Percent-Complete Accounting

How to Calculate Your Real Cost of Labor and Use That Number in Your Accounts
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How to Calculate Your Real Cost of Labor and Use That Number in Your Accounts

Figuring in those costs are crucial to accurate estimating and bookkeeping,... More

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A Bare-Bones Guide for Keeping Up with the Paperwork

Don’t let the spring speedup cause you to fall behind on presenting invoices and tracking costs. More

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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. More

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

POC accounting methods provide more accurate results before the final numbers are... More

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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 based on a periodic measurement of progress. More

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