Tuesday, November 5 - Wednesday, November 6
This workshop qualifies for 8.0 CEU credits
1:00PM - 5:00PM EASTERN (10:00AM - 2:00PM PACIFIC)
Most contractors want to grow their profits and their business without losing control. One of the most important elements needed to put your business in that position is simple but too often misunderstood: getting accurate and timely financial numbers.
In this workshop, we will ensure your business has the financial foundation in place to sustainably scale and grow profit. We’ll review crucial information on the topic, including financial terms; the chart of accounts for our trades based on GAAP; cash accounting versus accrual and why to which; the basics of Inventory systems; income statement basics; departmental to GP Line; balance sheet; and cash flow statement. And you’ll walk away with an understanding of key performance indicators by segment.