Construction Accounting: What Is Overbilling?
Updated: Sep 20th, 2022 Overbilling and underbilling appear to be common construction accounting terms. However, not all contractors understand why these concepts are important to their projects. It was not until the contractors' project was delayed due to late payments that they realized the significance of overbilling. This blog post will explain what overbilling is and how it can affect your construction firm. What is Overbilling? Overbilling happens when a contractor char