Resources
What monthly bookkeeping includes, reading your reports, getting paid faster and keeping on top of bills.
If your trucks cross provincial or state lines, IFTA decides how much fuel tax each jurisdiction gets. Here's who needs a licence, how the quarterly return works, the records that protect you in an audit, and the mistakes we see most.
A busy shop can be short of cash precisely because it's busy. Here's how inventory, work in progress and slow-paying customers tie up money, how to measure it with one number, and the levers that free cash without borrowing.
If your year-end count always produces a surprise adjustment, the problem is usually the routine, not the count. Here are the usual culprits, a monthly routine that fixes them, and how year-end inventory valuation and obsolete stock affect your tax.
Most shops know what they quoted. Fewer know what the job actually cost once materials, burdened labour and shop overhead are counted. Here's how to work it out, and how the wrong overhead method can make your best product look like your worst.
A manufacturer's monthly numbers are only right if the month is closed properly. Receipts, shipments, work in progress and payroll all need cutting off at month-end. Here's the routine we run, and the mistakes each step catches.
Lenders don't just want year-end statements. They want monthly numbers, borrowing base reports and covenant calculations, and so should you. Here's what a good monthly reporting pack looks like for a manufacturer, and how to see a covenant problem coming.
Trucking companies can be profitable and broke at the same time. Here's where the cash gets stuck between hauling a load and getting paid, what factoring really costs, and the reserves every carrier should keep.
If you don't know what a kilometre costs you, you can't tell a good load from a bad one. Here's how to work it out from your own books, with worked examples for an owner-operator and a small fleet.
Thirty minutes of checking at the end of each month saves days at quarter-end and year-end. Here's the routine we run for carriers, from owner-operators to fleets, and the mistakes each step catches.
Outsourced bookkeeping can mean anything from data entry to running your whole finance office. Here's what a full monthly service should cover, and the questions to ask before you hire one.
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