You can go to a bank or credit union to set up a company checking account that suits the needs of your firm. This can make it difficult to track expenses and effectively calculate the profit generated from each service category. Below are the key ways in which construction accounting differs from other types of […]

That’s what you did for four years as an undergraduate, learning and doing algebra, calculus, differential equations, discrete mathematics and more. You strengthened your problem-solving abilities, learned to think mathematically and sharpened your analytical skills. The image of the accountant as a math wizard, navigating through a labyrinth of complex calculations, is a dramatic oversimplification […]

For example, a company adds back the depreciation included in its income statements because that depreciation doesn’t represent cash that the company has actually spent. The company subtracts any increase in accounts receivable because that increase represents cash the company hasn’t received yet. The company adds any increase in accounts payable because that increase represents […]