Oct 6, 2017
This Podcast Is Episode Number 0237 And It Will
Be About Hiring A Construction Bookkeeper Is A Great
As a construction business owner, you're likely concerned
about every penny you spend. That's a good thing because you need
to keep track of your income and expenses. It also means, however,
that you might be less likely to hire people who can help your
business. People like bookkeepers, who are great investments for
any small business.
So what does a construction bookkeeper do? Bookkeepers
take care of the daily financial records for your business and make
sure your books balance. They create and send invoices, track
receipts and reimbursements, reconcile accounts, and prepare
specific financial reports. All the frustrating day-to-day
financial stuff that you probably dislike they love.
Construction bookkeepers are an excellent investment for your
small business, for several reasons:
They save you time.
Unless you're great at bookkeeping and enjoy it, you may find
bookkeeping a headache. Chances are, you'll put it off until it's a
massive chore to take on, then take ten times as long to do it.
You'll find it takes you away from other business tasks such as
training staff, networking, or marketing your construction
The time you spend trying to understand your financials could
be better spent on tasks you're good at. A bookkeeper should be
more efficient; they won't have as many errors, and in the long
run, can save you a lot of stress.
Your time—and your sanity—are worth the cost of a
They are experts in their field.
Are you up to date on the various tax laws and fully aware of
how they affect your business? Bookkeepers are. They can advise you
about any changes to the tax laws and what those mean for your
Bookkeepers can also provide you with insight into your
company's financial situation. If you're overspending in a
particular area or need to reallocate funds, your bookkeeper will
tell you. If there's something you don't understand about your
financial situation, your bookkeeper will explain it to you, so
your financial situation isn't a mystery.
They prevent errors.
Because bookkeepers are experts in their field, they won't
make the same mistakes you'll make. Those mistakes might seem small
at first, but data entry errors, mixing up expenses, and other
errors can add up, costing you money.
They help you get paid.
As a construction business owner, you might have so many other
tasks that the ones that ensure you get paid—like sending out
invoices—fall off the priority list. How many small business owners
can say they've never been late sending out an invoice?
Your bookkeeper makes sure your bills are paid on time, and
all invoices are sent out promptly. If your invoices aren't paid by
their due date, the bookkeeper will be on top of it.
Is there any better investment for your trade business than
one that makes sure you get paid for the work you do?
The services a construction bookkeeper provides can help you
financially in the long run. They also prevent many headaches and
save you valuable time.
As a contractor, there's no way you can be an expert in all
aspects of running your business. If you don't like bookkeeping or
don't have the time or knowledge to do it well, a bookkeeper is a
valuable resource and an excellent investment for
About The Author:
Sharie DeHart, QPAis 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.
Call 1-800-361-1770 or firstname.lastname@example.org
About Outsourcing Your Contractors Bookkeeping
The Link Below:
This guide will help you learn what to
look for in outsourced construction accounting.
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
Randal DeHart | The Contractors Accountant
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