Whether you’re a large general contractor or a small subcontractor, we can help you manage finances across projects of all sizes. Not all standard accounting software has the features you need for the construction industry. For example, suppose your company uses progress billing on large jobs (where each invoice is charged against the total cost […]
Категория: Bookkeeping
What is Revenue Recognition: Principle, Model & Examples
Generally accepted accounting principles require that revenues are recognized according to the revenue recognition principle, which is a feature of accrual accounting. This means that revenue is recognized on the income statement in the period when realized and earned—not necessarily when cash is received. Adopting ASC 606 ensures SaaS businesses recognize revenue accurately across contracts, […]