June 13, 2024
Charles Lutwidge
Streamlining Payroll for Construction Companies: Best Practices
Everyone looks forward to payday. It is a time-tested agreement between the employer and staff who exchange skilled labor for fair pay. In fact, payroll for construction is not just issuance of remuneration within a specified period. Payroll is a...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
June 10, 2024
Charles Lutwidge
What is Retainage in Construction?
Many contractors deal with retainage clauses in their construction contracts, a practice prevalent in the area. However, many contractors and business owners still do not know how to apply retention to construction programs, resulting in difficulties with capital flows or...
June 06, 2024
Charles Lutwidge
A Guide to Creating a Law Firm Chart of Accounts
Financial literacy is the core of long-term success and ethical practice in the competitive world of law. A well-structured law firm chart of accounts unlocks a clear picture of their financial health. At its essence, it functions as a meticulously...
June 03, 2024
Charles Lutwidge
Navigating Trust Accounting for Lawyers: Attorney’s Guide
In law firms, where every decision and action carries serious consequences, trust is the cornerstone of the relationship between lawyers and clients. Today, lawyers have not only the power of advocacy but also the duty of financial guardianship. At the...
May 31, 2024
Charles Lutwidge
Strategies for Efficient Online Store Inventory Management
Effective online store inventory management is becoming indispensable among e-commerce businesses. However, the rapid expansion of e-commerce and its unique challenges pose some tricks on your path to success. As a business owner, you know how difficult it can be...
May 28, 2024
Charles Lutwidge
Hiring a Virtual Bookkeeping Assistant for Your Business
When starting a business, activities like invoicing, accounts receivable (AR) & accounts payable (AP) and bookkeeping seem simple. However, managing finances becomes a mammoth task as a small firm expands. At some point, handling all the bookkeeping responsibilities becomes almost...
May 24, 2024
Charles Lutwidge
The Complete Guide to Construction Billing Methods
Construction billing is frequently a maze. Multiple people involved, changes along the way, and project deadlines all add complexity. Messy billing results in cash flow problems, late payments, and arguments. So, what’s the best way to address these challenges? Adhere...
May 23, 2024
Charles Lutwidge
What is Expense Management Automation: Reasons to Automate & Its Benefits
Keeping up with expenditure management is essential to surviving in the fast-paced corporate environment. However, numerous companies use outdated systems and are hesitant due to perceived switching costs. Still, the shift to automatic expense control yields numerous perks that surpass...
