WIP

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2 articles tagged with "WIP".

Best PracticesMar 25, 2026

Percentage of Completion vs. Completed Contract: Construction Revenue Recognition Explained

Construction companies don't recognize revenue the way most businesses do. A project that runs 18 months has to produce revenue month after month even though the owner isn't paying for the finished product yet. The two methods that handle this — percentage of completion and completed contract — are both accepted accounting treatments with very different P&L consequences.

Sarah Blake9 min read

Best PracticesMar 23, 2026

Over-Billing vs. Under-Billing: The Two Most Important Numbers on Every Construction WIP

Over-billings and under-billings are the balance-sheet items that most distinctively belong to construction accounting. They reveal whether a contractor is pulling cash forward or financing the customer, and they are the numbers that sureties and lenders scrutinize before extending credit. Here is what each actually means, how to interpret the balance, and when 'over-billed' is healthy vs. a warning sign.

Sarah Blake8 min read

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WIP

Percentage of Completion vs. Completed Contract: Construction Revenue Recognition Explained

Over-Billing vs. Under-Billing: The Two Most Important Numbers on Every Construction WIP

Ready to automateconstruction AP?

WIP

Percentage of Completion vs. Completed Contract: Construction Revenue Recognition Explained

Over-Billing vs. Under-Billing: The Two Most Important Numbers on Every Construction WIP

Ready to automateconstruction AP?

Ready to automate
construction AP?

Ready to automate
construction AP?