Create Accurate Estimates
Eliminate errors and avoid missed opportunities by carefully evaluating project plans with precise budget allocation, from initial estimate to a clear professional quote.
Make Informed Decisions
Identify key issues and changes for improvement. Repeat quality performances you can be proud of and make better decisions for your construction company.
Generate Useful Reports
Provide investors, bankers, and stakeholders with clear, timely, and relevant documents that precisely reflect the current financial state of your spec home-building operations.
Process-Dependent System
Without proper tracking and matching of income and expenses, you'll never know if you made a profit until the job ends. With long business cycles and huge construction expenditures, most land developers like you feel there is never enough money to cover the costs.
The chaos of your day-to-day operations, economic change, compliance issues, new regulations, natural disasters, and several other factors that are beyond your control are potential risks to your business.
Start building a process-dependent system, take this course, and set up your QuickBooks Desktop account to work for your Land Development and Spec Home Builder Company.
Construction Accounting Vs. Regular Accounting
Learn the necessary principles particular to your industry and the importance of understanding the difference between other types of accounting.
Assign Costs To A Particular Job
Gain a better understanding of costs using the LMOS™ (Labor, Material, Other Costs, and Subcontractors) system and better handle Job Costing and Job Profitability for your land development and spec home-building company.
Analyze Work-In-Progress Reports
Unforeseen cash flow issues can lead to construction delays and business and personal bankruptcy. Take advantage of the WIP schedule to keep track of your projects and the percentage of completion.
Key Takeaways
Discover insightful lessons with each module, gain actionable tips for your bookkeeping processes, and pick up strategies to overcome the challenges of keeping your accounts up to date.
After taking two college weekend classes to learn QuickBooks for our company's accounting needs and NOT getting my specific questions answered, I attended a QuickBooks seminar run by Randal and quickly learned that he had the help and answers I needed.
As a wife doing the books part-time, I am very thankful for his help and insight into our company's precise needs.
Painter's Wife
Everett, WA
What You'll Learn
Access to the best available tools and information is vital to almost any operation, but it is especially crucial in the competitive construction and home service industry. Upon completing this course, you will be able to:
Understand
The difference between Construction Accounting and Regular Accounting.
Discuss
Work-In-Progress and why it is always an Asset Account, not a Cost of Goods Sold.
Determine
How to set up LMOS™ (Labor, Materials, Other Costs, and Subcontractors) cost codes.
Recognize
The money that goes in and out of your business and when it is considered Income.
Master
Chart of Accounts using QuickBooks Desktop designed for land developers and spec home builders.
Utilize
Module instructions in opening and developing your own spec home builder firm.
I found your Change Order How-To video on YouTube and really like how you have it set up and appreciate the pointers you have to offer.
Because I am tired of these customers constantly changing stuff on us and creating delays or extra work. I need to start being compensated for my time, but I want to make sure I am doing it the right way. Thank you for your assistance.
Home Improvement Contractor
Hanover, VA
Who is this course for?
This course is for contractors, accountants, bookkeepers, administrators, and business professionals in the construction and home service industry using QuickBooks Desktop as their primary accounting software. And whose business is within $0 and $5,00,000 in annual sales. No prerequisites or advanced lessons are required.
We developed a comprehensive bookkeeping system and added valuable content to QuickBooks to make it work for owners and employees in the construction industry.
Who is this course NOT for?
This course is NOT for construction industry professionals using accounting software other than QuickBooks Desktop or whose business earns more than $5,000,000 annually. There is much more detail and depth to consider for larger contractors.
This course focuses on the unique aspects of construction accounting not dealt with in other industries. If you are not a contractor, accountant, administrator, or business professional in the construction and home service industry, then this course is not for you.
YOUR INSTRUCTOR
Randal DeHart
Randal is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert, and Xero Accounting Specialist.
This combination of experience and skill sets provides a unique perspective that allows him to see the world through the eyes of a contractor, Project Manager, Accountant, and construction accountant.
This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves.
He Is A Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development.
His exhaustive study of several leading experts, including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis, and dozens of others, was the foundation upon which our Construction Bookkeeping is based and continues to evolve and improve.
