At Carpenter & Company, CPAs, we are construction industry specialists. Our construction contractor industry seminars are specially targeted to the unique needs and considerations of this industry. We offer a variety of classes on various accounting, tax and business building strategies for contractors.
Contractors Boot Camp is a comprehensive, 2-day workshop designed to help you gain the tools and knowledge to help you run a better business in today's tough economic times.
Day 1 is designed to help you implement construction office best practices into your business to finally gain control of your finances. It is construction bookkeeping and office survival training and includes:
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Terms and acounting concepts unique to the accounting industry
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Standard procedures and checklist for construction bookkeepers
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Payroll reporting requirements for Federal and State agencies
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Key components of a job cost system
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Working with retainage receivable and payable
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Construction office best practices, including filing systems
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Taking a construction office paperless instantly for a lot less money
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Creating a construction-specific chart of accounts
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Setting burden rates and covering overhead in your jobs
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Setting up a records retention policy for your company
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Employee versus independent contractor
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Doing business in other states
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Sales tax issues for contractors
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Computer backup procedures
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Monthly adjusting entries
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Methods of accounting explained, including percentage-of-completion
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Job reports for bonding companies
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Performing monthly and yearly accounting close
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Remote access to accounting records
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The easy way to create an accounting manual for your company
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Tracking and projecting cash flow for a construction company
Day 2 helps you get the most from QuickBooks. Construction-specific training you won't find anywhere else.
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Job costing - you will learn how to track estimated versus actual job costs as you complete the job - not after it is over and it is too late to do anything about problems or overruns.
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Cash flow and budgeting - Tools for seeing the cash flow picture in the near term, not when you run out of cash - to help you prepare in good time and bad.
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Pay request management, AIA billings and handling retainage - How to make sure you are billing everything you should - and collecting retainage due.
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Creating a reporting tool and tracking system that will keep you on top of your job profitably in real time - a vital tool to help ensure your next bid is on target and profitable.
Contact us today to discuss any of our seminars in more detail or to answer any questions you may have, or to tell us of any topics you'd like us to speak on in the future.
