Your Contractor Bookkeeping Basics Course
Many times relatives are recruited to “do the books” without understanding bookkeeping.
Or you hire a bookkeeper who really doesn’t know bookkeeping.
If this is true for your company:
Your books are probably inaccurate.
You probably pay more taxes than you should.
You never look at a P&L or Balance Sheet because you know they are wrong.
You don’t know how much cash you really have.
You don’t know whether your company is really profitable.
….and many more problems.
If your wife, mother, sister, or anyone who doesn’t really understand what actually happens when they enter information into your QuickBooks, Sage, or other accounting software
….then this course is for them (and you).
Contractor Bookkeeping Basics
helps your bookkeeper:
Discover the rules for debits and credits
Create an accurate chart of accounts
Find out what is happening behind the scenes when information is entered into your accounting software.
Identify and avoid the most common bookkeeping mistakes
Produce accurate financial statements
After completing this course, your bookkeeper won’t make common mistakes meaning that your financial statements are more accurate.
Accurate financial statements help you spot minor issues before they become major crises and make better business decisions.
This is a Contractor Bookkeeping Course
It covers proper bookkeeping procedures for:
Plumbing
HVAC
Electrical
Roofing
Landscaping
Any home/business services company
Other issues unique to contractors also included
Labor
Inventory
Materials
Equipment
Other issues unique to contractors
It does not include new construction accounting (work in progress, over and under billing, etc.) or bookkeeping for other types of businesses.
This is NOT a Financial Analysis Course
It focuses solely on the day-to-day bookkeeping activities that are critical to preparing accurate financial statements.
Your bookkeeper’s responsibility is to prepare accurate, timely financial statements and give them to you, the owners/managers, to analyze.
(If you want a financial analysis course, enroll in Building Profit and Wealth or Make Your Financial Statements Fun and Sexy).
This is NOT a course on how to use QuickBooks® or any other specific accounting system. It covers bookkeeping, period….not how to apply bookkeeping to an accounting system.
Contractor Bookkeeping Basics is:
An on-line course with no expiration date. You have access to all of the sessions – for years to come. Review anytime.
One investment per company. Anyone in your company can watch the sessions and do the homework.
If your bookkeeper quits, you can have your next bookkeeper take the course.
Help if needed. After watching the sessions and doing the homework for that session, if you have questions – call us or email us anytime.
Course specifics:
You receive the bookkeeping manual – this is the manual we use during the sessions. Do the homework and you’ll be ready for the next session.
Each session covers one topic – The homework for that session reinforces what you discovered as well as gives you the tools to use in your daily bookkeeping work.
Get a suggested chart of accounts to use. Make sure your accounting software has the proper accounts so you can enter data in the correct accounts…producing accurate financial statements.
Receive 101 Dumb Financial Mistakes Business Owners Make – my book which reveals many bookkeeping mistakes I know your bookkeeper won’t make after completing this course.
Pre- and Post- test your bookkeeper
When you enroll your bookkeeper in this course we will email you the bookkeeping test and answers created by the AIPBA – American Institute of Professional Bookkeepers.
This is your bookkeeper’s pre-course score.
Sixty days (60) after you enroll your bookkeeper, we will send you the post course test and answers. You can see the progress that your bookkeeper made and which, if any, sessions need to be repeated.
Of course, if your bookkeeper finishes the course in less than 60 days, email us ([email protected]) and we will email you the post-test and answers.
Here are the sessions:
Session 1: Cash vs. Accrual Accounting
Session 2: Debits and Credits
Session 3: Chart of Accounts
Session 4: Balance Sheets and Profit and Loss Statements
Session 5: General Ledger and Journals
Session 6: Accounting Procedures
Session 7: Accounting for Prepaid Maintenance Plans
Session 8: Day 1 and Day 2 Activities
Session 9: Day 1 and Day 2 General Ledger
Session 10: Creating the Daily Journals and Trial Balance
Session 11: Financial Statements Compilation
Session 12: Overhead Allocation
Session 13: Cash Flow Report
Session 14: Daily, Weekly and Month End Activities
Session 15: Bookkeeping Mistakes – Payroll
Session 16: Bookkeeping Mistakes – Loans
Session 17: Bookkeeping Mistakes – Inventory
Session 18: Bookkeeping Mistakes – General
Who is Ruth King, the creator of Contractors Bookkeeping Basics?
Since 1981, Profit & Wealth Guru Ruth King has given contractors the tools/processes to get and stay profitable and build wealth.
Ruth has been instrumental in helping business owners understand and profitably use the information generated from the financial segment of their businesses. She has a knack for helping contractors truly understand financials.
She is especially proud of one contractor partnership. Ruth started working with them when they had $750,000 in revenues. Sixteen (16) years later, with her help, they sold their business for $9 million in cash.
Ruth holds an MBA in Finance from Georgia State University and a Class II HVAC contractor’s license (inactive) in Georgia.
She has written many contractor manuals and books including the popular Operations Manuals: Best Practices for Running a Profitable Service and Replacement company.
Ruth is the author of 5 books including the #1 best-selling books Profit or Wealth? and The Courage to be Profitable. Her book, The Ugly Truth about Cash, joined Stephen Covey, Napoleon Hill, Dale Carnegie and 33 other esteemed authors in the top 37 books start up businesses (and other business owners) should read.
Her latest book, 101 Dumb Financial Mistakes Business Owners Make, will be published in Spring, 2023. It is included as part of this course.
Ruth has helped many contractors find and train bookkeepers since 1987.
She can help your bookkeeper through this Contractor Bookkeeping Basics course.
Your Investment
Only $997
One time.
No Expiration date.
As many people from your company as you’d like can participate.
Satisfaction Guaranteed!
If for any reason, you are unhappy with the Contractor Bookkeeping Basics Course, simply let us know and we will refund your money, no hassles.
Get the tools your bookkeeper needs to accurately produce your financial statements. You’ll make good business decisions based on accurate data as well as spot and resolve minor issues before they become major crises.
To your success,
Ruth King
Profit & Wealth Guru
P.S. Get started now! You’ll have a more competent bookkeeper who produces more accurate financial statements. Use them to spot minor issues before they become major crises…and make better business decisions.