Bookkeeping

Gross profit and gross profit margin is a tremendously useful tool that will allow you to measure the efficiency of your jobs, operations, and sales/bidding process. This formula w…

For contractors managing several projects simultaneously, tracking costs and ensuring profitability for each one can be overwhelming. Overlaps in labor, equipment, and material usa…

While most ventures use traditional methods to estimate the amount of available resources, their effectiveness is limited when a firm has to meet tight deadlines. These statements …

This proactive approach to financial management ultimately contributes to the overall stability and growth of construction enterprises. Cloud-based payroll solutions offer flexibil…

Under job costing, production is undertaken by a manufacturer against a customer’s order and not for stock. It is a type of costing used to figure out how much it costs a business …

Solution (a) direct methodThe direct method is relatively straightforward in that all the data are cash flows so it is a case of listing the receipts as positive and the payments a…