Phase Accounting as a Subset of Cost Accounting

Phase accounting is a subset of cost accounting. Phase accounting is customarily used in project based organizations such as engineering, construction or development. Phase accounting incorporates many different types of cost inputs to generate informative reports to readers so that they may make good decisions to better the company financial position.

Implement Cost Accounting in Construction – Document Flow System

This is the second article in a series of articles walking the small business contractor step by step in implementing cost accounting in construction. This article focuses on designing and developing a document flow system for use in cost accounting. The next step after creating a document flow system is learning how to sort and process the documents that come into the office. 

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