We adhere to meeting the specialized financial requirements of the construction sector and take pride in the precision and reliability of our solutions. Allied Consulting Firm tailors our construction bookkeeping services based on your company size, needs, and financial goals. These are the three main elements that we consider when we combine the services that […]

We adhere to meeting the specialized financial requirements of the construction sector and take pride in the precision and reliability of our solutions. Allied Consulting Firm tailors our construction bookkeeping services based on your company size, needs, and financial goals. These are the three main elements that we consider when we combine the services that […]

The main thing to understand in managerial accounting is the difference between revenues and profits. Since the expenses are greater than the revenues, these products great a loss—not a profit. Alternatively, the break-even point can also be calculated by dividing the fixed costs by the contribution margin. Examples of fixed costs are property taxes and […]

Liabilities are few—a small loan to pay off within the year, some wages owed to employees, and a couple thousand dollars to pay suppliers. An in-depth guide to setting up the accounting basics for your law firm. Follow the journey of one of history’s most influential figures in accounting, Luca Pacioli, the father of accounting. […]

According to the cost accountant, last year, the total variable costs incurred added up to $1,300,000 on a sales revenue of $2,000,000. Calculate the break-even sales for the company if the fixed cost incurred during the year stood at $500,000. Yes, you would want to use the average cost per unit along with the average […]

If a business’s revenue is below the break-even point, then the company is operating at a loss. This will give us the total dollar amount in sales that will we need to achieve in order to have zero loss and zero profit. Now we can take this concept a step further and compute the total […]

Over time with regular exposure to marijuana, Δ9-THC will concentrate and be retained in fat. Our experienced bookkeepers and tax practitioners are well-versed in the accounting and tax requirements that are specific to small businesses and startups like yours. You’ll be assigned a dedicated financial team, so you’ll only work with someone who is familiar […]

Alongside logical evaluations such as location, pricing, experience and references, ask yourself if you could trust this person with the intimate details of your business. If you think you could work with them for the foreseeable future then that’s great. It’s best if you can agree to use market-leading accounting software that’s easy to use, […]

With an invoicing software, you can track  payment status, set automated payment reminders to be sent out, and customize your invoices according to individual customers. The additional advantage here is that the invoices have the payment terms (Net 30 or Net 60) and the payment policies of your firm stated on them. In the worst case, you would have […]

That said, it’s not a trivial investment and implementation does require specialized expertise to configure it optimally for each unique client situation. Costs can really add up both upfront and ongoing, so it’s important any prospective user has a completely validated needs case first before committing. I was told the sales representative was not allowed […]