Category: Accounting

Cash v. Accrual Accounting – Whatchu Talkin’ About Willis?

Executive summary.  There are basic differences between cash and accrual accounting.  Here’s a quick review. What is accounting?  Sounds simple, right?  It’s just keeping track of money in a business.  And money only does one of two things – it either goes in the bank account, or out of the […]

Two for Today: Taxes and Fuel

Download PDF Executive Summary: Do two things today to improve your company: (1) check to make sure you are current on your 940 and 941 taxes and (2) make sure you’re reviewing your fuel bill.  Confirm you’re current on your 940 and 941 payments. The federal Form 940 is used […]

Why is the Accounting Department Telling Me How to Estimate?

Executive Summary: Estimators know the construction work while the accountants know the financials. These two parties must work in harmony to benefit the company and their own livelihoods. This article recognizes the needs of both parties. The dilemma and end goal. Most firms beyond the “Mom and Pop” stage, have […]