Construction
Preliminary & General (P&G) Monthly Cost
Recording the time-related preliminary costs that run monthly throughout the project (management, security, utilities).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work-in-Progress (WIP — Preliminaries) | Asset (+) | 45,000.00 | - |
| Various Payables / Cash | Asset/Liability (-) | - | 45,000.00 |
💡 Accountant's Note
Preliminary and general costs (P&G or 'prelims') are the time-related overhead of running the site — site management, security, power, water, and site facilities. They are tracked separately from measured work.
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