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Why you should work with a construction-oriented CPA
Manage episode 319899134 series 3314227
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Does your accountant have special expertise in the construction industry? Construction-specific accounting methods aren't taught in school. This week, Wade is walking us through those methods and how accounting looks different for construction companies.
Topics we cover in this episode include:
- The individual quirks with construction accounting that aren't taught in school
- How the percentage of completion method gives a truer picture of where your company is
- The importance of job costing
- How so many people treat retainage receivable incorrectly on their books
LINKS
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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