Financial Forecast vs Projection: What’s the Difference?
This essay seeks to demystify these concepts and provide a comprehensive analysis of their definitions, differences, and applications in business. Financial budgets, financial forecasts, financial projections and pro forma financial statements are terms that are often used interchangeably, but they are not the same thing. In much the same way that budgets and forecasts differ, […]
Construction Bookkeeping Services A Step-by-Step Guide
It’s essential to keep separate accounts for business expenses and income to ensure accurate bookkeeping. Construction payroll can be particularly challenging, especially with varying pay rates, overtime, and seasonal workers. Additionally, handling subcontractor payments—often with complex contract terms—requires precise record-keeping to avoid disputes and ensure compliance with labor laws. These statements provide a clear picture […]