Percent-Complete Accounting

Percent-Complete Accounting

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  Business How-To: Hiring an Accountant

  Need expertise to handle your business's bookkeeping? Tips for hiring an accountant to wrangle your company's financial information.

   
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  Benchmark: Foolproof Cash Flow

  Use a percentage of completion worksheet to help you monitor cash flow, evaluate job progress, and gauge job profitability.

   

• Percentage-of-Completion Accounting: What's It All About?

  POC accounting methods provide more accurate results before the final numbers are in, especially for remodeling projects that stretch out over time. How to use this useful method, by QuickBooks expert Diane Gilson.

   

• Percent-Complete Accounting

  Of the four methods used to recognize income, costs, and profits on construction contracts, cash and accrual are most familiar. The best accounting method for remodeling projects is percentage of completion because it recognizes revenue, cost, and gross profit throughout the life of each contract...