Bookkeeping

In your accounting system, each job is created with a unique code, and revenues and costs are assigned to the project using that code. Most costs are assigned to materials and labor, with some additional costs including project-specific insurance, equipment, or other project-related expenses, as well as soft costs. Direct costs in construction include expenses …

How to Handle Bookkeeping for a Business with Subcontractors Read More »

A contra expense account is an account used to reduce the amount of an expense without changing the balance in the main expense account. Examples of contra expense accounts include Purchase Returns, Purchase Discounts, and Advertising Reimbursements. The purpose of the Sales Returns account is to track the reduction in the value of the revenue …

Quick Guide to Master Contra Accounts: Definition, Types & Examples Simplified Read More »

Provider of assisted living, independent living, memory care and skilled nursing services, Sinceri Senior Living has remained focused on ensuring its residents receive the best care possible. When the pandemic prevented family visitors and demanded added precautions of its workforce, Sinceri worked with ADP to implement tools to keep staff safe and informed. Employees could …

ADP on LinkedIn: Unlock Success at ADP Meeting of the Minds 2025 Read More »