Lan @ the Locals

Common construction payroll wages range from minimum wage in some areas to more than $50 per hour for experienced workers such as carpenters or electricians. Whether you’re an owner of a commercial or industrial cleaning company, or running a residential business, it’s only natural that you’re always on the lookout for new ways to… Set…

As your construction business grows, your bookkeeping needs may become more complex. Select a provider that offers scalable services, allowing you to easily add more projects, handle larger volumes of transactions, or expand to new locations without compromising on quality. When embarking on a project, it’s important to break down the costs into manageable categories…

Fixed costs are costs that are incurred independent of how much is sold or produced. Buying items such as machinery is a typical example of a fixed cost, specifically a one-time fixed cost. Regardless of how much it is used and how many units are sold, its cost remains the same. Free Financial Modeling Lessons Variable costs, such as implants, vary…

Since the equation is a simple division, the cost of doing business will be positive too. To understand the calculation of the CODB, let’s take Company Alpha as an example. Their total annual cost is $600,000, and they have 200 billable days per year. We have written this article to help you understand what the…

Since you have already adjusted your payroll liabilities, it will automatically pay your employee for the next payroll period. Sometimes the adjustment date and the target liabilities entered can affect how the 941 return is updated. I can share a couple of things we can review to resolve the adjustment not updating on your 941…

After making these individual adjustments, it’s essential to reconcile the payroll records with the amounts owed to avoid any discrepancies. Take control of your payroll liabilities in QuickBooks Online and enjoy the peace of mind that comes with accurate financial record-keeping. With the ability to make adjustments when needed, you can maintain the financial health…