Construction Accounting: Everything You Need to Know Construction accounting is the backbone of effective project management, helping track costs, revenue, and compliance across each job. It treats every project as a separate financial entity, using tools such as job costing, progress billing, revenue methods like Percentage of Completion or Completed Contract, and work-in-progress (WIP) reporting. These specialized practices ensure contractors can evaluate profitability, manage cash flow, forecast outcomes, and navigate complex regulations—driving financial stability and growth in construction businesses. Know More https://onlinetipsdaily.com/construction-accounting/