Construction Executive featured an article by Partner Robert Mercado and Assurance Manager James Wiedemann in a special section on construction accounting.
Construction Executive
By Robert Mercado, Partner, Assurance Services & James Wiedemann, Manager, Assurance Services
Excerpt:
Contractors should utilize an accounting system that allows for a comparison of the budget of the anticipated cost, by phase or cost code, to the actual cost incurred. This will allow for a better understanding of what exactly is occurring on a project.