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Financial Statements Demystified: A Practical Guide For Contractors

Randal DeHart

Understanding financial statements might sound daunting, but small business owners like you must stay on top of your game. Each financial report offers unique insights into your company's economic status. Let's look at the critical components of financial statements and why they matter to construction contractors.

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The Financial Roadmap To Success: Goal-Setting For Contractors

Randal DeHart

Setting financial goals for your construction business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections; they form the backbone of your road map for success, both internal and external.

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Financial Modeling: A Comprehensive Step-by-Step Guide

Acterys

At its core, financial modeling involves building a quantitative representation of a companys financial situation. This process helps businesses predict their financial performance based on historical data and current market conditions. Build the Financial Model Use tools like Excel or Acterys to construct your financial model.

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Construction Accounting Concepts You Can Benefit From Today

Randal DeHart

We'll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for your business. Why Are Accounting Principles Important for Construction Businesses? So, let's dive in, shall we?

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How Automation Helped a Firm Save Clients $500,000 on Lease Management

CPA Practice

GBQ Partners, a full-service accounting firm with over 300 professionals across multiple Ohio offices, has established itself as a trusted advisor to clients in construction and various other industries. Tackling the Lease Accounting Challenge: The construction industry presents unique lease accounting challenges. The Results: 1.

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Top Remote Accountants of the Week | October 17, 2024

Going Concern

ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)

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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

The new lease accounting rules seek to make the impact ofleases more transparent within financial statements. timber, livestock) • Leases of inventory or assets under construction Many small businesses do not evaluate their lease activities on a regular basis. This was the catalyst for the change.

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