What is different about accounting in each sector: car dealerships, contracting, services and trading.
A car dealership is a trading business with distinct accounting: every unit in stock has a different cost, and a single deal may combine a deposit, a trade-in and bank financing. This guide explains how to keep a dealership’s books so you know the profit on each car, not just the month’s total.
3 min read
A contracting company does not sell items off a shelf; it sells projects that stretch over months, spending costs today and collecting revenue on progress claims. So its accounting is different, and so is what it asks of accounting software. This article explains both.
2 min read
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