Construction Accounting (WIP) Pack: Links project costs to WIP, percentage of completion, progress billings, and retentions. Delivers monthly project profitability, under/over-billing analysis, and variance reporting for contracting finance teams.
Construction Progress Billings Management: Handles interim progress invoices, retentions, advance payments, change orders, and linkage to advance deduction schedules. Delivers billing/collection schedules and retention tracking for project teams before monthly close and collections.
Percentage of Completion (POC) Methodology: Documents progress measurement policy, EAC updates, and linkage to accrued revenue under IFRS 15—including claims and under/over billing treatment. Delivers consistent month-end project close rules for reporting and audit teams.
