Billings in excess of costs is a financial accounting of project billings that are greater than the actual revenue earned from work performed on the job. This is a technique done by many contractors to cover costs during the course of a project. It also refers to the practice of sending an invoice to a client prior to the completion of a project. To help offset an inflated picture of revenue from overbilling, billings in excess of costs are recorded on a company balance sheet as a liability until the work for those billings is complete.
Complete breakdown of every Intuit Enterprise Suite Spring 2026 feature for construction companies. Certified payroll (WH-347), refreshed WIP reports, flexible job costing, Workforce Elite HCM, transaction-level eliminations, AI cost insights for budgets, and what RedHammer wants next from Intuit.
Read MoreA 2026 buyer's guide to the best construction accounting software for contractors. Compare QuickBooks Online, Intuit Enterprise Suite, Sage Intacct Construction, Acumatica, Foundation, NetSuite, Knowify, Procore, and more from RedHammer, Intuit's IES implementation partner.
Read MoreIES Winter 2026 delivers construction beta with project phases, cost groups, AIA invoicing, and negative change orders, plus parallel approvals, AI agents, BI tools, and MAC migration support. RedHammer breaks down every feature with honest takes on what still needs work.
Read MoreIntuit launches its first industry-specific ERP for construction. The IES Construction Edition covers the full project lifecycle—from proposals to AIA invoicing—with AI-powered tools and multi-entity support, putting traditional construction platforms on notice.
Read More
.png){kind=small}
