I had a friend who is an contractor, he mainly recieved his fees once it work is certified. I one to know when he can book his sales and on which amount
Since he book the sales when the contract is complete, but there are always differenece between his bill and the archtect bill too
While in some cases even the amount payable by the party is also less than the architect certified
How to deal in such situation
What will be the proper accounting system