Accounting & Financial Management for Residential Construction, 5th Edition

Take control of your finances with Accounting and Financial Management. This solid resource for builders, remodelers, developers, and contractors provides detailed information on how an accounting system operates and the basic principles for processing financial data. 150pp.

This fifth edition includes the updated NAHB Chart of Accounts and explains:

• how technology facilitates procedures for such items as accounts payable, change orders, and payroll and how it impacts processing systems
• the impact of additional management reports and how they can enhance and facilitate a manager’s job
• the key measurements that residential construction professionals should track
• the integration of job cost accounting with estimating, purchasing, and scheduling
• the profit center concept for multiple-project companies and its reporting requirements

Table of Contents:

• Contents
• About the Author
• Acknowledgments
• Introduction
• Chapter 1 Designing the System and Choosing an Accountant
• Chapter 2 Basics of Accounting
• Chapter 3 Accounting Methods and Terms
• Chapter 4 Chart of Accounts
• Chapter 5 Bookkeeping Procedures
• Chapter 6 Internal Control
• Chapter 7 Financial and Management Reports
• Chapter 8 Financial Analysis
• Chapter 9 Overview of Job Cost Accounting
• Chapter 10 Processing Systems
• Chapter 11 Tips for Multiple-Project Companies
• Chapter 12 Tips for Developers
• Chapter 13 Tips for Remodelers
• Chapter 14 Financial Planning and Budget
• Chapter 15 Technical Aspects of Accounting
• Appendix A Part A Outline of NAHB Chart of Accounts
• Appendix B Part B The Complete NAHB Chart of Accounts
• Appendix C Basic Accounts for Small-Volume Businesses
• Appendix D Basic Accounts for Remodelers