For construction owners, general contractors, and subcontractors selecting the correct accounting method isn't just a compliance checkbox, it's the primary financial strategy for optimizing your cash flow, securing bonding capacity, and maintaining working capital when you need it most. Two methods dominate the construction accounting landscape: Completed Contract Method (CCM):  Defers all profit recognition until the project reaches 100% completion, maximizing tax deferral a

Keeping track of income and expenses for long-term construction projects can be overwhelming. Fortunately, the CFMA has recommended a method of accounting that makes this task much easier. This method is known as the percentage of completion. With over 8,200 members in the US and Canada, CFMA offers educational activities, publications, and networking. They are a reputable association that promotes best practices in financial management and works to meet the needs of constr