Loading Events

« All Events

Administration & Accounting Academy

September 10, 2020 @ 1:00 pm 5:00 pm

Administration & Accounting Academy
This is a 12-hour series of courses taught over three days, September 10, 15 & 17; 1 pm to 5 pm. 

Classes:

(Sept. 10; 1 to 5 pm) Financial Statements – Understanding the Concepts &
Audits — How to Navigate through the Process

  • Balance Sheet – the company’s statement of Net Worth
  • Income Statement (or Profit & Loss) – the report card on the company’s performance
  • Statement of Cash Flow – “Cash is King”
  • Basic Industry Ratios – Used by lenders, customers and suppliers
  • Insurance Audits – Worker’s Comp, Liability & Auto
  • Financial Audits – Required for larger contracts and certain public work qualification
  • Unemployment Audits – Routinely performed by the State of Md.
  • Sales & Use Tax Audits – Not frequent, but intense and laborious when they occur
  • Unclaimed Property – Often overlooked by businesses
  • Job Audits – Requested by owners, public agencies and other stake holders
  • DOL/DLLR Audits – Payroll, Worker Classification, Employee Records, Wage Restitution

(Sept. 15; 1 to 5 pm) Contractor Compliance – Record Keeping & Reporting &
Tax Reporting – What you need to understand to minimize cost and avoid excess taxation 

  • Lien Waivers
  • Wage Scale, Certified Payroll
  • Maryland Apprenticeship Training Fund
  • MBE Participation
  • Certificate of Insurance
  • Bonding
  • W-9 Forms
  • Personal Property Tax – planning ahead and accurate reporting
  • Payroll Taxes – Accuracy and timing are critical
  • 1099s – who should get one, and who should not
  • Work Opportunity Tax Credit – who qualifies and how to secure tax credit

(Sept. 17; 1 to 5 pm) Job Costing – Why it’s important and how to track costs &
Accounts Receivable and Accounts Payable

  • Measurement of job profitability
  • Organize costs by Job, Phase or Division, Cost Code and Cost Type
  • Construction specifications Institute Division Codes
  • Estimated cost compared to actual costs
  • AIA Progress Billings
  • Customer payment and cash flow
  • Common issues that delay AR processing
  • Purchase Orders, Confirmation & Approval, Invoice payments
  • Internal Controls and fraud protection
  • Avoid AP errors that can cause over-payment

ABC Baltimore

1220 E Joppa Rd, Suite 322
Towson, MD 21286 United States

Tickets

The numbers below include tickets for this event already in your cart. Clicking “Get Tickets” will allow you to edit any existing attendee information as well as change ticket quantities.
Members
Please note that member pricing is for ACTIVE paid Baltimore Chapter participants only. Each chapter of ABC has its own staff, budget & President.
$ 425.00
Prospect Members
Please note that prospect pricing is available to individuals who wish to attend an event to see if membership is a good fit for their organization. After attending one event, the expectation is to meet with ABC to discuss joining.
$ 725.00