Payroll and QuickBooks Tips for Northern Nevada Companies
Stay Compliant and Organized with Local Bookkeeping Insights
Practical Bookkeeping, Payroll, & QuickBooks Tips for Everyday Success
Keeping the Company Finances in Order - Accounting
Notice: These articles are provided for general informational purposes only. They are not intended to replace competent professional advice.
How to Calculate Your Equipment Hourly Rate
In this article, we cover calculating your investment recovery rate for your business’s capital equipment purchases…like a new skid steer loader or a mini-excavator. If you’re not charging an hourly rate for use on a project, you’re losing your cost recovery portion of income.
How to use QBO Projects to track job costs
Knowing your Profit Margin for each job is easier with QuickBooks Online Projects feature. Here I give an overview of QBO Projects for tracking job cost
How to Effectively Use Costs of Goods Sold – COGS
What is Costs of Goods Sold for service businesses, especially contracting companies? And why you should use COGS in the Revenue section of your Profit & Loss statement to keep track of direct job expenses.
Are You Profitable on Paper but Still Tight on Cash?
We pick up where we left off with the Statement of Cash Flows. Last time, we explained how the three cash flow sections track money coming in, going out, and what’s truly available. Here, we explore why everyday business processes can tighten cash flow—and what you can plan for to ease the pressure.
How to Calculate Your Company’s True Burden of Cost and Make a Profit in Nevada Construction
Most Nevada contractors underbid because they ignore hidden costs like taxes, insurance, overhead, and non-billable time. This guide explains how to calculate your true burden of cost—including utilization adjustment—so every bid covers all hours you pay for, not just job-site time. Includes a free downloadable calculator.
Cash Flow – The Lifeblood of Business
Cash flow is the lifeblood of every business, but it’s often misunderstood. In this article, we break down how cash actually moves in and out of a company and explain the three sections of the Statement of Cash Flows. Understanding these basics is the first step toward knowing what cash is truly available—and what isn’t.
Making an Impact With Our Business Partners
Helping your company keep the office running like a well oiled machine!
Income Tax Disclosures
At C&M Bookkeeping, we work very hard for our clients providing weekly, monthly, quarterly and annual accounting support aimed at payroll, transactional, and record keeping organization for small businesses. This includes the necessary reports - the company’s Balance Sheet and Income Statement - used in income tax reporting preparations for the business portion of tax returns based on the information provided to us for accounting and record keeping purposes.
We post the transactions to the company accounting file that we are direct to record. We use these disclosed financial transactions to generate both of these reports. Company owners are responsible for accurately reporting all income and expenses used for the company tax preparation and accept all responsbilities for providing accurate and complete information for the reporting requirements.
We are not tax preparers and do not provide tax advice nor tax return preparation services. We suggest to our clients and prospective clients to always consult a professional tax advisor - such as a state registered Attorney or Certified Public Accountant or an Internal Revenue Service certified Enrolled Agent - for both your business and personal tax planning, compliances and tax return concerns.
General Information Disclaimer
The information contained on these pages and in our informational articles contained within our blog features are provided for general informational purposes only and do not constitute any business decisions nor recommendations. As there are financial and legal risks inherently involved in forming and running a business, we always recommend consulting with a qualified legal and tax professional when considering your business goals and risks acceptance.
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