Category : Bookkeeping

Economic and political decisions can have serious consequences on the construction industry. Things like suppliers, labor, and leased equipment are considered direct expenses. Repair to equipment, transportation, and other expenses are examples of indirect costs. This helps you catch discrepancies early, understand your financial health, and make informed decisions about your business’s future. Regular reviews also prepare you for unexpected audits and help you see overall your financial trajectory, so you can strategize and plan for upcoming projects more effectively. […]