We are 2.5 months in on the process of design with our business partner and looking to chat with another contractor regarding loading the prior year balances for projects in progress at end of year, so your current year over/under billing calculates properly. What level for the FYE did you need to load to ensure the current year activity was properly reflected on your work in progress and completed projects schedule to reconcile to your financial statements.
Thanks in advance, we want to do the level necessary, but don't want to overcomplicate things if it isn't needed.
This is my first post. i hope this is appropriate to pose this question here.
Thank you for any insight
Mary Davolt
Berger Contractors, Inc.
