Construction Accounting: Full Guide for Contractors 2024

In construction, a production contract can last for years and involves multiple rolling payments. The terms and conditions typically allow payment of invoices for 30 days, 60 days, and even 90 days or more. Therefore, both equipment and workforce change frequently from place to place, resulting in a How to Use Construction Bookkeeping Practices to Achieve Business Growth rise in mobilization costs. Equipment and labor costs also mean each site