The first time I faced a “budget cut” and organizational “downsizing” was over three decades ago! My manager informed me that we’ve had a budget cut for the next year and that I needed to…

I got tired of not being respected by friends and loved ones. On the morning of Dec 23, 2013, after another night of heavy drinking and reckless behavior, I finally admitted to myself that I…

Involving friends and family in your celebrations can create lasting memories and deepen bonds. Setting goals gives you something to look forward to and rewards your hard work and dedication to staying sober. Sobriety milestones…

Construction billing is a critical aspect of construction accounting, directly influencing cash flow, project profitability, and the overall financial health of a construction company. At its core, Construction Accounting involves the meticulous tracking and allocation…

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,…