Category: Bookkeeping

Business owners who keep accurate financial records are more empowered to make educated decisions. Sit back and relax while we handle all of your construction bookkeeping needs. As Sage-certified pros, we harness tools like Bill.com to streamline your payable process, keeping business smooth and timely. Welcome to LADBS Sage 100 Contractor helps you stay fully…

For example, consider a consulting company that provides a $5,000 service to a client on Oct. 30. The client received the bill for services rendered and made a cash payment on Nov. 25. Under the cash basis method, the consultant would record an owed amount of $5,000 by the client on Oct. 30, and enter…

At the beginning of the period, the accounts payable balance was $50 million, but the change in A/P was an increase of $10 million, so the ending balance is $60 million in Year 0. Given a company’s historical days payables outstanding (DPO), or “AP Days”, the working capital metric serves as a practical benchmark by…