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Training Exercises

These exercises follow one company through one project, from the first sign-in to the closed job. Each exercise builds on the one before, uses the real Structally screens, and states the figures you should see. Work through them in order to learn the whole system, or read a single exercise to see a workflow in context.

The Company and the Project

Cedar Ridge Training is a general contractor in Bend, Oregon. It moves its books to Structally on July 1, 2026, with $250,000.00 in the bank, $85,000.00 of equipment and a $40,000.00 equipment loan.

Its first project in Structally is job J-101 Lakeview Clinic Expansion for Lakeview Medical Partners:

Contract $480,000.00, raised to $516,000.00 by one change order
Estimated cost $360,000.00, raised to $387,000.00
Schedule July 6 to October 30, 2026; finished and closed on October 24
Billing Monthly AIA-style pay applications, 10% retainage
Subcontractors High Desert Concrete, Brightway Electric, Summit Drywall (10% retainage)
Suppliers Pine Valley Lumber (purchase order), Cascade Site Services (monthly, no commitment)
Result Gross profit $129,000.00 (25.0%), net income $128,975.00

The Exercises

Exercise What You Do Main Topics
A: Setting Up a New Company Prepare an empty company for business Company details, classes, cost codes, retainage and WIP accounts, opening balances, books closed, users, payment terms
B: Starting a New Project Add the customer and set up the job Customers, jobs, cost codes, original budget
C: Recording Project Costs Commit, bill and pay July's costs Vendors, commitments, bills with retainage, payments
D: Billing the Customer Bill July's progress and collect Schedule of values, pay applications, stored materials, receipts, deposits
E: Managing Change Orders Add an exam room to the contract Change orders, budget revisions, commitment amendments
F: Closing the Month Close September Forecasts, WIP, bank feed, reconciliation, reports, books closed
G: Correcting Mistakes Put four real mistakes right Voids, withdrawals, closed periods, reversals
H: The Complete Project Lifecycle Finish and close the job Final billing, retainage release, closeout forecast and WIP, final reports

Timeline

Date Event Exercise
June 30, 2026 Opening balances; books closed A
July 6 Job starts; budget approved; commitments issued B, C
July 24 to 31 First bills; pay application 1 C, D
August 10 First vendor payments C
August 12 to 14 Change order CO-2 approved; subcontracts amended E
August 25 to 31 First customer payment and deposit; August bills; pay application 2 D
September 10 to 30 Payments, customer payment, September bills, pay application 3 F
September 30 Forecast, WIP entry, bank reconciliation; books closed F
October 5 Insurance premium entered, then corrected G
October 10 to 20 Payments, customer payment, October bills, final pay application H
October 22 to 23 Retainage released both ways; everything collected and paid H
October 24 Commitments and job closed; final forecast and WIP H

Before You Start

  • Use a training company. The exercises post real transactions. Do them in a company set aside for training, never in your live books. Ask your Structally administrator for one; it starts with the standard chart of accounts, as in Exercise A.
  • Your access. Exercise A is done as a Company Admin. The later exercises need Edit access to the areas they use, and the approval steps need a Company Admin or Accountant (see Roles and Permissions).
  • Dates on the screens. The exercises were entered on October 24, 2026, with transaction dates from June to October. Stamps that record when something was done (such as accepted 2026-10-24 or Balances as of 2026-10-24) show the day of entry, not the transaction date. When you do the exercises, those stamps show your own date.
  • Document numbers. Structally numbers documents in the order they are saved. If you save in a different order, or make an extra mistake, your numbers differ from the ones shown; the amounts do not.
  • Mistakes are part of it. Two duplicates entered by accident while the exercises were prepared were kept and are corrected in Exercise G, the way you would correct them in real books.

Key Figures to Check

After Check Expected
A Balance Sheet at June 30, 2026 Total assets 335,000.00
C J-101 Actual to Date 100,000.00
D INV-2026-000001 136,000.00 billed, 122,400.00 due, 13,600.00 retainage
E J-101 Revised Contract 516,000.00
F Net income July 1 to September 30 100,147.41
F Bank reconciliation at September 30 Difference 0.00
H Net income July 1 to October 24 128,975.00
H Operating Checking at October 24 374,175.00