SESSION TYPE: Building Knowledge session: Semi-Live
VIRTUAL FORMAT: On-Demand
LEVEL OF CONTENT: Advanced
WHO SHOULD ATTEND: Single Family Builders - All Types, Remodelers, Commercial Builders
TRACK: Business Management
Many construction business owners don't fully understand their financial reports; Instead, they rely on a CPA to tell them if they made any money. The problem is that CPAs and builders often speak two different languages. Your accountant talks about Generally Accepted Accounting Principles (GAAP) while you talk cash and what’s in your bank account. These two things are not the same, and it's destroying your profits. In this advanced session, learn how to build profit into every job, set profits aside through a custom cash management strategy and change the way you do business to make your money work. By gaining a better understanding of your financial reports, you can increase profits, make accurate tax payments, eliminate debt and streamline your business.
Open to all registered IBSx attendees. Click on "Get Video" and use your confirmation ID and Last Name to view the replay.
NAHB - 0.75 CE hour(s), NKBA - 0.075 CEU(s)