OC Construction Financial Management Association – Save the Date

CFMA-OC

Attention: OC Construction Financial Managers + Accountants

The OC Construction Financial Management Association will be featuring a presentation from TAG, featuring Robert Scherer.  For 20 years, TAG has been providing construction accounting services and software solutions for contractors and developers.  Team TAG is made up of construction accounting experts and are dedicated to providing financial reports and construction accounting systems in order to monitor and manage the business.

Using your WIP as a Financial Management Tool

Date:  Thursday, May 18, 2017

Time:  11:30 – 1:00PM

Location:  JT Schmid’s Restaurant & Brewery: 2610 E Katella Ave, Anaheim, CA

Register – Members & guests are welcome to attend

Learn how a Work-In-Progress report can be utilized as a monthly financial management tool. This OC construction financial management presentation will offer a review of the key components of a construction financial statement to include:

  • Balance sheet
  • Income statement
  • WIP report

Learning Objectives:

  • Review the use of a WIP report
  • Define the 4 key components of a WIP report
  • Learn the Key Performance Indicators of the WIP
  • Analyze the WIP, including Underbillings, costs on closed jobs and backlog status
  • Learn next steps if you find Underbilled jobs, backlog decrease or trends
  • Review Indirect costs for efficiencies

Register Today! 

OC Construction

Robert Scherer, President of TAG

Rob Scherer is the President and Founder of TAG with over 20 years of business and financial experience planning and managing complex programs for clients in a variety of different industries.  He has worked with companies with annual revenues ranging from $1 million to over $100 million.

Prior to founding TAG, Scherer was the CFO for one of the largest reinforcing steel contractors in California.  His expertise in the construction real estate and development industry has resulted in over 50 national and local speaking engagements on construction financial management and planning.  He is the former President of the Construction Financial Management Association of San Diego and is a presenter for the Association of General Contractors, Association of Subcontractors, Surety Association, and the Association of Builders and Contractors.

Scherer graduated from the University of Central Florida with a Bachelor of Science in Finance and a minor in International Business.  He holds an MBA from San Diego State University.

About TAG:

Founded in 1996 by Robert Scherer, TAG started as The Accounting Group, one of the first outsourced accounting firms in San Diego, now with four offices in California.

In addition to providing outsourced accounting services to contractors, TAG is a Sage Construction Software Authorized Partner and the developer of Contractor V software.

With TAG there is no need to solve difficult construction accounting and software challenges alone.  TAG understands that accurate and timely reporting is the key for success.

Read: TAG and Meridian Development Team Up to Move Millenia to the Next Phase of Growth

Download: When to Choose Construction Software

Contact TAG Orange County