Back to Basics: The Percentage of Completion Method of Accounting for Contractors
This allows you to recognize revenue in the appropriate period and monitor the profitability of your contracts in progress. Typically, a long-term contract is one that spans more than one reporting period (or year). For growing businesses in the construction space, our recommendation is Quickbooks Online Advanced. Simple-to-use cloud-based accounting software like Quickbooks Online, along with […]
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