HYBRID CLASS
Registrants can attend in-person @ The Construction Exchange (2660 William St., Cheektowaga, NY 14227) OR virtually via Microsoft Teams from 8:30am-10:00am.
PRICING
$15/person/class (Member)
$30/person/class (Non-Member)
CLASS CONTENT
Accounting 101 - Construction Accounting Basics (Sept)
Topics include:
- Major Components of the Financial Statements
- Job Costing
- Cash Flow Planning
- Change Order and Claims
After attending, you will be able to:
- Read a balance sheet and income statement
- Properly track job costs
- Explain the importance of the estimating process and its effect on the balance sheet and income statement
- Explain the importance of positive cash flow list and describe strategies for managing cash flow
- Explain the importance of change order management and avoiding claims
Accounting 201 - Contractor Job Costing (Oct)
Topics include:
- In-Depth Contractor Financial Statements
- Job Costing and WIP Reports
- Surety Bonds
- Change Orders
After attending, you will be able to:
- Follow, navigate and understand contractor-specific financial statements
- Read, understand, and be able to prepare a WIP schedule
- Understand the purpose and importance of surety bonds related to construction
- Recognize the fundamentals of construction change orders
Construction Accounting 301 – Advanced Topics (Nov)
Topics include:
- Key Financial and Accounting Metrics
- Sales and Use Tax (NYS) Income Tax
- Income Tax for Contractors
After attending, you will be able to:
- Understand key financial metrics considered by banks and sureties
- Have a basic understanding of NYS Sales and Use Tax as it relates to contractors
- Have a basic understanding of some of the unique aspects of income tax law as it relates to contractors
Presented by Kelly Besaw, CTBK and Mindy Elniski, LVBW