The Basics of Construction Accounting
The housing and land market is going crazy and is only expected to increase in volume here in McDowell County. Since making the list of Best Places to Retire by Condé Nast Traveler and the influx of people fleeing nearby counties, the construction industry is seeing some action. When scaling up your contractor business, accounting is a great place to start to enable growth without hiccups. When deciding it’s time to make the transition from standard accounting methods and tools to construction-specific accounting methods and tools, it’s best to start by reviewing the fundamentals of construction accounting and what role it will play in the contractor’s business. Industry leader and DelTek VP John Meibers is hosting a free webinar covering the basic of construction specific accounting that will get your business poised to handle the growth. When a contractor conceptually understands the basics of construction accounting it accelerates the contractor’s ability to build upon that knowledge effectively.
In this session, you will learn:
- The construction company structure and what key partners to include
- The basics of debits and credits
- The different types of accounting and revenue recognition methods
- An overview of job costing and why it should function as the center of your business
- What key financial reports are critical to your financial success
John MeibersVice President & General Manager
Deltek + ComputerEase
John has been a leader at Deltek + ComputerEase and thier 6,000+ users for over 20 years. In today’s rapidly changing, fast paced world, a big part of John’s role is to ensure that Deltek + ComputerEase equips customers with the most cutting-edge technology. Prior to Deltek + ComputerEase, John spent 10 years working as controller for a large mechanical contractor.
