Foundation Software and the Construction Financial Management
Association (CFMA) Co-Sponsor Construction Reporting Workshop
for Local Ohio Contractors
Foundation Software's
CEO/Chairman Fred Ode to present "The
Fundamentals of Construction Reporting" on September 12 th at the
Holiday Inn, in Independence , Ohio.
August 8, 2006. Cleveland - For
Immediate Release : Foundation Software, a
national developer of construction accounting systems, along
with the Construction Financial Management Association (CFMA)
Northeast Ohio chapter, will jointly sponsor a management-level
educational workshop entitled, " The Fundamentals of Construction
Reporting. " The workshop will be held on September 12
th at the Holiday Inn in Independence , OH . Presented by Foundation
Software's Chairman/CEO, Fred Ode, the workshop was designed
to help construction owners and managers understand which reports
they should be analyzing and how to interpret the information.
The September 12 th workshop, which runs two hours in length
with additional time allocated for questions and review, will
be offered in morning (breakfast provided), afternoon (lunch
provided) and evening (appetizers provided) sessions. The cost
to attend is $49 and seating is limited to the first thirty registrations
received for each session time.
Fred Ode had these comments about
the value of the workshop to contractors; "Having met with literally thousands of construction
owners and managers over the last 25 years, I have come to understand
that most do not come to this business with a background or expertise
in accounting. Regardless of how skilled a contractor may be
at his or her particular trade, it also takes some 'numbers knowledge'
in order to compete in today's construction market. I've designed
this course to cover the basic management-level reports every
contractor should understand - and use-to run a successful construction
business."
The Fundamentals of Construction Reporting workshop
will follow a logical progression from traditional financial
reports (Balance Sheet, Income Statement, Overhead Allocation)
to most-used management reports(Over/Under Billing, Percent-Complete,
etc.) and complex job costing reports (Variance, Projected Costs
to Complete, Labor Productivity, etc.) Sample contractor reports
will demonstrate the unique nuances and complex accounting issues
that can influence accuracy and business decisions. The workshop
will include a discussion of how technology, specifically job
cost accounting software, can automate these reports for contractors.
A demonstration of routine daily accounting activities - from
setting up a new job, processing payroll, tracking equipment,
entering accounts payable, and more-will highlight how technology
can increase efficiency and automatically provide all the essential
reports contractors need.
"The good news for contractors, even non-finance-types, is that
they can come to know and understand their company reports and
numbers," Ode said. "Even better news: today's technology offers
the tools to automatically produce sophisticated job cost reports
at reasonable costs."
About the Presenter: Fred
Ode is founder and Chairman/CEO of Foundation Software, Inc.
He started the company in 1985 after spending several years
developing customized software systems for the construction
market. Ode has managed the growth and development of Foundation - from
a start-up company to a leading supplier of construction accounting
software. The company today serves thousands of clients from
a wide variety of construction trades.
Ode is a well-known author and speaker on various topics related
to construction, accounting and technology. He is a contributing
writer for various industry journals including Construction
Executive, Construction Accounting & Taxation, Construction
Business Owner, and Builders Exchange, The Magazine . His
most recent speaking engagements include presentations at the
2006 World of Concrete, the 2006 ABC Education Conference Technology
Theatre, as well as various roundtable and panel discussions
at industry tradeshows.
Foundation Software, Inc.T - Since 1985, Foundation
Software has helped thousands of labor-intensive contractors
improve their accounting, job-costing and overall financial management
with Foundation for Windows construction accounting system. Foundation
uses powerful Microsoft ® SQL technology, which provides
robust reporting, ease of use and superior data flexibility.
The software suits a wide range of construction trades. For information,
visit us online at www.foundationsoft.com or
call (800) 246-0800.
Contacts:
Tracie Kuczkowski, ext 222
tak@foundationsoft.com
800.246.0800
