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The 5 Most Common Small Business Accounting Mistakes

VetCPA

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business.

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The Professional Association of Small Business Accountants Holds 16th Annual Awards Ceremony and Honors Six Members

Steve Feinberg

In the case of our founder, Steve Feinberg, his years of work and achievements have culminated in the prestigious lifetime achievement award for the year 2022 by the Professional Association of Small Business Accountants.

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6 Reasons Construction Companies Need Accounting Professionals

Pooley Accounting Services

You were up at 6:00 and at the construction site by 7:00. It’s 10:00 pm, and you’re trying to pull together a proposal for a huge construction project that is due tomorrow. Maybe, it’s time to think about accounting professionals or a firm with construction experience to help. construction accounting.

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Bookkeeping for Cabinetry Companies: 5 Reasons Why Bookkeeping Is Important

Steve Feinberg

Construction companies and tradespeople both have difficult jobs requiring long hours, skilled labor, and plenty of liability if the final product isn’t up to snuff. Bookkeeping is the cornerstone of accounting, and it simply means recording your company’s financial transactions into organized accounts for better reference and record keeping.

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Bookkeeping for Remodeling Business: 5 Strategies to Consider

Steve Feinberg

Construction and remodeling businesses don’t operate the same way as, say, the corner grocery store. As opposed to selling goods with relatively stable and predictable pricing, remodeling businesses provide a service with varying prices, wages that differ from job to job, and materials that can fluctuate dramatically in price.

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5 Best HVAC Company Bookkeeping Tips You Should Know

Steve Feinberg

HVAC accounting is more similar to bookkeeping for construction companies, in that each job undertaken needs to earn more than it takes to complete. But any HVAC technician, independent contractor, or construction firm owner knows that’s easier said than done. Typically, these amounts don’t change very much from month to month.

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Best Accounting Practices for General Contractors

Pooley Accounting Services

At the end of a year-long project, the CEO of a construction company joked that he loved it when a plan came together. After all, only 28% of construction projects come in on time or budget. The percentage of completion method allows construction companies to declare income based on how much of the project is complete.

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