The Evolved QBO Chart of Accounts

A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account within an accounting system. If you are currently using QuickBooks Online (QBO), you will recall that it establishes a chart of accounts as you add new accounts. However, this default COA is simply an alphabetical chart of accounts lacking […]

Why Cost Accounting Could Be the Secret to Your Success

Imagine knowing at any time, exactly how much profit you’ve earned from a job or project. Would that make a difference in how you created your proposals? If you had insight into your profitability for each job, could you be more competitive with your estimates? Job costing, also called cost accounting, is the practice of […]