QuickBooks for Construction: Bookkeeping with Pro Integrations

Manage your money and improve cash flow with integrated workflow automation and advanced controls. Streamline accounts payable and accounts receivable, and improve cash flow to fuel your growth with payments and bill pay right in the suite. Use the Project Estimates functionality to track schedules of value and job budgets. Regularly compare actual costs against[…]

How to Calculate Sales Quantity Variance? Definition, Formula, and Example

As this method does not consider the cost variances, all costs are assumed to be standard costs. It helps businesses optimize their sales, marketing, and production strategies to maximize future profits. An unfavorable quantity variance occurs when the budgeted sales are more than actual sales at the standard mix, meaning that the company earned less[…]

Managing Net Assets Released from Restrictions in Nonprofits

Accurate financial reporting is indispensable for nonprofits, as it ensures transparency and accountability to donors, stakeholders, and regulatory bodies. The process begins with the preparation of financial statements, which typically include the statement of financial position, statement of activities, and statement of cash flows. These documents provide a comprehensive overview of the organization’s financial health,[…]

Fixed Asset Accounting: Key Components and Best Practices

Contact us to learn more about how we can help optimize your fixed asset accounting. From the laptop on your desk to the machinery on your factory floor, fixed assets are the backbone of your business. Effective fixed asset accounting goes beyond simply tracking what you own. It involves understanding the nuances of depreciation, navigating[…]