What is the Difference Between Class and Phase Accounting

What is the difference between class and phase accounting? Class accounting is useful for discovery of financial issues related to different types of work, phase accounting breaks it down further into the different functions of work for the particular item.

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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