Accounting

How to Do Accounting for Contractors and Construction Businesses

How to Do Accounting for Contractors and Construction Businesses As a contractor or construction professional, you know what to do on the job site. But do you have the same expertise with the accounting ledger? It’s natural to feel nervous and overwhelmed with all the financial aspects of running a construction business. After all, you’re

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Budgeting vs. Forecasting: What’s the Difference between the Two?

Budgeting vs. Forecasting: What’s the Difference between the Two? By RICHARD C. FORD Budgeting and forecasting are critical in planning for the future of a business. While the concepts are used interchangeably, they have striking differences.  Simply put, forecasting provides the bigger picture regarding what the company wants to achieve in the future.  Conversely, budgeting

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