Payment Academy
Construction Financial Management 101 with Steven J. Peterson
In this free course, learn the basics of financial management in construction — from the guy who literally wrote the book on the subject.
Enroll today
About this course
In this course on construction financial management, Steven J. Peterson will give you a solid understanding of the financial and accounting processes that keep your business on track. He will explain in detail the financial statements that construction businesses need to access capital, increase their bonding capacity, and grow their company.
Enroll today- Certificate at completion
- 100% online courses
- Complete at your own pace
- Beginner to intermediate level
- No textbooks required
What you’ll learn
The basics of construction accounting
Set up your accounting system to track income and expenses accurately
Creating and reading financial statements
Generate financial statements and use them to make informed business decisions
Managing transactions and cash flow
Record retainage payments and track underbillings and
overbillings
Measuring success with financial ratios
Use your financial data to track performance over time, spot warning signs, and grow your business
Course outline
- Why construction companies fail
- How construction financial management is different
- Who is responsible for financial management?
- Introduction to construction accounting
- Accounting methods in construction
- Building a balance sheet
- Creating an income statement
- Common accounting transactions
- Cash flow management
- Risk ratios
- Efficiency ratios
- Profit ratios
Sign up now to start this free course
Enroll todayAbout the instructor
For 15 years, Steven J. Peterson worked for contractors, government agencies, and developers as an estimator, superintendent, and project manager. He became an expert on tracking financial performance and building accounting systems to help companies succeed.
More recently, Steven has been a professor of construction financial management and accounting at Weber State University in Utah. Now, he runs a consulting firm to help construction businesses make smarter financial decisions.
Visit SJ Peterson's Linkedin
Why we made this course
Construction is a tough business, with one of the highest rates of failure of any industry. Contractors and suppliers face a lot of unique financial challenges — things like retainage, inventory, progress payments, and long payment delays that can drain the company’s cash reserves.
A lot of companies struggle — and ultimately fail — because of poor financial management. These challenges are difficult for everyone — even financial experts who have been trained in another industry. Our goal is to help you learn the skills necessary to protect and grow your construction business.
Discover more resources
I had a large invoice that was 120 days past due, and no one was picking up the phone or responding me. The day I started using Levelset, I got paid!”
Wendy Hilton,
Concrete Related Products
Free educational courses for construction professionals
Sign up today to start learning how to get paid faster, improve cash flow, and build successful relationships in the construction industry.
View all courses
More resources
Attend an event
Upcoming events are being scheduled.
If you have an idea for a course or would like to become a Credit Management Academy instructor, please reach out to us by sending an email to creditacademy@levelset.com. We are always looking for more course ideas and teachers!
Search contractor reviews
See GC payment profiles & reviews
Join the community
Join the free, online community built for credit managers.
Connect with fellow credit professionals, swap best practices and explore resources to help you in your day-to-day.
