…
This workshop has been thoughtfully prepared and recorded – and you can access it immediately. Upon purchase, you’ll receive immediate access to both the online recording and handouts.
…
…
$137
… OR …
Get THIS class PLUS
80 More Online Classes for only $197
Covering topics like:
Job-Costing, Construction Accounting, and Profit-Building
Timing is Everything – Part III:
How to Recognize Income for Percentage of Completion (POC) Contracts
Approximately 61 minutes:
- Recap of major points from Parts I & II
- Why income measurement is critical to success
- The problem with ‘regular’ accounting and in-process contracts
- Percentage of Completion adjustments are required for…
- Additional benefits of Percentage of Completion adjustments
- Percentage of Completion calculations and the entry process:
- You’ll need these accounts
- 6 Steps to prepare for your monthly Percentage of Completion entries
- 12 Steps to compute and post your monthly Percentage of Completion entries
- Examples
- Final cheat sheet: Percentage of Completion entries required for different types of jobs
- Top 10 common questions and responses
- Cautionary notes and info for your tax preparer
NOTE:
This is Part III of the “construction income adjustments” series of workshops.
Please see the following workshops for Parts I & II to access additional detailed accounting concepts & procedures: