Figuring in those costs are crucial to accurate estimating and bookkeeping,... More
Use a percentage of completion worksheet to help you monitor cash flow, evaluate job progress, and gauge job profitability. More
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. More
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
Using the percentage complete method, you can accurately track revenue and profit throughout your jobs. More
