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Fundamentals of Contractor Accounting
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The Accounting Cycle of an HVAC company
Understand the accounting cycle & you will understand how the plumbing works to get information that impacts you into your hands.
Understand the accounting cycle & you will understand how the plumbing works to get information that impacts you into your hands.
Choosing a Professional Accountant
Choosing the right accountant is like picking a business partner. Most contractors do not spend enough time evaluating the role of the outside accountant.
Choosing the right accountant is like picking a business partner. Most contractors do not spend enough time evaluating the role of the outside accountant.
Accounting Roles to Eliminate Problems
One of accounting’s roles is to provide controls, so no improprieties can occur without the company having an audit trail.
One of accounting’s roles is to provide controls, so no improprieties can occur without the company having an audit trail.
The Chart of Accounts
Every contractor should have a detailed chart of accounts to allow for proper detailed accounting of costs.
Every contractor should have a detailed chart of accounts to allow for proper detailed accounting of costs.
Profit and Loss Statements
There are different types of profit and loss statements, but it all comes down to having organized information to determine how you got the bottom line!
There are different types of profit and loss statements, but it all comes down to having organized information to determine how you got the bottom line!
The Cash Flow Statement
Understand the Cash Flow Statement to improve your ability to plan for working capital needs.
Understand the Cash Flow Statement to improve your ability to plan for working capital needs.
The Balance Sheet
Understand the balance sheet, what it is, and how we use it to measure company performance.
Understand the balance sheet, what it is, and how we use it to measure company performance.
The Different Types of Accounting
There are different types of accounting, Cash Accounting, and Accrual Accounting.
There are different types of accounting, Cash Accounting, and Accrual Accounting.
Accounting and Inventory Valuation
Inventory must be valued and determined based on accounting standards and practices. Learn the basics of proper inventory methods of valuation.
Inventory must be valued and determined based on accounting standards and practices. Learn the basics of proper inventory methods of valuation.
