Under the ASC 606 revenue recognition standards, a performance obligation is a promise in a contract with a customer to transfer to them either (a) a distinct good or service (or a bundle of distinct goods or services) or (b) a series of distinct goods or services that are to a large extent the same and have the same pattern of transfer to the customer.
Breakdown of Intuit Enterprise Suite’s Fall 2025 release for contractors, including new AI agents, multi-entity consolidations, business intelligence, and bill pay/payroll updates—plus how RedHammer helps construction firms implement and optimize them.
Read MoreIntuit Connect 2025 unveiled game-changing innovations for mid-market accounting: Intuit Enterprise Suite with construction-specific features, Intuit Accountant Suite, and Intuit Intelligence. IES finally bridges the gap between QuickBooks usability and ERP power.
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Read MoreDiscover the best construction accounting software for 2025. Compare CrewCost, Intuit Enterprise Suite, Sage Intacct, Acumatica, and more. Find the perfect solution for job costing, project management, and financial control to improve margins and streamline your construction business.
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