Percent Complete Construction CPA
I own my own CPA practice where I provide construction accounting services including financial statement reviews and compilations. I've learned common themes over the years while providing these services that I think you may benefit from. Thanks for tuning in!
Monthly WIP (Over/Under) Adjustment
High Underbilling? Yes, we're talking about it again.
Does your overbilling make sense? Maybe not.
Dangers of Unadjusted Books Part 1: (Over)/Underbillings
What to do about an unusually high overbilling (Part 1)
Retained Earnings and Equity Accounts
How to treat indirect job costs
How to tell if you're underbilled or overbilled?
Overbillings: An overview
How it works: Incorporating prior year activity in your job schedules
Subsequent Project Activity
Underbillings: An overview
Do your underbillings make sense? Watch this to find out.
Retainage Receivable, everybody's favorite topic!
Error in your Accounts Receivable (A/R) balance
How you recognize a loss on a project
Overbillings aren't a bad thing. Just make sure you have the assets to back them up.
Addressing unusually large overbillings and underbillings (construction WIP adjustments)
Quick overview on total estimated cost
Cash flow template by job for construction contractors
Good vs bad job sub-ledger: why it matters
WIP Adjustment/Journal Entry: Some Key Points
Unallocated Job Costs: What are they and how do they change your contract schedule presentation?
Prior year revenues earned and prior year costs incurred
Rolling Retained Earnings Part Trois. With journal entries!
Scan your General Ledger (GL) Detail
How do you if you're calculating construction WIP correctly?
The Life Cycle of Construction WIP
QuickBooks Profit and Loss by Job Detail: Gotta use it if you're a construction contractor
Bank Rec Wreck: Duplicate entries may be living on your books!