Master construction accounting with clear, practical guidance you can apply now.
This book explains how to manage costs, overhead, and contracts in the construction world. It covers when to use the completed-contract method versus the percentage‑of‑completion method and how to align accounting with real project cash flow and income. You’ll find practical approaches to budgeting, forecasting, and preparing financial statements that reflect the risks and realities of building projects.
- Differentiate direct costs from overhead and learn how to allocate overhead fairly to each job.
- Understand how to structure job cost reports, general ledgers, and key financial statements.
- Explore the impact of contract type, risk, and duration on income recognition and tax considerations.
- Gain insight into internal controls, audits, and the role of insurance, bonds, and safety in project finances.
Ideal for contractors, project managers, accountants, and office staff who support construction operations.