Aug 28, 2015
It is important to understand the difference between Professional Bookkeepers, Regular Bookkeepers and Bad Bookkeepers.
Professional Bookkeepers invested the minimum of 10,000 hours that it takes to master the profession. And they continue to learn, and educate themselves with formal and informal class room training, seminars, webinars and related tools
Regular Bookkeepers learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for them and you. They have good intentions and do not want to cause contractors any grief and they are sincere with their apologies. Of the thousands of Regular Bookkeepers I have met they all have good hearts and really do mean well.
Bad Bookkeepers also learned most if not everything they know about bookkeeping by experience and by letting you pay for their education in the form of excess taxes, fines, penalties, un-invoiced work, overpaying bills and late fees. It is painful for you but not for them. They have bad intentions and will cause contractors as much grief as possible and are quick to blame everyone else when something goes wrong. Of the dozens of Bad Bookkeepers I have met they all have a bad opinion of contractors and business in general.
1. They train the contractor like an organ grinder trains a monkey, click here to learn more
2. They refuse to invest time and money in continuing education because they know everything
3. They are passive aggressive and will study you and your staff to learn how to manipulate everyone
4. They are masters at gaining power over you, your staff, and new employees and outside suppliers
5. They hate change and will fight tooth and nail to stop it or they will destroy your company
6. They know you're responsible for taxes, fines, penalties and interest; so this is where they get even
7. They know how to increase your quarterly tax return costs, click here to learn more
8. They understand that bookkeeping is 90% repetitive transactions and 10% complex transactions
9. They don't know what to do with complex transactions, so they put them wherever they feel like
10. They have side jobs working for other companies or an entire bookkeeping business on the side
11. They decide how much integrity, if any, your company has and they tell everyone who will listen
12. They create a miserable work environment causing turnover in your staff which costs you money
13. They make your customers and clients feel unwelcome and unappreciated which costs you money
14. They act as if they are serving time in jail and do the minimum required to keep their job
15. They say things to suggest businesses are bad and construction company owners are the worst
16. They are jealous of your success and even more so if they ever had a failed construction business
17. They don't learn anything new, whys should they, nobody is reviewing the QuickBooks
18. They never learn anything new unless the company pays for the training and it is on the clock
19. They quit when the tax return is being prepared because QuickBooks is a mess and they're caught
20. They come in a little bit late every morning and leave a little bit early to make up for it
21. They bait you with drama, nasty comments and minor actions to find your tolerance limit
22. They get even with you for every perceived injustice against themselves and society as a whole
23. They keep you busy with lots of mindless crap to divert attention from why the books are a mess
24. They let you think you are in control of the bookkeeping and the bookkeeper until it is too late
25. They make you think they are looking out the best interest of the company!
26. They let the work expand to fill whatever time you are willing to pay them to get it done
27. When they quit or get fired expect to hear: “Chaos, panic and disorder...my work here is done”
28. They become indispensable in order to take time off whenever they please and hold you hostage
29. They negotiates for additional perks, benefits, changes, and elimination of personal accountability
30. They network for a better job with your clients, suppliers, vendors and your competitors
31. They represent themselves to outsiders as the owner or manager with decision making authority
32. They text, message, e-mail, surf the web, chat on the phone and socialize on company time
33. They train you to leave them alone by getting upset or angry whenever you want anything
34. They work hard at causing just enough chaos so owner does not earn more than the bookkeeper
35. When your business fails they tell everyone you were incompetent and they saw it coming
36. They live in a chaotic, neurotic, psychotic, selfish, disorganized, blame game environment
37. They work through lunch to leave earlier in the day (At the office for 7 hours and get paid for 8)
38. What Happens When A Bad Bookkeeper Is Mad At You? Worse Than What Happens When The Cook Is Mad At you!
In The End - Bad Bookkeepers will leave you with: unfiled and unpaid taxes, gasping, upset, with tear stained checks, wide-eyed, stupid, mouth open, standing in the middle of the highway of business success staring at the remains of your business, crashed, rolled over, upside down, in the ditch, on fire, with flames belching from all sides with no hope in sight.
And then things get real ugly as you recall reading The General Contractor And The River Of Construction Commerce and realize all of this could have been avoided!
I have seen bad bookkeepers ruin too many businesses, especially construction businesses. In most cases it was Bookkeeper Incompetence or Bookkeeper Embezzlement and in other cases it appears to me there may have been some deliberate identity theft; however, I cannot be certain.
All I know for sure is that I have witnessed business failures that have led to divorce, families destroyed, finances wiped out and people living on the streets. In a few extreme cases I know of contractors that have taken their own lives and it needs to stop!
I trust this podcast helps you understand that outsourcing your contractors bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking holistic approach to your entire construction company and helping support you as a contractor and as a person.
We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company!
That is all I have for now and if you have listened this far please do me the honor of commenting and rating podcast www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance.
I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast
This is one more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email email@example.com
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In closing, I want to caution you that we may or may not be a good fit for your contracting company. This guide will help you learn what to look for in outsourced construction accounting.
Thank you very much and I hope you understand we really do care
about you and all contractors regardless of whether or not you ever
hire our services.
Bye for now until our next episode here on the Contractors Success MAP Podcast.
Randal DeHart | Contractors Accountant