Bookkeeping

While many contractors manage their finances, it’s always advisable to seek professional assistance when needed. Professional construction bookkeeping services can offer expert guidance, ensuring that your finances are in order, taxes are managed efficiently, and business growth is well-supported. Taxes can be a significant…

Busy contractors and construction businesses often find that keeping up with their accounting and bookkeeping tasks throughout the year is a constant struggle. You may start out on the right foot, but the challenges of running the daily operations of your business can quickly…

The capital raised through this method is used to finance the working of the business. Common stockholders have voting rights and are entitled to get dividend on their holdings. To create a balance sheet, you need to gather information about a company’s assets, liabilities,…

The common stockholder has an ownership interest in the corporation; it is not a creditor or lender. If stockholders want to sell their stock, they must find a buyer usually through the services of a stockbroker or an online app. Nowhere on the stock…

Lastly, a year-to-year comparison of functional expense allocations should be performed. Any significant fluctuations between years should be further investigated. Organizations should have an understanding of their methodology for allocating expenses and a process in place for the underlying calculations for those allocations. If…

Invensis offers specialized construction accounting services to help construction companies manage WIP reporting. WIP reports provide an overview of the financial health of ongoing projects by calculating revenue earned and costs incurred. Our construction bookkeepers ensure accurate calculation and reporting of WIP, enabling informed…