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Subcontractors Accounting

Course Outline

Gain an in-depth understanding of Subcontractor Accounting, the measurement and certification of work as well as the variations and contra-charges functionality. This course will build on your basic grasp of procedures and leave you comfortable with advanced features.

Recommended For

Quantity Surveyors, Accounts clerks and Accountants.

Duration

½ day

Pre-Requisites

Acceptable level of experience, with clear understanding of Retention and Variation Management
Computer literacy and keyboard proficiency is assumed

Curriculum

Subcontractors Reconciliation Process
Take on of opening balances
Correcting opening balances
Retentions & Advances
Recon approval and posting
Subcontractors payment procedures
Part payments
Sub Contractors Month End procedures
Reports and reconciliations

Training Subcontractors Accounting (BAC04)