job cost accruals

Construction Month-End AP Close: The Workflow That Turns a 12-Day Close Into a 5-Day Close

Month-end close in construction AP is harder than in most industries — job cost accruals, retainage calculations, lien waiver reconciliation, multi-project allocations, and dozens of subcontractor invoices arriving in the last three days of the period. A disciplined close workflow with specific sequence, cutoffs, and responsibility assignments converts the typical 10-12 day close into a 5-day close without sacrificing accuracy. The key is moving work earlier in the month and enforcing cutoffs that protect the back-end reconciliation time.