Despite these differences, construction accounting still adheres to general accounting principles and requires accurate record-keeping, financial statements, and tax compliance. This course will provide participants with an understanding of indirect costs, how they are captured in the accounting system, and various methods of calculating indirect cost rates. Participants will review several examples of indirect cost…
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By implementing strong construction bookkeeping services, contractors can gain clear insight into their financial position, make informed decisions, and avoid common pitfalls that may hinder business growth. Maintaining a detailed record of all expenses is essential for successful financial management. In construction accounting, every expense, whether large or small, must be recorded accurately to provide…