We are a construction company and would like to have a few questions answered regarding the financial statements that we are going to create for ourselves.
Here is the link to Balance Sheet & Income Statement.
- Are there any new General Ledger Accounts that are typically used and we should consider adding?
- Are there any existing General Ledger Accounts that should be combined?
- Is there a typical sequence that GL Accounts are generally shown? Like:
- Phone Expense
- Waste Disposal
I appreciate any help I can get over the forum.