Read from some of our customers who Liftbridge has helped create sustainable growth and cash flow using our SaaS CFO services. They help drive company value, accelerate sustainable growth, overcome financial challenges, and design a blueprint for success. If your SaaS business is like most, your goal is to maximize transferable business value. A fractional […]
Category Archives: Bookkeeping
A receipt is a written acknowledgement or proof of a financial transaction. It is a document that provides evidence that a person has either made a payment or received payment for goods or services. Think of it as a paper trail that verifies the occurrence of a specific commercial activity. The IRS is legally required […]
Construction businesses that have annual revenues exceeding $25 million over the last three years are required to use the percentage of completion method. These larger businesses also include general overhead costs within each project, which has the advantage of providing clear insight into exactly how profitable each job is. Without consistent financial reports, it’s challenging […]
However, there are some differences in the values that appear in the equations. First, the service department costs (Siand Sj) are different because all of the self service and reciprocal relationships are considered in determining these amounts. In addition, theproportions (Kji) in both sets of equations are different for the same reason. The proportions reflect […]
Bookkeepers manage payments to subcontractors, ensuring that invoices are processed and paid on time. They also ensure proper documentation of these transactions, such as 1099 forms for independent contractors, which helps avoid payment disputes and keeps the project moving smoothly. Through regular, up-to-date financial reports, contractors gain a clear understanding https://blackstarnews.com/detailed-guide-for-the-importance-of-construction-bookkeeping-for-streamlining-business-operations/ of their business’s performance. […]
I firmly believe that by enhancing a banker’s understanding of their customer’s’ business, they can provide superior service. This superior service, in turn, leads to stronger relationships for the bank, improved performance for the businesses, and better experiences for our communities. The current portion of long term debt at the end of year 1 is calculated as […]
So it will help us track the costs of a specific contract with a specific customer. The service must be uniform service provided to all customers, not specialized services. And to ascertain the cost we average the total cost over the total services rendered. Inventory costing Under standard costing, costs are calculated in advance based […]
In the world of finance, one of the most compelling concepts is that of compounding interest. For young investors looking to build wealth over time, understanding and utilizing the power of daily compounding can be a game changer. The MoneyGeek compound interest calculator is simple to use and understand. Instead of using the compound interest […]
Once you’ve converted all of your business transactions into debits and credits, it’s time to move them into your company’s ledger. If you need a bookkeeper to take care of all of this for you, check out Bench. We’ll do your bookkeeping each month, producing simple financial statements that show you the health of your […]