Month-End Close for GCs Without a Full Accounting Team
No full accounting team? No problem. Here's a repeatable month-end close sequence for general contractors, from trial balance to WIP schedul...
Balance Sheet Basics for GCs: WIP, Over/Under Billings, and Retainage Receivable
WIP, overbillings, underbillings, and retainage receivable live on the balance sheet, not the P&L. Here's a step-by-step monthly checkli...
Reading a Construction P&L: By-Job vs. Consolidated and When to Use Each
A consolidated P&L shows the whole company. A by-job P&L shows what's actually happening on each project. Here's how to read both, and when...
Chart of Accounts for General Contractors: What Goes Where
A generic chart of accounts creates billing headaches and bad job cost reports. Here's how to build one that actually works for a general co...
Percentage-of-Completion Accounting: A Real Job Walkthrough
A step-by-step walkthrough of percentage-of-completion accounting using a real $1.2M medical office buildout, covering earned revenue, WIP,...