Beyond Boot Camp: Tax Accounting vs. Decision Making Accounting

***This is a Service Nation Alliance exclusive training course.***
To obtain informaton about being a member of Service Nation Alliance, please call 877-262-3341.

When

Tuesday, June 11th, 2024

Tax Accounting vs. Decision Making Accounting
9:00 AM CST - 2:00 PM CST

Maximizing Your Rebates with Roundtable Rewards
1:00 PM CST - 2:00 PM CST

What is Beyond Boot Camp?

The Beyond Boot Camp series was created to give Alliance members additional information and training that we weren't able to squeeze into our regular Boot Camp. These short online classes will fill in some of the gaps and expand on topics we feel you need to know.

Prior attendance at a live Boot Camp isn't required, but it's recommended. Classes are short, usually 2-3 hours, and anyone from your company can attend.

Where

This is an online event

About the Instructor(s)

Course: Implementing Performance Pay

Trainers: John and Vicki LaPlant

John LaPlant has worked in the hvac and plumbing contracting industry for over 50 years. And Vicki LaPlant has over 40 years in the industry. Both have worked with all sizes of contractors and learned the best practices, systems and ideas from the very best. John received the distinguished Servant Leader award from Service Roundtable in 2012. Vicki became a member of the HVAC Hall of Fame sponsored by Contracting Business in 2017. She received the Tom McCart Consultant of the year award in 2013. And is a recipient of the distinguished Servant Leader award from Service Roundtable. After 20 years of owning a consulting and training company specifically focused on the contracting industry, Vicki and John joined Service Nation in 2016 as business coaches and trainers. The ideas and tools that John and Vicki bring are practical and easily applied in the real world of contracting.

For questions about this event, contact:

Service Nation, Inc.
sntraining@servicenation.com
or call 469-293-8820

Are you struggling between understanding the difference between Tax Accounting and Decision Making Accounting?

The primary role of the accountant, particularly a CPA tax accountant, is to aid your business in properly filing your tax returns and to take advantage of any tax breaks available for the company.

On the other hand, the purpose of decision-making accounting is to organize the company's accounting reports to enable ownership and the management team to make the best decisions to maximize sales, profits, efficiency and productivity. These two accounting methods are not at odds with one another, but the two methodologies usually require a somewhat different structure in the organization of the financial statements.

Register for this Beyond Boot Camp course to identify and master the difference between these two crucial practices.

Key Takeaways:

Classification of Field Labor
Classification of Non-Billable Labor
Monthly Depreciation on Profit and Loss Statement
Dividing Short Term and Long Term Liabilities on Balance Sheet
Classification of Owner Draw/Salary
Determining whether a manager should be captured as cogs or operating expense

What you need to bring:

Attendees must access this online workshop from a computer.
Attendees will also want access to their current format for their profit and loss statement and balance sheet.
If necessary, the trainer will provide tools and templates to the attendees via email (sent to the email address registered) the business day prior to the start of the workshop.

Who should attend this course?

While anyone who is interested may attend this course, the target audience is:

Tax Accounting vs. Decision Making Accounting

Owner/CEO/President
General Manager
Office Manager
Other: Accountant, Bookkeeper

Class Cancellation Policy
On occasion, due to unforeseen circumstances, or for circumstances beyond our control, a class may have to be cancelled. We will avoid these cancellations if at all possible.

One of the causes of a cancelled class may be low enrollment. If a class does not meet the minimum enrollment (can differ by class and circumstance) by two weeks prior to the start date, Service Nation, Inc. reserves the right to cancel or reschedule the class. You can help prevent this situation by enrolling in classes early.

In the event of a cancellation, you will be notified of the cancellation, and any funds paid will be refunded.

Notice of Photographic and Media Recording:

Service Nation, Inc. may take photos and videos during this event. Please let us know if you do not consent.