Percentage of Completion AKA: Progress Billing
Understanding Progress Billing and Percentage of Completion Billing The Percentage of Completion (AKA: Progress Billing) is an accounting method where revenues and expenses of long-term contracts are recognized as a percentage of the work completed during the period. Percentage of Completion is used by HVAC, plumbing, electrical, field service, construction, and other contracting companies. Progress […]
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