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The barter system used to be the simplest form of trade, occurring without any standard currency by exchanging goods of similar value. Now let us browse the current Ukraine-Russia war situation for a possible barter deal. Europe and America have put massive sanctions on Russia for its warmongering. Imagine two children have a collection of baseball cards, and each has a duplicate card that the other child wants. In this example,…

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This implies success in bartering requires finding a trade partner who not only has the goods or services you need but also needs the goods or services you have to offer. So, if a farmer growing definition of barter system wheat wants a pair of shoes, she must find a shoemaker who needs wheat. Despite offering significant advantages, monetary exchange has its limitations. Money is susceptible to systemic issues such…

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Hòa trong hào khí oai hùng của Cách mạng tháng Tám lịch sử, ngày Quốc khánh 2/9 và những ngày đầu năm học mới, sáng 10/9/2022, UBND tỉnh Long An phối hợp Ngân hàng TMCP Việt Nam Thịnh Vượng; Công ty Cổ phần Tập đoàn MIK (MIK Group) long trọng tổ chức Lễ khởi công xây dựng Trường THPT Nguyễn Trung Trực tại ấp Tấn Long, xã Thanh Phú, huyện…

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Ngày 12-7, tại Dự án Khu đô thị sinh thái Golden Hills (TP Đà Nẵng), chủ đầu tư dự án này là Công ty CP Trung Nam (Trungnam Group) đã phối hợp với đơn vị phát triển dự án là Công ty KITA Land (KITA Group) tổ chức lễ thi công cất nóc block B2-27 thuộc khu shophouse với tổng số 19 căn shophouse. Khu shophouse thuộc Dự án Golden…

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Sáng ngày 23/3/2022, Chủ đầu tư Công ty Cổ phần Kita Invest thuộc Tập đoàn Kita Group, Nhà thầu Viteccons và Công ty TNHH Tư Vấn APCC đã tổ chức lễ khởi công giai đoạn 2 phân khu “The Ami” Đại Đô Thị Ngôi Sao – Stella Mega City tại KDC Ngân Thuận, Phường Bình Thủy, Quận Bình Thủy, TP. Cần Thơ. Kita Group là một trong những Tập đoàn…

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In summary, financial reporting and analysis are critical for construction companies to understand their financial position and make informed decisions. By creating accurate financial statements, managing cash flow effectively, and budgeting and forecasting, construction companies can achieve financial success and grow their business. A chart of accounts is a list of all the accounts used by a company to record financial transactions. Long-term Contracts Regularly update financial reports to monitor…

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Union rates, travel pay, and taxes can also impact how much you’ll need to pay your workers. You need to record both direct and indirect costs if you want to track and spend efficiently. Management should provide oversight to ensure that internal controls are being followed and that any weaknesses are addressed in a timely manner. Timely Invoicing and Cash Flow Management They’re only required to use the percentage of…

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There are several factors that distinguish bookkeeping in construction from other industries. Whether you’re an owner of a commercial or industrial cleaning company, construction bookkeeping or running a residential business, it’s only natural that you’re always on the lookout for new ways to... Set limits, turn tracked time into automated timesheets, and send invoices with Hubstaff. Opting for a solution that requires extensive training before you can use it is…

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Each job incurs direct and indirect costs that may fall into a wide range of categories. It’s essential that contractors have an effective method for keeping track of income and expenses, and for reconciling every transaction. Bookkeepers help business owners manage their finances by documenting transactions, paying and issuing invoices, generating reports, and recording accurate financial data. To simplify this process, many construction companies use payroll software that can automatically calculate…

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This report highlights important details, including payment due dates, potential cost-saving opportunities by paying early or later, and the total outstanding balance. Additionally, it includes essential vendor information and payment terms for effective financial tracking and planning. Construction bookkeeping services improve cash flow by ensuring timely invoicing, tracking progress billing, and managing expenses. Cash flow management is vital in the construction industry, especially as you take on larger projects or…

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