Alliance for Action AID

Oct 29 2021

The Ultimate Guide to Construction Accounting for Contractors

You’ll want to include a description of each transaction, the date of the transaction, and the revenue received. It determines the total cost of each job based on the specifications […]

Jul 28 2021

Encumbrance: Definition, Example, and Types of Encumbrances

These advancements will streamline the encumbrance accounting process, allowing for more efficient tracking of future payments and expenses. Budgetary control involves additional processes such as validating transactions to determine whether […]

Apr 21 2021

Cash Conversion Cycle: How to Calculate and Improve It

There are few, if any, more important business metrics than cash flow. While profit and revenue are good indicators of success, cash flow is perhaps the best indicator of overall […]

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