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Builder's Guide to Accounting, Revised Edition

Product Code/ISBN: 9781572181052

This practical guide to construction accounting methods shows how to meet state and federal accounting requirements, explains depreciation rules, and describes how the Tax Reform Act can affect the way you keep records. Full of charts, diagrams, simple directions and examples, to help you keep track of where your money is going.

Builder's Guide to Accounting explains everything you need to set up and maintain a construction accounting system for your company!

Use the Study Mode to make studying for the exam much easier, and Exam Mode to practice your skills. Recommended reading for many state contractors exams. Each chapter ends with a set of test questions, and a CD-ROM included FREE has all the questions in interactive self-test software. This CD-ROM also contains an interactive study guide that helps you review material in all the chapters in a way that's almost fun.

Table of Contents:

  • Section One: Sales and Accounts Receivable
    • Why Keep Records
    • Accounting Methods
    • Cash and Charge Sales
    • Managing Receivables
    • Bad Debt Procedures
    • Sales Records and Cash Budgeting
    • Sales Planning
    • Planning for Profits
  • Section Two: Costs and Expenses
    • Check Writing and Recording
    • Accounting for Materials
    • Payroll Accounting
    • Overhead Expenses
    • Equipment Records
    • Cash Budgeting
    • Cost and Expense Records
    • Accounting for Costs and Expenses
    • Petty Cash Funds
    • Balancing the Checking Account
    • Accounting for Estimates
  • Section Three: Financial Statements
    • Recording Before the Event
    • Financial Statements
    • Using Financial Information
    • Financial Ratios
    • Putting Together a Statement
    • Comparative Period Statement
    • Restatements by Accounting Methods
    • Statements by Job
    • Statements for Loan Applications