Construction Company Contract Traps And The Advantages Of Legal Help
Posted by Sharie DeHart on Fri, Sep 01, 2023
Topics: Bookkeeper Embezzlement, Embezzlement, Contractor Bookkeeper Embezzlement, Construction Bookkeeper Embezzlement, Employee Fraud, financial fraud
How To Safeguard Your Construction Company From Employee Expense Fraud
Posted by Sharie DeHart on Fri, Aug 18, 2023
Topics: Bookkeeper Embezzlement, Embezzlement, Contractor Bookkeeper Embezzlement, Construction Bookkeeper Embezzlement, Employee Fraud, financial fraud
Using Financial Reconciliation To Keep Your Construction Business On Track
Posted by Sharie DeHart on Fri, Apr 14, 2023
As a small business owner, you're likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting invoices (although those are also important). It involves regularly checking your financial situation to ensure your accounts are in order, your records are up-to-date, and you're spending within your budget.
Among those activities, financial reconciliation is vital in keeping your finances and business on track. Force reconciliations can cause your net income to be over or understated, which means you pay too much in taxes now or too little now and the rest later with penalties and interest because the IRS can ask for a copy of your bookkeeping record.
Topics: QuickBooks For Contractors Financial Reports, Contractor Tips, financial fraud, Financial Reconciliation
Understanding Cultural Differences Within Your Company And Clients
Posted by Sharie DeHart on Fri, Feb 24, 2023
Whichever specialty your construction business is in, cultural differences can directly impact your profitability. If you try to understand your crew's and clients' cultures – their customs and differences – you'll have a better chance of keeping them and gaining more, respectively.
Topics: Contractor Tips, cybersecurity, Employee Fraud, financial fraud
How To Protect Yourself And Your Construction Business From Fraud
Posted by Sharie DeHart on Fri, Feb 10, 2023
While they might get less information from a small business, thieves will easily access it. If your construction company keeps any time-sensitive information on a computer network—personal information, credit card details, or other vital data—you need to ensure your cybersecurity is top-notch so you, your business, and your clients are fully protected.
Topics: Contractor Tips, cybersecurity, Employee Fraud, financial fraud