few exceptions, the retained earnings account only gets credited or debited when closing out …

Retained Earnings: Calculation, Management, and Uses Explained Read More »

Tax return mistakes and accounting errors are common and can lead to devastating consequences for you and your business. Example – omission to record goods sold to a vendor, omission to record asset purchased etc. In case of partial omission, the transaction is recorded at the debit side and omitted to be recorded at the …

Understanding Accounting Errors, How to Detect and Prevent Them Read More »

Whether it’s a tax season review or a monthly check-in, we’re here to discuss your financial needs and provide personalized support for your peace of mind. Run your construction business with bookkeeping with QuickBooks for contractors. Let us streamline your financial processes, enhance cost control, and provide the transparency needed for sustainable growth. A trial …

Accounting and CFO Services for Commercial Construction Companies Read More »