This course is designed for accounting professionals who are new to the construction industry as well as construction industry professionals who want or need a better understanding of construction accounting processes, construction cost management systems, job costs and job cost reporting, work-in-progress (WIP), and the most important elements of a contractor’s financial statements. This course introduces the key processes and practices that make construction accounting unique.

As a subcontractor, ongoing concern about financing your clients’ projects is paramount. You’re funding the job and doing the work before you’re paid — and getting paid isn’t easy. In fact, only 5% of subcontractors report being paid on time consistently, and the average invoice age in construction is 90 days — it’s time subcontractors buck the status quo. During this webinar, subcontractors will gain valuable insights and practical tips on how to improve their cash flow on projects. Learn the top five insider tips for getting paid faster and managing cash flow better on projects. With the knowledge gained, attendees can identify and address the main causes of payment delays, enhance their financial management skills, and ultimately improve their company’s bottom line

Cash is king and managing cash flow is just as important as managing the job. No matter how great a job is running, if the money is not coming in to pay the bills, a contractor can be one job away from disaster. This course covers cash management concepts, from debt management to managing excess cash, from internal controls to cash forecasting.