Construction Company Profits Are Easy To Understand
Contractor Bookkeeping
JUNE 20, 2013
Income - COGS - Expenses] = Profit. "If For contractors not familiar with income and expenses flow for a typical mid-size construction job, consider the following general example. Month 2: Labor, materials, G&A (overhead) are expensed by the contractor for Month 2, but no payments (draws) are still behind the job costs for Month 2.
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