Feb 19, 2016
Has This Happened To You?
Your Construction Company was a bit disorganized and there were piles of paper on the dashboard of your truck, behind the seat, on the passenger seat, on the floor, in every pocket of you coat, shirt, pants and inside your lunch box and on your desk at your home or office?
So you bought QuickBooks thinking it would solve all your paperwork issues and your contractor bookkeeping issues? Instead you found yourself inside a bigger mess and deeper hole than ever because QuickBooks is anything but Quick!
QuickBooks advertisements made it seem so simple that even a child could setup QuickBooks in less than an hour. So you thought I can do this.
I can setup QuickBooks for my construction company and it will magically sort all of the paperwork and do all of the accounting for your Contracting Company in 10 minutes a day or less.
QuickBooks sells software to contractors a little bit like Home Depot sells material to "Weekend Warrior Homeowners" who think they can save time and money by doing construction projects themselves.
Home Depot generates a ton of leads for contractors by putting on Home Depot Free Weekly Workshops & Home Improvement Workshops.
Can a homeowner "Learn To Paint Like A Professional", "Get The
Skills To Install A Toilet", "Learn The Skills To Install A
Backsplash" or "Install A Light Fixture" in a 90 minute class? Of
Does Home Depot sell a lot of material and supplies with this brilliant marketing idea? Of course they do! What normally happens is the homeowner attends the workshop in the morning, buys the parts, goes home, tries installing them, runs into trouble and then calls you!
The same thing happens when contractors buy QuickBooks and try setting up QuickBooks using the Easy Step Interview. You waste a lot of time, money, blood, sweat and tears and end up with a mess and you live with it until the pain becomes unbearable then you seek professional help.
Or worse yet you hire a Cheap Bookkeeper who thinks they know how to setup QuickBooks for Contractors. By the time you figure out they know nothing about Construction Accounting it is too late.
They have driven your Contracting Company off the highway of success into the ditch of destruction, turned it upside down, poured gasoline on it, lighted it on fire, walked away, told everyone that you don't know how to run a business and you are left stranded on the side of the highway, eyes wide open, with tear stained cheeks watching in horror as everything you have worked for goes up in smoke!
QuickBooks Was Never Designed Just For Contractors
It Is Designed To Sell QuickBooks To Contractors
Who Seek Professional Help From ProAdvisors
Who Know EXACTLY What You Want
And How To Setup QuickBooks!
I Love QuickBooks and have used it since it was released as QuickBooks 1.0 DOS® in the early 1992 for roughly $100. It
was ten times better than the custom
built Construction Accounting Software that cost us over $60,000
which we were using for our construction companies and doing the
accounting for few contractors that we were providing bookkeeping
There was a bit of a learning curve; however, having a background in construction with a specialty in construction accounting I was able to make QuickBooks work for us. Today we have an entire system to Setup QuickBooks for any Contractor with annual sales between $0 to $10,000,000.
Fast forward to 2000 when we sold our last construction company and began focusing on growing our Outsourced Contractors Bookkeeping Service is when we really poured a lot of blood, sweat and tears into developing our Contractor Bookkeeping System.
A key part of this Contractor Bookkeeping System was developing a QuickBooks Template that could be used by small Construction Companies from startup to $10,000,000 annual revenue including:
· Custom House Builders
· Speculative House Builders
· Commercial Tenant Improvement Contractors
· Handyman Contractors
· Residential Remodel Contractors
· Trade Contractors
· Specialty Contractors
· Land Developers
· And Contractors Who Do It All!
The biggest challenge was that we understood the difference between Construction Accounting and Regular Accounting at a deep level. Which means we knew why QuickBooks out of the box was not designed to work well with Contractors.
We knew that if we committed enough time, money and resources we could develop our own Customizable QuickBooks For Contractors Template with all of the Chart of Accounts, Item Lists and other enhancements that would work well for any small Construction Company All Across The USA Including Alaska And Hawaii.
Here we are several decades later and our Customizable QuickBooks For Contractors Template is working great and we continue to add dozens of minor enhancements every year.
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 firstname.lastname@example.org
Thinking About Outsourcing Your Contractors Bookkeeping Services?
Click On The Link Below:
This guide will help you learn what to look for in outsourced construction accounting.
Need Help Now?
Call Sharie 206-361-3950
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