My company works in construction, and has a large number of contracts. To recognise turn over in our accounts, we use a cost plus margin method, using a monthly CVR exercise. After month end, we wait two weeks so we can get all our supplier invoices on the system so we have our costs - this two week delay causes issues.
Would it be sensible to move to a process where we recognise the cost on issue of the PO, and accrue for non Goods Reciepted commitment? How would this work with large POs, for example we issue a PO for a lot of material that will be used in different phases? Thanks!