From Carol King, the developer….. “TO YOUR ACCOUNTING TEAM: I have been there and can totally relate to setting up a system of workarounds and Excel spreadsheets to deal with all the number-crunching needs of home building. AND that you DO NOT want to rattle your system by replacing your accounting software. I was the same way when I worked as a controller for a home builder. However, IF you do spend a lot of time re-entering your accounting data into Excel spreadsheets, you might want to see how I was intent on giving you the tools to make your job so much easier. Please watch the 2 videos below, especially the 2nd one. It’s for you.”
The 2 videos below show how CHS tackles the very UNIQUE & COMPLEX accounting needs of home builders and eliminates the need for all those spreadsheets. Both videos are good for your outside CPA to review to see how much CHS will do for YOU while at the same time producing the reports they need to review your books and prepare your tax return.
Part 1 is an overview that shows how the builder can receive quick management info without having the accounting team create all those spreadsheets! Instantly see where job costs, variances, and gross profit BY JOB are heading every day. Get instant Cash Balances by job. Produce quick draw request billings based on the contract type (like Costs Plus Builder Fee, Costs Plus Markup, or Fixed Contract). Click a button and see the Contract Balance today, for any job, based on its contract type.
Part 2 is a more detailed tutorial that your accounting team will relate to. Some subjects it covers are:
Different methods of accounting for construction businesses
Chart Of Accounts that is designed to handle your accounting method
The set up Help for accounting and job costing in CHS
Percentage Of Completion tool that gathers those POC totals and makes it easy to post the POC journal entries for each job.
Trial Balance with job totals for each account
Accounts payable data entry made for entering job cost data ONE TIME!
How CHS gives you ways to handle unique monies received, like lot draws, and job closing money, and to capture the related job costs at the same time
The job closing window that instantly gathers totals for the job and has tools to post the job closing journal entry
General liability insurance , workers comp, ALERTS and Audit Reports
and so much more…….