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This workshop has been thoughtfully prepared and recorded – and you can access it immediately. Upon purchase, you’ll receive immediate access to both the online recording and handouts.
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$137
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Get THIS class PLUS
80 More Online Classes for only $197
Covering topics like:
Job-Costing, Construction Accounting, and Profit-Building
Finalizing the Job, Getting the Records Straight,
Collecting What You’re Owed, and Clean, Clear,
Complete Entries & Reports for Spec Home Sales…
Approximately 50 minutes:
- Job’s end: Your primary goals should be…
….. - Getting ready for the end (avoiding last-minute stress
& collecting the right amounts):- Reports to double-check
- Dates to track
- Current and future Bills
- Allowances and Change Orders
- Collections in process
- Special reports required
- After the closing: what you’ll need
- Specific Items you’ll need to establish
- Paperwork and underlying info
- The HUD statement
- 9 critical elements to identify on the HUD statement
- Getting the answers you need
- Sample HUD statement walk-through and step-by-step notes
- Making the entries for spec sales (details, details!)
- The 2 different transactions you’ll need to complete
- Exactly which elements of the HUD statement to enter on each transaction
- How to enter additional closing costs
- How to account for customer deposits that clear at closing
- How to pay off loans and additional interest costs
- How to deal with tax assessments
- How to account for seller concessions
- How to record cash received or paid at closing
- What you need to double-check after you’ve made your entries
- Critical account balances
- Critical report balances
- What to do if balances aren’t correct
- Final thoughts – potential variations in closing scenarios