Billings vs Earned Revenue: Overbillings and Underbillings
This lesson is part of the course
In this lesson
You follow one school job through four quarters and watch it swing between underbilled and overbilled.
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Lessons in this course
- Contract Value, Estimated Total Cost and Estimated Gross Profit Locked
- Percent Complete with the Cost-to-Cost Method Locked
- Earned Revenue to Date and Revenue for the Year Locked
- Billings vs Earned Revenue: Overbillings and Underbillings Locked
- The WIP Schedule for Eight Jobs and the Year-End Adjustment Locked
- Change Orders, Revised Estimates and Margin Fade Locked
- Loss Contracts: Recognise the Whole Loss Now Locked
- Retainage, Backlog and a Margin-Fade Chart Locked