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Construction businesses fail faster and more often than any other industry, as highlighted in the industry’s failure rates. Under the Federal Acquisition Regulation (FAR), a prime contractor may withhold payments from their sub pursuant to the contract between the parties. So, if the contract between them provides for retainage, they are allowed to do so under bookkeeping the …

Construction Retainage: How to Regulate Detailed Guide Read More »

Thanks to native integrations with ERP systems like Oracle NetSuite and Microsoft Dynamics 365 Business Central, Atlar enables its customers to greatly simplify bank reconciliation. This can be done with any bank connected to Atlar, enabling customers to reliably sync financial data between their banks and their ERP. You will need to review and adjust …

What is Bank Reconciliation? Step-by-Step Guide + Examples Read More »

Accounting Explained With Brief History and Modern Job Requirements Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. Operating across states and offices calls for more financial insight. While a department isn’t cheap, you can see a return on investment over time. Our Bookkeeping Certificate of Excellence sets you apart from …

in accounting what is the meaning of cr 1 Read More »

Factor: Definition, Meaning, and Examples As a verb, “factor” means to account for or include something as part of an analysis or calculation. “Factor” is a versatile term with meanings that vary depending on the context. It is commonly used to describe elements or influences that contribute to outcomes in fields such as mathematics, science, …

Factor Definition 4 Read More »

NetSuite Applications Suite Enter Intercompany Transactions for Elimination You can edit the exchange rate for this transaction only, or you can update the currency exchange rates list. If you have customers who use multiple currencies, create the AICJE in the base currency of the sales subsidiary (the vendor for the transaction). For more information about …

Entering Journal Entries To Intercompany Accounts Read More »

If you have questions about your status as an independent contractor, the lawyers at Ricardo Lopez Law can help. We represent independent contractors and employees in Los Angeles and across California. As one of the leading employment law firms in Los Angeles County, we have substantial experience in wage and hour matters. Employers may have to …

What Is an Independent Contractor? Pros and Cons Read More »