Remove IASB Remove Profitability Remove Subcontracting
article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

In this practice, each project functions as its own entity with profits and losses. . After developing the codes, you can generally divide them into five categories: labor, materials, subcontracts, equipment, and overhead. . Subcontracts. Furthermore, it can take time to actually receive payment for services rendered.