Alisa HuntAlisa Hunt has been a financial consultant for more than 20 years, and she has worked extensively with the construction industry.ManagementAssessing Your Income StatementDESCRIPTION 1ST YEAR % 2ND YEAR % 3RD YEAR %There are times when the percentages on an income statement appear to be skewed. This often is due to the recording of expenses before the corresponding revenue has been earned, such as when you have purchased all your materials for a huge job that you haven't started yet. It is suggested that, rather than record things in that manner, contractors should record the expenses as "work in progress" inventory on the balance sheet. This process, which was described in the article on balance sheets featured in the December 2004/January 2005 issue of Hardwood Floors on page 49, would show up as a current asset.March 31, 2005ManagementUnderstanding Your Balance SheetNovember 30, 2004Page 1 of 1Top StoriesContractingBlending Personality With Practicality: See the Winners of the 2025 WFB Truck and Van ContestGet ready to rev your engines and roll into the world of wood flooring pros’ work vehicles. The WFB Truck & Van Contest celebrates pros' trucks and vans with categories for Best Exterior Graphics, Most Organized Interior, Most Unusual Work Vehicle and Biggest Disaster.DesignAnimator’s Studio is Transformed With a Herringbone Pencil FloorSubfloor PrepSelf-Leveler 101: How We Do It Before Installing Wood FlooringParquetTransformative Flooring Design Illuminates HomeSponsor ContentA Complicated Challenge: Refinishing the Tavern on the Green
