Category Archives: Bookkeeping

It is the difference between the actual cost of materials used in production and the budgeted cost of materials based on the budgeted mix of materials. It is a sub-component of Material Usage Variance, which measures the overall difference between the actual quantity and cost of materials used in production and the budgeted or expected […]

When I clicked on an element of the pie chart, a screen popped up to show more granular data regarding the broader data point represented in the graph. Once payroll is submitted, you receive an email confirmation to confirm a completed payroll run. To conduct my test-drive of OnPay’s platform, I used the Google Chrome […]

It also allows you to customize how you pay contracts with multiple pay options. When you hire a new employee, its team of tax experts notifies the correct state entity as required by law. The platform also calculates, withholds and remits payments, then files your taxes on the construction bookkeeping federal, state and local level. […]

An organization initially records every financial transaction in a general journal, where the entries are called journal entries. The next step involves classifying journal entries as separate accounts in a general ledger. As you can see, columns are used for the account numbers, account titles, and debit or credit balances. When you record a financial […]

Any increase in capital is also recorded on the credit side, and any decrease is recorded on the debit side of the respective capital account. For example, the amount of cash in hand at a particular date (e.g., the first day of the accounting period) is recorded on the debit side of the cash in […]

To make matters worse, our attempts to resolve this through Jonas technical support have been an exercise in futility. It’s beyond frustrating to invest in a tool that fails to deliver on its basic functionality and leaves users stranded without any viable support or solution. This app promised so much potential, especially as https://www.merchantcircle.com/blogs/raheemhanan-deltona-fl/2024/12/How-Construction-Bookkeeping-Services-Can-Streamline-Your-Projects/2874359 we […]

It’s designed as an on-premises solution, so teams will need the infrastructure to host it themselves. But for teams that can facilitate that, Sage 300 brings a host of critical functions to the table, allowing crews to manage finances, projects, teams, schedules and a lot more. Jason Ding is a seasoned accountant with over 15 […]