Executive Summary Fraud is a real risk to businesses and most do not realize they’ve become a victim until it’s too late. There are simple controls to put in place to help prevent it, or perhaps bring it to your attention. Learn preventative measures and examples of...
Executive Summary Invoices get paid untimely for numerous reasons. The reason for slow payment should never be because of you – the party billing. Keep billing simple and in accordance with the payer’s guidelines to get paid quicker. What is an invoice? An invoice is...
Executive Summary: What are banking covenants? Banking covenants are conditions put upon a borrower by the bank. Although they can be general in nature, they often are quantitative. Some typical covenants are listed here. What sort of loan? In the construction...
Executive Summary Estimates vary on the financial loss suffered by contractors due to lost or stolen tools. Pick any number you want, it’s certainly worth a discussion at any value. The direct cost loss is most obvious, but consider also the inefficiencies suffered by...
Executive Summary: Determining how to account for the portion of corporate overhead to be included in a bid is a calculation that every company makes a bit differently. Learn the definition of corporate overhead and how it is included in a bid. What is corporate...
Executive Summary: Knowing the basics of accounting is essential in business. Knowing the balance sheet will help you assess your own financial health as well as that of your clients or subcontractors. Here are some basics on the balance sheet and, specifically, the...