Also referred to as “revenue recognition”, it represents the point at which a construction project becomes profitable. Under the cash method, you will record expenses as you pay them out, and income gets accounted for…

Efficient inventory management helps avoid stock-outs and excess inventory, improving cash flow, customer service, and profitability. Businesses must consider factors like demand nature, lead time consistency, product characteristics, available technology, supply chain complexity, business size,…

In the realm of merchandise management, the term “reorder level” might sound technical, but its essence is straightforward. It’s the inventory threshold that triggers a new order for a particular product. In simpler terms, it’s…

Markets dipped Tuesday as investors awaited the first of several Congressional hearings on recent bank failures and the events that led to the collapse of Silicon Valley Bank. The disclosure underscores the enormity of the…

In order to make good on those withdrawals, SVB had to sell part of its bond holdings at a steep loss of $1.8 billion, the bank said last week. That announcement spooked the bank’s clients,…

If retainage isn’t being applied to the correct retainage accounts on your balance sheet, you risk over or understating your books – and you risk losing track of what you’re owed. From an accounting sense,…