April 6, 13 & May 4, 11 2023 | 2:30 PM US Eastern Time
Four 90 Minute Online Class
Online classes are held at 2:30PM US Eastern Time for 90 minuites on each scheduled day. Classes are limited to 10 companies - $699/company.
In this financial management workshop for company bookkeepers, controllers and company owners & managers, we will spend our time on the following agenda:
Metrics & the Role of the Controller/Bookkeeper
Financial Reporting
Cash Flow Margin vs. markup and pricing formulas for profitability
Operational Reporting & Uses
Accounting Basics:
The NAHB Homebuilder Chart of Accounts
Income recognition methods for homebuilders
How to avoid expense allocations
Common month end and year end journal entries
The best hard copy and electronic filing system for homebuilders
Booking lot purchases, loan set ups and home closings.
Why to keep land activity in a separate entity/division as much as possible.
The timing of your month-end financial statements
Reconciliations
Overview of annual budgeting process
Pricing strategies for homebuilders and an…
Overview of a closed loop PO system.
The SMA financial management experts will lead attendees through the basics of a best practices homebuilder management accounting system.
The session concludes with the topics of purchase order usage and budgeting. We limit attendees to 10 in this workshop to keep the presentation personal and the discussion centered on your needs as much as possible. This program is software neutral (although we do use QuickBooks as our example software). Whether you are an accounts payable manager or a CPA level controller we will reinforce the best practices of homebuilder management accounting.
