Category: Bookkeeping

Therefore, the future value of your regular $1,000 investments over five years CARES Act at a 5 percent interest rate would be about $5,525.63. These recurring or ongoing payments are technically referred to as annuities (not to be confused with the financial product called an annuity, though the two are related). Most often, investors and… Continue reading 3 7 FV of Annuities: Formula Approach Mathematics of Finance

The Advanced plan is available for $117.50 per month for the first three months before increasing to $235 per month. Procore will conduct an interview to understand your business before quoting a price. Manage employees with a built-in time clock and store photos, videos and documents in the system for easy access. To get the… Continue reading Construction Accounting, Bookkeeping, Payroll, & Reporting

Establishing a solid foundation at the beginning of a project ensures that all aspects of the job are clearly defined, budgets are set accurately, and changes are managed effectively. Upon transfer, assets begin to depreciate over their useful lives, impacting the income statement through periodic depreciation expenses. The choice of depreciation method—straight-line, declining balance, or… Continue reading Construction Accounting 101: A Complete Guide Blog

Note, that if you leave the initial and final balances unchanged, a higher the compounding frequency will require a lower interest rate. This is because a higher compounding frequency implies more substantial growth on your balance, which means you need a lower rate to reach the same amount of total interest. For longer-term savings, there… Continue reading Compound Interest Calculator Daily, Monthly, Quarterly, or Annual