A notes payable is similar to accounts payable in that thecompany owes money and has not yet paid. Some key differences arethat the contract terms are […]

The project costs can be divided into several categories, such as materials, labor, equipment, and permits. Additionally, cloud-based solutions offer automated workflows that simplify many repetitive […]

Construction accounting is a specialized type of accounting that focuses on the unique aspects of construction projects. It involves tracking the financial transactions related to the […]

This section will equip you with essential tax tips to optimize your financial strategy and solidify your foundation. Among the most popular platforms are Procore and […]

Implementing robust internal controls is paramount for maintaining stakeholder confidence and securing long-term sustainability. Understanding the key concepts and practices within this field is essential for […]

After all of these deductions are taken out of your pay, your paycheck is written out for the net amount. Salaries are typically measured annually, so […]

Understanding gross pay ensures that you can properly make any deductions to employee paychecks. This includes mandatory deductions like taxes as well as voluntary deductions for […]

When employers discuss salaries and wages, they usually discuss them in terms of gross pay. For example, $70,000 annual salary or $40 an hour wages are […]

Companies must stay informed about changes in legislation and ensure their payroll practices align with these regulations to avoid costly penalties. This requires ongoing training and […]