Online Exclusive: Accounting Basics for Small Contractors, Part 2

In the first installment of this series we discussed the importance of having at least a basic understanding of accounting and financial concepts to properly operating a plumbing-heating-cooling (phc) business.

Second in a Series

In the first installment of this series we discussed the importance of having at least a basic understanding of accounting and financial concepts to properly operating a plumbing-heating-cooling (phc) business. We also covered a number of accounting terms and briefly discussed two of the basic financial statements: the income statement and balance sheet. In this installment, we’re going to go more in-depth on the income statement, look at its structur

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