Key Accounting Considerations for Consumer Packaged Goods (CPG) Companies
Consumer Packaged Goods (CPG) companies have unique accounting considerations due to the nature of their business. CPG companies typically have high volumes of transactions, which can make accounting challenging. These companies also face a high degree of competition and must manage their costs carefully to maintain profitability. In this article, we will discuss some of […]
Accounting for HVAC Companies: The Balance Sheet
In the third and final installment of our Accounting for HVAC series, we will review the Balance Sheet and touch on key areas business owners should monitor on a consistent basis. Overall, the Balance Sheet for an HVAC company will be relatively straight-forward. Cash/AR/Undeposited Funds will likely account for the largest balances, with trucks/vans/vehicles and […]
Accounting for HVAC Companies: Job Costing & Financial Reporting
The next installment of our ‘Accounting for HVAC’ series highlights how HVAC related direct expenses are generally treated, the importance of job costing, and the financial reporting impact when converting cash-basis financials to accrual-basis. It is imperative that these items get treated properly, so your HVAC business can ensure your financials are ‘complete’ and properly […]
