Remove IASB Remove Income Remove Subcontracting
article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Knowing the implications of when and how to accrue income and expenses across multi-year projects is an art in itself. . After developing the codes, you can generally divide them into five categories: labor, materials, subcontracts, equipment, and overhead. . Subcontracts. It’s not uncommon for projects to take years to finish.