Construction accounting for busy contractors
For long-term projects, consider using the percentage-of-completion method for revenue recognition. https://www.bignewsnetwork.com/news/274923587/how-to-use-construction-bookkeeping-practices-to-achieve-business-growth This method provides a more accurate picture of your financial position throughout the project lifecycle. Construction payroll is more complex than in many other industries, as it involves tracking multiple workers, contractors, and varying pay rates. Streamline Invoice Processing: But still, they’ll all