These clauses push the burden of late payments on to the subcontractor and provide protection for the GC. Training can be provided through workshops, seminars, or online courses. For instance, this online course on financial management in construction can provide an excellent starting point for understanding the intricacies of cashflow and finance in the construction [...]

The holders of preference shares are typically given priority when it comes to any dividends that the company pays. In exchange, preference shares often do not xero service enjoy the same level of voting rights or upside participation as common shares. Non-cumulative preferred stock does not issue any omitted or unpaid dividends. Difference Between Preference [...]

Most projects you work on will result in a number of manual tasks that need to be created, otherwise known as dependencies. While some teams use automation to create better to-do lists, others prefer methods such as Kanban boards or Gantt-chart like timelines. Whatever method you prefer, automation can assist in the creation of these [...]

The account is normally a debit balance and in use is offset against the revenue account which is normally a credit balance. Consequently the net balance of the two accounts shows the net value of the sales after discounts. Contra accounts play an important role in accounting by helping businesses track certain aspects of their [...]