Construction workers need Accounting and bookkeeping services in order to keep their businesses running smoothly. Our FShad CPA accountants can properly handle financial documents for various clients in different fields, and construction companies in Toronto and the GTA are no exception. Regularly generate profit and loss statements, balance sheets, and cash flow reports. These statements provide a clear picture of your […]

When you disclose all relevant information in your financial statements, it demonstrates good faith and trustworthiness to the people you are doing business with. The most well-known example of a company that went against the full disclosure principle was Enron. It is said that the company withheld a lot of key information from its investors […]

Also, skilled accounts receivable professionals help businesses stay compliant by accurately maintaining financial records. They prepare for audits and tax filings, which reduces the risk of penalties and legal issues. Prepare the adjusting journal entry to record the estimated uncollectible accounts (bad debt) expense using the percentage of sales method for the year ended December […]

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