module 3
Construction Accounting Series
This is module 3 in the 4-part Construction Accounting series
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Does Your Construction Business Need Help with Accounting?
When businesses get job costing wrong they don't charge their customers correctly and often end up with cash flow issues and net profit problems. Avoid costly mistakes by getting your job costs right the first time.
Completed Contract vs Percent Completion
Understand the difference between Completed Contract and Percentage of Completion accounting methods so you know when revenue and expenses are recorded on the books.
Set-up & Systemize
- Set up your books the RIGHT way to be able to job cost.
- Learn data entry and month end processes to make sure that you're job costing correctly.
- Learn how to triple check your work FAST.
- Save time by skipping the elaborate spreadsheets.
Job Cost Reports
We will explore the job cost reports in QuickBooks, including the Estimate vs Actual report, a vital component of job cost accounting.
Does Your Construction Business Need Help with Accounting?
Other modules in this series:
Start with the essentials. Build a solid foundation tailored to the unique needs of construction businesses. This module lays the groundwork for the other modules by covering terminology used. With lessons on calculating labor burden two different ways, understanding mark-up vs margin, entering estimates into QuickBooks and what we mean when we talk about slippage vs grippage.
Learn to track every dollar and streamline financial management with precision. This module will teach you how to use cost codes to track income and expenses including estimates, invoices, and entering bills. Students will also learn how to test out new systems before implementation.
Take your skills to the next level with deeper insights and advanced systems. This module will teach you how to perform a solid month-end close with instructions on how to ensure everything has been done correctly.
Student Feedback
I decided to take the Job cost accounting course to really just connect everything I have pretty much picked up from being in the office and around all the job costing talk for years.
This course really connected everything for me and really helped with my knowledge in my company on the financial end and managing end. I gained knowledge in areas I thought I already understood. This class is a great course, and you even walk away with materials to reference.
I look forward to finishing up the budgeting course I'm registered in and their new bookkeeping book.
This course really connected everything for me and really helped with my knowledge in my company on the financial end and managing end. I gained knowledge in areas I thought I already understood. This class is a great course, and you even walk away with materials to reference.
I look forward to finishing up the budgeting course I'm registered in and their new bookkeeping book.
Jena Catts
Douglas and Company Renovations Inc
Investing in your bookkeeping...
...SAVES the company money
Some experts estimate that it costs around 1/3 of an employee's salary to replace them. However, it may cost up to even 3 or 4 times an employee's salary to replace them.
While the experts may disagree on the exact cost, training your current bookkeeper is far more cost effective than hiring a new one.
While the experts may disagree on the exact cost, training your current bookkeeper is far more cost effective than hiring a new one.
...Empowers Your Employees
Your bookkeeper wants to do their job well. There's nothing worse than trying to do a job that you're not properly trained for!
If an employee is not getting proper professional development, they will likely be frustrated and look for a job elsewhere, where they feel more valued.
If an employee is not getting proper professional development, they will likely be frustrated and look for a job elsewhere, where they feel more valued.
...Increases Revenue
Investing in your team improves your company's credibility and efficiency. Both are key pieces to generating more revenue.
Meet Your Teacher...
Jackie is a nationally recognized leader in the field of job cost accounting. She is the co-author of The Remodelers Ultimate Guide to QuickBooks. Jackie has appeared in a number of podcasts and webinars discussing job cost accounting topics and spent six years apprenticing under Judith Miller, one of the icons of job cost accounting, helping construction companies throughout the US and Canada prior to co-founding Brass Jacks.
Eastern Oregon University
JS has worked in Accounting since 2007. She began teaching QuickBooks classes in 2012.
Jackie LOVES to teach bookkeeping and accounting. Enroll today and see why so many people love to learn from her and her fun and engaging attitude!
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