Having a historical data set means you can adequately plan for and budget each job. A construction billing method is used by construction contractors to notify their clients about the payment that is due for the work. As the name suggests, builders working under time and materials contracts, charge their clients based on the actual […]

Also, a deposit could be recorded incorrectly in a company’s book balance resulting in the amount received by the bank not matching the company’s accounting records. The result would lead to a higher book balance than the bank balance. Also, sometimes the bank can make an error and record a transaction incorrectly, leading to an […]

This can include routine repairs, refurbishments, and ongoing maintenance activities that ensure the longevity and optimal performance of the assets. In terms of building a complete 3-statement financial model, taking the time to assess historical capital expenditure levels properly and projecting future capex accordingly is a critical step. Hence, if growth capex is expected to […]