Balance sheets are one of the most important aspects of construction accounting, so it is naturally best practice to make sure they are current and accurate. However, some small business owners or operators may not necessarily understand what a balance sheet is, let alone how to keep and maintain one.
I think we’d all agree that managing project finances is one of the biggest headaches of the job. From task value estimation and cost allocation, to invoicing and handling change requests, dealing with the money side of the business is no walk in the park. And if you’re running several projects consecutively, it’s very easy to lose track of billings and wind up in a serious cash-flow mess.
If you’re a business owner or manager you’ll probably agree: Payroll Costs Can Make Or Break A Business Payroll is one of, if not the most, significant costs associated with running a business.
Getting your payroll correct is a hugely important thing for you and your team. Having to correct payroll mistakes undermines the relationship you have with your team, takes up a lot of your time and looks unprofessional.
