PABS
When asked, many small and medium business owners expressed significant trust and responsibilities towards their bookkeepers. And you may not be different to this. You may also feel close to your accountants or bookkeepers and believe that everything is in place. 37% of fraud is committed by company insiders. And you know what’s even more […]
Effective inventory management is crucial for the success of any business, ensuring seamless operations and customer satisfaction. Neglecting this practice, surprisingly, 43 percent of small businesses in the United States tracking their inventory. A trend notably prevalent in auto repair industry, where almost 36% of shops struggle with shortages of essential auto repair parts. And […]
Being a construction company owner, you would be aware of the five most popular accounting methods – job order costing, activity-based costing, production order costing, functional depreciation and the completed contract method. Which one is right for you? Of course, the optimal construction accounting method varies depending on the unique needs and circumstances of your […]
At the end of the financial or fiscal year, you gather income, expenses, assets, and liabilities and record them in a standard set of financial statements. Once organized and reconciled, these year-end financial statements help you better understand your business’s financial position. While these statements are essential all year round, they never matter more than […]
