Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Note that equipment costs should be apportioned throughout the contract and not taken as a lump sum deduction. It can be reduced from the Unbilled Contract Receivable A/c while preparing the balance sheet. Often, a long-term contract can […]
Month: June 2022
How to Calculate Percent Complete in Project Management
Recognized costs will be actual costs if using the cost-to-cost method. Under PCM, only a portion of total contract income is recognized annually. For most working taxpayers, accounting for income is as simple as keeping a record of W2 documents they receive from their employer. If you run your own business, you must keep up […]
Cannabis Use Disorder: Definition, Symptoms, Treatment
They can offer the encouragement and support that you need to be successful. The American Society of Addiction Medicine (ASAM) generally favors a gradual tapering approach to help minimize severe withdrawal symptoms. It’s a lot like one your brain makes (anandamide) that sends messages between nerve cells throughout your body. If you use marijuana regularly, […]
Marijuana Addiction: Signs, Effects & Rehab Treatment Near You
The road to recovery from marijuana addiction will likely have many ups and downs. Many people who try to quit smoking pot for the first time will fail and may have to try again, possibly a few times, before they find a recovery method and treatment program that works for them. Many people consider marijuana […]
A Guide to Financial Projections For Startups
While it’s easier to predict expenses than sales, it’s essential to account for unexpected costs such as equipment failures, natural disasters, or sudden increases in supplier prices. Including a 10-15% contingency in your expense projections is advisable. With a proactive approach and by choosing the right procure-to-pay software platform, you can ensure your financial projections […]
Financial Projections: Accurately Plan Your Business Future
The best products and services can flounder without a smart financial model, and that’s why financing is the primary cause of startup failure (not competition, business models, or founding teams). Beyond decision-making, your financial model reads like a portfolio to possible investors, showcasing your startup’s potential profitability and long-term viability. It can be worthwhile to […]