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Adjusting Income & Cost for Spec Homes, Lots, Completed Contract & Other Jobs (2610/Level 2)


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This workshop has been thoughtfully prepared and recorded – and you can access it immediately. Upon purchase, you’ll receive a link to download a pdf document that gives you immediate access to both the online recording and handouts. ….$137


Timing is Everything – Part II:
Adjusting Income & Cost for Spec Homes, Lots,
Completed Contract, Inter-Company & Owners’ Jobs

Approximately 70 minutes:

  1. Recap of major points from Part 1.
  2. Cheat sheet:  Entries required for different types of jobs (except POC)
  3. Accounts you may need to create for income and cost adjustments
  4. Sample profitability reports before income and cost adjustments
  5. 5 Steps to getting started
  6. Making entries:
    • Permanent entries vs. Temporary entries
    • Personal, internal, or inter-company jobs
    • Spec homes and lots
    • Long-term jobs
  7. When is a job closed?
  8. Sample profitability reports after adjustments (can you find the mistake?)

NOTE:
This is Part II of the “construction income adjustments” series of workshops.
Please see the following workshops for Parts I & III to access additional detailed accounting concepts & procedures:

Learn how to access all of these workshops + live monthly QuickBooks coaching and training