The Best Contractor Accounting Software
You can get the Plus plan for $49.50 per month for the first three months when it bumps up to $99 per month. The Advanced plan is available for $117.50 per month for the first three months before increasing to $235 per month. Manage employees with a built-in time clock and store photos, videos and…
Read more
POSTED BY
admin
Construction Accounting, Bookkeeping, Payroll, & Reporting
You built your construction company with the tools and skills you learned on the jobsite. Now you’re a business owner, which requires a completely different skillset. You will also need help setting up the payroll taxes, deductions, and benefits. It is very important that these calculate correctly, so be sure to run some test payrolls…
Read more
POSTED BY
admin123
Construction Bookkeeping for Beginners: A Step-by-Step Guide
Use a journal, spreadsheets, or construction accounting software to record day-to-day transactions like accounts payable, accounts receivable, labor costs, and material costs incurred. You’ll want to include a description of each transaction, the date of the transaction, and the revenue received. QuickBooks is one of the most popular accounting software options for a variety of…
Read more POSTED BY
admin
Bookkeeping for General Contractors: How to Streamline
This video shows you why it is essential that you have a precision construction accounting system and shows you the impact it will have on your growth and profits. Essentially, this ASU improves disclosure requirements, prompting more useful information out of financial statements. The FASB put it in place to ensure companies provide more transparency…
Read more POSTED BY
admin123
Overtime Pay Calculation Guide
Federal law states that overtime applies to any employee who works more than Bookstime 40 hours in any work week as defined within the pay period. Learn to calculate work hours accurately with our guide on time tracking, overtime, breaks, and small business software for seamless payroll… The FLSA requires employers to keep records of…
Read more POSTED BY
admin
Your Step-by-Step Guide to Calculating Overtime Pay
By evaluating seasonal patterns, you can adjust staffing levels to match customer demand and reduce unnecessary expenses. virtual accountant An ideal labour cost for a restaurant is between 20% and 30%, depending on factors like location and type of service. Monitoring this percentage regularly helps you spot inefficiencies and adjust your operations before costs spiral…
Read more POSTED BY
admin123
Calculator For Overtime Pay: A Guide to Calculating Overpay
The Fair Labor Standards Act (FLSA), originally enacted in 1938, establishes various labor regulations, including overtime pay, minimum wage, and child labor laws. Under the FLSA requirements, non-exempt employees must receive overtime pay at not less than one how much is overtime pay and a half times their regular rate of pay for hours worked…
Read more POSTED BY
admin
Double Time Pay: A Guide for Employers & Employees
Some salaried employees are exempt from overtime, while others are non-exempt. Exempt employees typically do not receive overtime pay, but non-exempt salaried employees might be eligible based on hours worked and local regulations. To calculate overtime pay, multiply the overtime rate (1.5 for time and a half, or two for double time) by the number…
Read more POSTED BY
