NEW ORLEANS, June 15, 2022 (Newswire.com) –
Levelset, the leading construction payment technology provider, today announced the launch of a free online college-level course that introduces the fundamentals of construction financial management. Levelset’s newest online Payment Academy course, Construction Financial Management 101teaches the unique financial and accounting processes that keep construction businesses on track.
The video course is led by Steven J. Peterson, professor and author of Construction Accounting and Financial Management. The course equips construction business owners, accountants and even future construction professionals with the knowledge and skills to manage the financial aspects of a business.
“In construction, we have to deal with several issues such as retention, cost of work, equipment tracking and IRS rules for long-term contracts that most other industries don’t have to. manage,” Peterson said. “Unless our management and accountants are familiar with these issues, the company’s mishandling of these issues can be costly. This course is designed to provide the skills needed to make a profitable construction business.”
Like all Payment Academy courses, Levelset offers the Construction Financial Management 101 free of charge. Learners can take the course at their own pace and get an official certificate after successfully completing the course. Over 12 video lessons, learners will master creating and reading financial statements, managing transactions and cash flows, and tracking business performance with financial data.
Jonny Finity, Senior Content Manager at Levelset, said: “This type of program and teaching is usually only accessible on college campuses or through organizations that charge fees. We are proud to launch a course that rivals the quality of paid courses and is accessible to We look forward to seeing how this certification will propel the careers of construction finance professionals and businesses.”
Construction Financial Management 101 is open to current and future professionals and can be viewed at levelet.com/construction-finance/courses.
About Steven J. Peterson
Steven J. Peterson has 15 years of hands-on experience in the construction industry, working for contractors, government agencies and developers as an estimator, superintendent and project manager. He became an expert in monitoring financial performance and building accounting systems to help businesses succeed and founded Peterson Construction Consulting Services, LLC in 2008. For over 22 years he has taught financial management and accounting of construction at Weber State University in Ogden, Utah. Peterson is the author of Construction Accounting and Financial Management (Pearson, 2020), Construction Estimation Using Excel (Pearson, 2018), and Pearson’s Pocket Guide to Construction Management (Pearson, 2012), and the co-author of Estimate in building construction (Pearson, 2019). Peterson received a BS in engineering and an MBA from the University of Utah.
About Levelset Payment Academy
Levelset launched Payment Academy in 2020 to address the need for free, quality, and accessible payment and financial education in the construction industry. With five courses in the current catalog, Payment Academy empowers entrepreneurs across the country to become experts at getting paid and growing their business. The free platform uses lessons, exercises, instructional videos, and quizzes to earn certification, distinguishing the holder as a construction payment expert. To learn more about Payment Academy, visit levelet.com/payment-academy
Levelset’s mission is to enable entrepreneurs to always get what they earn. Levelset’s products help millions of people in the construction industry make payment documents and compliance more accessible, get money faster, monitor risk on jobs and contractors, and better understand payment processes and rules. The results are faster payments, access to capital and fewer surprises. Founded in 2012, Levelset is based in New Orleans, Louisiana, with offices in Austin, Texas, and Cairo, Egypt, and is owned and operated by Procore Technologies, Inc. For more information, visit www.levelset.com.
Source: Levelset, a Procore Company