One of the biggest financial advantages in the heavy equipment industry is bonus depreciation and Section 179 expensing. These tax rules allow companies to write off a large portion — sometimes the entire cost — of equipment in the year it is placed into service rather than depreciating it slowly over several years.

If you are a mid-size construction company CEO, your financial statements should help you make confident decisions about cash flow, hiring, bonding capacity, and profitability. Yet many construction companies unknowingly misstate revenue every single month because they rely on billings instead of true earned revenue.

After graduating with a Bachelor of Science in Accounting from Saint Cloud State University and a minor in Spanish from the University of Costa Rica, I worked in the Corporate Accounting world, but after 18 years, I realized that I could create more value by going out on my own to help startups to midsize businesses build stronger cash flow. I did this by showing them exactly how their businesses were performing financially, and what they could do to increase their net take h

Accounting for Deferred Revenue.

Let’s be honest—running a small or mid-sized business isn’t easy. You work hard to bring in sales, but at the end of the month, you might look at the books and wonder: “Where did all the money go?”. It's time to dig deep and start using financial strategies to keep more of that cash!

Running a business is tough—there’s always a hundred things demanding your attention. But here’s the truth: if you’re not measuring your...