Builder's Guide to Accounting

Builder's Guide to Accounting

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by Michael C. Thomsett
     
 

ISBN-10: 0910460655

ISBN-13: 9780910460651

Pub. Date: 08/01/1989

Publisher: Craftsman Book Company

Are you a builder, not an accountant? Can you manage your crews better than your accounts receivable? Is your time better spent at the jobsite than at a desk piled with accounting ledgers? If so, then this book is for you. It's a comprehensive, completely revised and updated guide to construction accounting. It tells, step-by-step, and in plain English, how to choose,…  See more details below

Overview

Are you a builder, not an accountant? Can you manage your crews better than your accounts receivable? Is your time better spent at the jobsite than at a desk piled with accounting ledgers? If so, then this book is for you. It's a comprehensive, completely revised and updated guide to construction accounting. It tells, step-by-step, and in plain English, how to choose, set up and maintain an appropriate, efficient, and practical bookkeeping system for your construction business. This book will prove invaluable for students studying for contractor's license exams, teachers of contractor's license preparation courses, self-employed builders & construction contractors, and developers. You won't find incomprehensible economics/accounting theory here. You get straightforward, practical information and advice on how to: build a customized accounting system from the ground up, set up an easy-to-use depreciation system that complies with IRS rules; keep records of job costs, do trend analysis & budgeting; handle sales & accounts receivable; set bad debt procedures; manage payroll, materials & inventory; prepare financial statements - when, how, which & why; maintain ledgers and balance sheets; and close the books. For students and teachers, or builders who want to check their understanding as they go along, this new edition includes a self-test section at the end of each chapter.

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Product Details

ISBN-13:
9780910460651
Publisher:
Craftsman Book Company
Publication date:
08/01/1989
Pages:
302

Table of Contents

Sect. 1Sales and Accounts Receivable5
1Why Keep Records?7
2Accounting Methods21
3Cash and Charge Sales33
4Managing Receivables47
5Bad Debt Procedures55
6Sales Records and Cash Budgeting63
7Sales Planning69
8Planning for Profits75
Sect. 2Costs and Expenses83
9Check Writing and Recording85
10Accounting for Materials103
11Payroll Accounting113
12Overhead Expenses129
13Equipment Records143
14Cash Budgeting161
15Cost and Expense Records173
16Accounting for Costs and Expenses181
17Petty Cash Funds191
18Balancing the Checking Account197
19Accounting for Estimates205
Sect. 3Financial Statements213
20Recording Before the Event215
21Financial Statements223
22Using Financial Information233
23Financial Ratios239
24Putting Together a Statement247
25Comparative Period Statement257
26Restatements by Accounting Methods267
27Statements by Job273
28Statements for Loan Applications281
Appendix289
Index315

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