Category: Bookkeeping

Invensis offers specialized construction accounting services to help construction companies manage WIP reporting. WIP reports provide an overview of the financial health of ongoing projects by calculating revenue earned and costs incurred. Our construction bookkeepers ensure accurate calculation and reporting of WIP, enabling informed decision-making and ensuring compliance with accounting standards. Construction project accounting involves…

Invensis is a trusted provider of bookkeeping and accounting for the construction industry. We have more than two decades of experience in delivering accounting requirements for construction companies and contractors. We specialize in managing job costing, including labor, materials, and overhead allocations, which is critical for maintaining profitability in competitive bidding environments. Our construction bookkeeping…

He has earned a finance undergraduate degree, the Indianapolis Business Journal’s Forty Under 40 award, and Arizona’s 35 under 35 award. You can avoid this by backing up all your records using services such as Backblaze or IDrive. Losing your bookkeeping records due to a natural disaster, a computer virus, or hardware failure can be…

Automation reduces the likelihood of errors in financial records, leading to more reliable financial reporting and better decision-making. Shoeboxed is a receipt scanner that over a million businesses use to turn receipts into digital data with automatic data extraction for expense reporting, tax prep, and more. So, when bidding on construction projects, each cost must…

So take care of your obligations—and your employees—by making complete payroll tax payments on time. Health care accounting professionals must be aware of any changes in federal or state regulations related to health care. They must also maintain compliance with Generally Accepted Accounting Principles (GAAP). Providing medical services to your patients is more than enough…

Knowing these metrics can also highlight areas that need improvement, allowing you to adjust strategies and stay financially healthy. Your company withholds FICA taxes (along with their federal income taxes) from your employees’ paychecks. You’ll then transfer these funds, along with your own contributions, via the Electronic Federal Tax Payment System (EFTPS). Importance of Health…