Construction Accounting Terminology
Minimum Bottom Line Profit Should Average 9.4%!
For Trades & Subcontractors, at Least 11%
After Income Taxes Are Paid!
In construction accounting accountants and bookkeepers use certain terms and there are distinct meanings associated with these terms. This article is designed to introduce beginner accountants and contractors to these terms from the perspective of financial reporting. If you are a contractor, the term used by accountants may have a different meaning than how the term is used in the field.
The following is a list of the terms and their corresponding definitions:
Construction Accounting – Project
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