As a construction contractor, you face uncertain project timelines, fluctuating material costs, and unpredictable weather—all of which...

In the fast-paced world of construction, managing revenue recognition can be complex but is critical for maintaining accurate financial...

Understanding revenue recognition is one of the most important aspects of running a profitable and legally compliant construction...

Managing your construction company's finances might be stressful. Between progress billing, task costing, and revenue recognition, it's easy to lose sight of what's happening. However, one way stands out for its capacity to assist contractors accurately portray their financial performance: the percentage of completion  approach. In this article, we'll go over what the % of completion method is, how it works, the benefits and hazards, and why it's important for contractors. Wh

Accurate revenue recognition is essential in construction accounting for reflecting a project's financial performance.