Aug 4, 2017
The horror stories about bad bookkeepers (in-house or as 1099 contractors) are never ending. For this reason, Contractors are reluctant to interview or hire an outside bookkeeper. Many Contractors are frustrated that the person they hired costs too much appears to know less about bookkeeping than the contractor themselves. Contractors I have talked to mention they know very little about accounting and do not want to know more.
You Want Someone To:
THE SYSTEM IS THE SOLUTION!
When Contractors Try To Do The Bookkeeping:
In doing the
bookkeeping themselves; contractors will hook up every app they can
find and set it on automatic and “Hope For The Best. ”Using the
concept of setting it up once and never having to touch it again.
The Contractor is hoping that Magically all the transactions will
automatically download to the proper income or expense accounts.
The reality is not quite that simple.
Everyone is looking to automate their processes. Every minute The Contractor is the time that is taken away from doing something more productive or something more fun. Paperless Bookkeeping is achievable when setup properly. The answer is electronic documents being automatically being sent to someone who knows what to do when the documents are received.
Willingness to follow directions and accept new ideas. It is the difference between using a framing hammer or a nail gun. Both will get the job done. One is a lot harder. Who is the expert in the field?
For Construction Contractors the saying “garbage in, garbage out” applies to their bookkeeping needs. Each level of detail adds more time for the contractor to explain in writing details about the job to someone else.
Ten minutes wasted trying to learn and use QuickBooks is ten minutes wasted. That extra 10 minutes is time you do not have. I could tell you – It’s just 10 minutes. You would roll your eyes up at me, in the same way, I will roll my eyes up at you if you were to tell me that Construction Bookkeeping can be completed in just 10 minutes per day.
We embrace technology and use multiple cloud based and desktop software to provide Paperless Bookkeeping Services to our clients. Our QuickBooks Files using a fully working QuickBooks Desktop Version In The Cloud and accessible to you from any web enabled device wherever you have internet access.
Management Systems that link to your bank, credit card to provide
electronic documents of your transactions. These are not direct
feeds from the bank that cause havoc with your QuickBooks Data
Do not allow or support direct feeds from your financial institution to your QuickBooks Data File. We manage the transactions and enter them properly into your QuickBooks Data File. Again – Garbage In = Garbage Out. All accounting software is designed for the broadest number of customers and if it is trying to be useful to anyone it will be the Tax Accountant’s software.
As fantastic as AI’s (artificial intelligence) are (and I love spell check); the AI (artificial intelligence) does not know everything about everything. Someone has to be able to make a decision, guide the transactions to the proper results.
Example – Home Depot receipts can include, material, supplies, small tools, larger tools, plants, appliances, lumber, truck rental. Construction Accountant knows how to classify these receipts. In accounting, there is no such thing as a miscellaneous expense.
Recommend contractor have a Home Depot and Lowes Accounts. In the world of Construction Accounting Home Depot and Lowes revolving accounts are a credit card account (no different than a Sear account). The beauty of Home Depot and Lowes accounts when we setup our document management programs for our clients – we will see the transaction.
Going Green – Is more than just saving paper. It saves time printing documents, filing documents, owning multiple file cabinets, cases of file boxes for when the file cabinet gets full. Buying hanging folders, file folders, labels, envelopes, notebooks, tabs, and lots of paper.
Every Contractor needs to keep some documents, in the electronic age, spending hours and hours filing paper documents is no longer necessary.
Highly Profitable Contractors Embraced:
here to stay. The question is the quality of results received by
the Contractor is different between the software used from Free to
what may on the surface seem like a Low Monthly Cost. The low price
is not always the same as Good Value at a Reasonable Price
We embrace providing Paperless Bookkeeping Services.
Many of our local clients who are close by choosing to send documents electronically or by bank feeds. Every document that we see automatically from the bank, credit card, primary supplier is one less document The Contractor needs to handle.
We have experienced Construction Accountants, and when we see a document, we know what to do. Continue to develop ways to make it easy for our clients to answer any document questions we have. Always on the lookout for new cloud based software that will “Play Well” with QuickBooks Software
We have been providing Paperless
Contractor Bookkeeping Services for a long
time and we continue to find ways to get the
work done with less burden on our Contractor clients. We no longer
need you to send documents.
We Regularly update our QuickBooks Desktop Chart Of Accounts And Cost Codes as we find enhancements that help us help you. Construction Contractors want to Save Money and Make Money – If we have an idea that will help; we are going to tell you. Every time a Construction Contractor is over-handling a document it costs money.
Construction Accounting is always, always about Being Green – It is the Color of Money.
Looking forward to chatting as we continue to improve our processes.
I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a 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 to 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 do care about
you and all contractors regardless of whether or not you ever hire
Bye for now until our next episode here on the Contractors Success MAP Podcast.
Enjoy your day.
Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or email@example.com
#1 EZ Step Interview inside QuickBooks Setup
#2 Asked Their Tax Accountant To Setup QuickBooks
#3 They Attended A How To Setup QuickBooks Class Or Seminar
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