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Escrow Accounting Solutions for Service Businesses

Any service company that sells planned maintenance and service agreements, especially HVAC service companies, should be setup for business  escrow accounting solutions.  However, many service companies do not know what escrow accounting is or how to implement this practice within their business model. What is Planned Maintenance and Service Agreement Escrow Accounting? Explained simply, escrow […]

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Protect Your Money with 4 Quick Bookkeeping Tips

Protecting your money is one of a business owners top priorities.  Unfortunately many owners fall victim to financial loss which could have been prevented.  Below are four primary things every business should understand and create processes and oversight to protect your money. Know Your Financials Accounting is the basis of good business decisions. For that

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How to Create a Bonus Plan for Managers

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Understanding the 5 Types of Accounting to Grow Your Business

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Financial Reporting Structure for a Contracting Business. Part 2

This is part two of three in my series of posts talking about the importance of financial structure. Chart of Accounts Financial transactions are recorded with a set of codes called the chart of accounts. These codes are classified by assets, liabilities, equity, income, cost of goods, overhead, and more. The chart of accounts is

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Financial Reporting Structure for a Contracting Business. Part 1

Accounting is the basis of business decisions. While you may not be an accountant, or even like accounting, you are likely a decision-maker. You are asked to make numerous business decisions every week and your decisions need to be correct the vast majority of the time. Will we need to borrow money soon? How much

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Cash versus Accrual Accounting. The Difference Could Kill Your Business.

I sometimes receive questions on why Total Office Manager does not allow for cash basis financial reports (like we do for sales tax reports). Cash basis accounting is not GAAP compliant and has NO PLACE in business management. A cash basis is how a person manages their personal checking account, not a business enterprise. In

Cash versus Accrual Accounting. The Difference Could Kill Your Business. Read More »

Aptora will be closed for Memorial Day on Monday, May 27, 2024.
After hours support will still be available for hosted clients with connectivity issues.

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