Accounting Method

Accounting Method

The accounting method determines when to recognize revenues for this type of project.

Note that the program limits the range of accounting methods you can select to those that are consistent with the project type.

You can choose the following default accounting methods for new projects:  

• Completed Project

• Total Cost Percentage Complete

• Labor Hours Percentage Complete

• Billings And Costs

• Project Percentage Complete

• Category Percentage Complete

• Accrual-Basis