Logistics
Project Logistics: Mobilization Fee
Recording the cost of moving specialized heavy-lift cranes to a job site.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Contract Assets / WIP | Asset (+) | 20,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 20,000.00 |
💡 Accountant's Note
In 'Project Logistics' (moving windmills or factories), getting the equipment to the site (Mobilization) is a massive upfront cost that is capitalized as WIP and recognized as revenue over the project life.
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