Percentage of Completion Accounting What Does it All Mean?
There are two primary methods used to track business income and expenses: cash and accrual. While one method may work best for taxes, another may be more beneficial for measuring true profitability. But even if your statements are presented on an accrual basis, you can take it one step further to create Percentage of Completion statement. In this webinar, you‚?Tll learn how to:
- Evaluate the advantages and disadvantages of each method
- Determine which method your business should be utilizing ‚?" and why
- Create Percentage of Completion monthly adjustments