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NSW · 3 points

Bookkeeping for Builders

Financial control for building businesses: project-based bookkeeping, progress payments and retentions, subcontractor tax compliance, payroll and super, BAS obligations, and the monthly reports every builder should read. Includes the common bookkeeping mistakes that sink building companies.

  • Business management
  • Phone-friendly, progress saves as you go
  • Assessed — unlimited attempts
  • PDF certificate on completion

Buy this course · $49.00 or save with a points pack

Building businesses rarely fail because the building was bad. They fail because a profitable-looking year was actually funded by the deposit on the next job, and nobody noticed until the deposits stopped. Project-based work makes ordinary bookkeeping misleading: money in hand is not margin, and a job that is 60 per cent invoiced may be 80 per cent spent.

This course covers financial control for a building business specifically. Project-based bookkeeping so you can see the position of each job rather than the bank balance, progress payments and retentions and how they distort cash flow, subcontractor tax compliance, payroll and superannuation obligations, BAS and record-keeping requirements, and the reports worth reading monthly. It is written for the builder who does the books or checks them, not for an accountant.

It is filed under the NSW Business management CPD topic and earns points at the 1-point-per-hour tier under the NSW scheme.

Financial control for building businesses: project-based bookkeeping, progress payments and retentions, subcontractor tax compliance, payroll and super, BAS obligations, and the monthly reports every builder should read. Includes the common bookkeeping mistakes that sink building companies.

You'll learn: Run compliant, project-based books for a building business — tracking progress claims, retentions, subcontractor obligations and cash flow — and know when to escalate to an accountant.

  • NSW: 3 points (Business management)

What’s inside

  1. About this course
  2. Introduction
  3. The Purpose of Bookkeeping in Construction
  4. Key Bookkeeping Responsibilities for Builders
  5. Financial Reporting
  6. Managing Progress Payments and Retentions
  7. Subcontractor Management and Tax Compliance
  8. Consequences of Non-Compliance
  9. Single Touch Payroll (STP) Reporting
  10. Tools and Software for Construction Bookkeeping
  11. Choosing the Right System
  12. Security of Payment Act 1999 (NSW)
  13. Common Bookkeeping Mistakes in the Building Industry
  14. Key Takeaway

Plus 3 knowledge checks, 1 drag-and-drop task and an assessment at the end.

Reviewed by a NSW building practitioner.

Buy this course — $49.00

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Disclaimer

The information provided in this course has been prepared using best endeavours to ensure that it is accurate, current and relevant at the time of publication. However, building legislation, regulations, standards, codes, policies and their interpretation may change over time and, in some circumstances, may be subject to interpretation or vary depending on the specific circumstances of a project.

The information provided is intended as general educational guidance only and should not be relied upon as a substitute for project-specific professional advice or verification.

Builders, contractors and other industry professionals are encouraged to independently verify the applicable requirements for each project, including the relevant legislation, regulations, standards, approvals and authority requirements, having regard to the specific site, building, construction method and circumstances.

PointCPD makes no representation or guarantee that the information provided will be applicable to every project or circumstance and recommends that participants seek appropriate professional or regulatory advice where clarification is required.

Questions about this course

Who is this course for?

Licensed NSW builders running their own business, whether they keep the books themselves or want to read what their bookkeeper produces.

Is this tax or accounting advice?

No. It explains the obligations and the practices that keep a building business solvent and compliant. For your own tax position, use your accountant.

Does this course count toward my NSW builder CPD?

Yes, as interactive learning on the approved Business management topic from a provider with industry expertise, at the 1-point-per-hour tier under the NSW scheme.

Do I need accounting software to follow it?

No. The principles apply regardless of the software, and the course covers what any system needs to show you.