Blogs

Are you overwhelmed by the bookkeeping demands of your construction company? Managing numerous transactions, fluctuating project costs, and compliance requirements can be challenging. But don’t worry—efficient bookkeeping is your pathway to financial stability and business success. Here’s a guide to help you streamline your bookkeeping processes, allowing you to focus on what you do best: building great projects.

Ah, the joys of construction work – the fresh air, the satisfaction of a job well done, and the…bookkeeping? Yes, nothing quite caps off a hard day of labor like sitting down with a stack of receipts and a calculator. Of course, we’re being tongue-in-cheek here. We know that most construction workers and business owners would much rather be doing anything other than paperwork. That’s where outsourcing your bookkeeping to our Virtual Finance Office (VFO) comes in. Here’s why you should consider it.

While it’s unlikely that your accountant genuinely dislikes you, their lack of communication and responsiveness is a clear sign of a poor accountant-client relationship. This can have severe consequences for your business, including missed deadlines, financial disorganization, and even potential fines or penalties.

Formulating a good overview of what’s different about your offer could set your company apart from the competition.

Environmental awareness can contribute to your company, customers, and employees in a big way. Here are some of the vital benefits of going green.

It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on a solution. Nothing good ever comes from burying your head in the sand, so it’s best to get well-acquainted with the red flags. Here are seven warning signs that your business is in danger.

“Branding” has become a bit of a business buzzword lately, but what does it really mean – and why do you need to do it?

Starting your own business is an amazing thing to do but it’s also notoriously risky. There’s a lot to think about when you first start out on your own and it can be tempting to put accounting on the back burner, but that would be a huge mistake. Good accounting is crucial to the financial health of your business and mistakes can be devastating, especially in the early days. It’s important to know which mistakes to avoid to ensure that your small business is around for years to come.

As a business owner, it’s important to stay on top of accounting trends and make them work for your organisation. If you don’t stay up-to-date you might just find yourself left in the dust whilst your competitors improve their efficiency with the latest and greatest software and practices. Here’s an overview of the top accounting trends for 2021 to help you stay one step ahead.