Aptora Blog

  • Battery Backup/UPS

    Battery Backup/UPS “What is a Battery Backup? What is an Uninterrupted Power Supply (UPS)?” Why would your service company or contracting business need one for their computer system? Whether for commercial or residential environments, these are important questions many business owners have been asking in recent years. Many more contractors and service business owners are now interested in finding […]

  • About GPS Tracking

    GPS: Not Just Your Father’s Two-Way Radio By Ryan Duarte – Information Technology Expert These days they are becoming a part of every piece of American society. From cell phones to tracking systems, GPS use is fast becoming common place in the USA and across the world. The amount of public GPS usage is increasing […]

  • Mobile Field Service Management Software

    Importance of Mobile Field Service Management Software There is a saying that almost everyone is familiar with, “The customer is always right.” This means that we are in a customer-based business environment, and to acquire these customers, we need to cater to their wants and needs. This also means that their perception of our company […]

  • Financial Ratios and KPIs

      Please Note: This is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Using Financial Ratios and Key Performance Indicators to Monitor Your Business In baseball, pitching managers use statistics to help them make important decisions; such as which pitch to throw, to what player, and under […]

  • Accounting and Bookkeeping Principles Intro

    Please Note: This is article numner one in a series of nine articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Overview Accounting is the process of compiling and organizing financial information to produce reports for financial analysis, the process of reading and interpreting financial data. Similarly, bookkeeping is the process of gathering raw financial data, paying […]

  • Chart of Accounts for Contractors

      Please Note: This is part of a series of nine articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Chart of Accounts for the Service and Contracting Business Introduction A Chart of Accounts is a list of the financial accounts (bookkeeping) for a business, systematically arranged, generally according to assets, liabilities, equity, […]

  • Income Tax Accounting

      Please Note: This article is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Income Tax Accounting Contracting businesses must pay income tax based on their calculated taxable income. There are typically two ways of approaching income calculations: The GAAP-established measurement of income, called the financial accounting income, […]

  • Accounting Journal Entries

      Please Note: This is article seven in a series of nine articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Adjusting Entries in Accounting The receipt or payment of cash requires a straightforward entry into one or more journals. Journal entries for transactions governed by the accrual principle (see The Accrual Principle […]

  • Accounting Journals and Ledgers

      Please Note: This article is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Accounting Journals and Ledgers In a manual accounting system, the debits and credits for each transaction are first entered in a book called a journal. The journal record for each transaction is called […]

  • The Accrual Principle in Accounting

      Please Note: This article is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter The Accrual Principle The measure of business income is the most important function of accounting. Income measures the change in equity associated with business operations for a specific period of time. Some changes […]

  • The Income Statement

      Please Note: This article is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Accounting Period The period covered by a set of financial statements is called the accounting period. For most businesses, the official period is one year corresponding to the calendar year ending on December […]

  • Accounting Debits and Credits

      Please Note: This article is part of a series of articles titled Accounting and Bookkeeping Principles for Contractors Written by James R. Leichter Debits and Credits There is a lot of confusion among contractors regarding debits and credits. A thorough understanding of these terms is very important to accounting and being a good bookkeeper. Knowing what […]