cancel
Showing results for 
Search instead for 
Did you mean: 
mandymaples
Level 1

Construction Draws

When a customer holds the loan but the builder pays the subs what is the correct way to account for this? Then at the sale what is the correct way to record this? Typically if the builder held the loan everything would run through CIP and then transferred to COGS upon the sale. Please help fill in the gaps. 

Need to get in touch?

Contact us