Bookkeeping

If reissued above the repurchase cost, any gain is credited to APIC; if reissued below cost, the deficit is debited to APIC or to Retained Earnings if APIC is insufficient. Under the cost method, treasury stock is recorded at the price paid for the repurchase. There’s no immediate impact on APIC or Retained Earnings at […]

When shares are kept with the intention of future resale, these shares are known as treasury stock. On the shareholders’ equity section of the balance sheet, the “Treasury Stock” line item refers to shares that were issued in the past but were later repurchased by the company in a share buyback. Journalize the above transactions

Contract retainage is a sum of money, usually 5-10% of the value of a contract, that consumers can withhold from you until they are satisfied with your work on a project. Having robust retainage management becomes vital when managing multiple initiatives at one time. It will help you have enough capital, for instance, if one

Job costing is the all-important process of estimating which projects are worth your time so you’re never stuck in an https://blackstarnews.com/detailed-guide-for-the-importance-of-construction-bookkeeping-for-streamlining-business-operations/ unprofitable job. We can reference past job expenses, material costs, labor, and fees to tell you exactly what to expect from your next project so you can plan your growth accordingly. Bookkeeping for a