About This Book
The Builder's Guide to Accounting by Michael C. Thomsett is a practical manual from Craftsman Book Company that helps construction professionals set up and manage bookkeeping systems tailored to the building industry.
Key Features
- Construction-Specific Accounting: Covers industry practices such as percentage-of-completion and completed-contract methods, managing receivables and payables, and organizing a specialized chart of accounts.
- Regulatory Compliance: Addresses state and federal accounting guidelines, depreciation rules, and tax regulations.
- Practical Tools: Includes charts, diagrams, blank forms, end-of-chapter questions, and self-test software.
Common Uses
- Contractor Licensing Exams: Widely required or recommended for state contractor business and finance licensing exams, including Florida's.
- Small Business Management: A plain-English reference for self-employed builders, subcontractors, and developers who need to understand financial statements and track project profitability.
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Practice Tests Using This Book
This book is required or recommended for 1 licensing exam. We've written 136 practice questions directly from this material, each one citing the chapter and section it comes from.