Builders Guide to Accounting Revised
Back Cover

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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
• Developers

You won't find incomprehensible economics/accounting theory here. Theory is little help when it's month end and the books don't balance. This book delivers real help that you can use right now. 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
• 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. Test yourself, then check the answers in the back of the book to see how you did.

The author:

Michael C. Thomsett has been a consultant for numerous construction and engineering firms over the last 20 years, specializing in introducing practical business systems for builders and contractors. He is the author of 48 books on business and finance, and more than 500 articles in national trade and business magazines.

His other books for builders are Builders Office Manual, Bookkeeping for Builders, Contractor’s Year-Round Tax Guide and Contractor’s Growth & Profit Guide.

Introduction | Table of Contents | Preview A Chapter