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What Is Accounts Receivable AR Management? A Complete Guide

It’s the starting point for payment terms and how do businesses use retained earnings and how can accountants help directly impacts how quickly you can collect payments. Regular reporting on the status of your accounts…
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8 Best Practices to Improve your Accounts Receivable Management

A low DSO means that customers are paying promptly after receiving their invoices and that your team is quickly processing the payments. This correlates to good cash flow and lower amounts of bad debt write-offs.…
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Construction Bookkeeping: Essential Tools & Tips

In this in-depth guide, we will explore the key aspects of bookkeeping for construction companies. We will cover everything from setting up a bookkeeping system to managing expenses and revenues, tracking job costs, and complying…
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9 Essential Steps for Setting Up a Construction Accounting System

GAAP similarly mandates capitalization of costs during construction to reflect the asset’s value accurately on the balance sheet. Companies must maintain detailed records of these costs to comply with standards and avoid discrepancies during audits.…
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9 Essential Steps for Setting Up a Construction Accounting System

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