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Free Construction Accounting Training from Deltek ComputerEase
While a contractor can run their business with standard accounting methods and tools such as QuickBooks®, many contractors reach a point in their journey when it is beneficial to upgrade to construction-specific accounting methods and tools such as Deltek ComputerEase.
As your construction business grows, construction accounting software can support you to proactively manage jobs, obtain financial assistance (loans, lines of credit, etc.), maintain a strong cash position and stay compliant.
Learn Construction Accounting
Back by popular demand, Deltek ComputerEase presents Construction Accounting University, a free six-part construction accounting training series led by industry expert John Meibers, Vice President & General Manager. The online, on-demand classes are designed to guide contractors through the transformation from standard accounting methods to construction accounting methods.
Free Video Series: Construction Accounting University
Take the first critical step towards being a construction accounting expert and jumpstart your journey on making your construction business more predictable and profitable.
What You Will Learn In Construction Accounting University
The Basics of Construction Accounting
- The structure of a construction company and what key partners to include
- The basics of debits and credits
- Different types of accounting and revenue recognition methods
- Job costing overview
- Which financial reports are critical to financial success
Job Costing for Construction
- What job costing is and why it’s beneficial to contractors
- The different types of costs and their role in job costing
- How to track and apply equipment costs to job costing
- Key job cost reports that serve as scorecards for each job and your business overall
How Work-in-Progress Can Work for You
- What WIP reporting is and why it’s important for contractors
- How frequently and how detailed WIP reports should be for your particular business
- The different types of WIP calculation methods and when they are applicable
- How to avoid common WIP mistakes
- How to get started with WIP if implementing for the first time
Get Paid Faster with Cash Flow Management
- The different billing methods that can be used to manage cash flow
- How to create a smooth cash flow experience through the initial contract
- Best practices for collecting receivables to ensure timely payments
- How to manage retainage
- Critical construction cash flow reports and how to spot cash drains
Managing Construction Payroll Complexities
- The variables involved in construction payroll that make it complex
- Best practices for managing prevailing wage/certified payroll and union payroll
- How to manage payroll tax compliance in multi-state and multi-local scenarios
- How to avoid common construction payroll pitfalls
Construction Change Order Fundamentals
- What change orders are and why they are important
- The different types of change orders and where they are applicable
- Best practices for change orders
- Common change order pitfalls
"I am a 45-year accounting professional, and that was one of the best seminar presentations I have experienced in terms of explaining all the various elements pertaining to the subject matter."
Register for the Construction Accounting University
Get Started In Construction Accounting
Learn From a Construction Accounting Industry Expert
John Meibers has over 35 years of experience serving the construction industry. He has been a leader at Deltek ComputerEase since 2000 serving over 6,000 contractors nationwide. In today’s rapidly changing, fast paced world, a big part of John’s role is to ensure that Deltek ComputerEase equips contractors with the tools they need to manage profitability, drive growth, and meet construction requirements. Prior to Deltek ComputerEase, John spent 10 years working as controller for a large mechanical contractor.