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Back office support can make or break your construction company and that’s where we come in. We can do you the most good by bringing order to your chaotic contractors bookkeeping mess! Most of our clients come to us because they believed they needed someone to straighten up their contractors bookkeeping services system, help them get current or quarterly payroll tax filings, sales tax returns and a variety of other tax issues. That is only the tip of the iceberg! 

The real value in working with us is not just getting you out of trouble now but keeping you out of trouble in the future so that you can focus your time and energy where it will do you the most good…acquiring profitable and pleasant customers and clients and satisfying their needs. 

 

Warm Regards,

Randal DeHart | Premier Contractors Accountant

 

This is one more example of how Fast Easy Accounting is helping construction company owners just like you 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 sharie@fasteasyaccounting.com

 

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

Nov 3, 2017

This Podcast Is Episode Number 0241, And It Will Be About Unique Highly Profitable Contractors Use Job Costing And Financial Reports 

Successful Contractors Find Keys To Growth And Profit In Their Accounting

Halloween is the official Kickoff of the Holiday Season. Kids dress up as anything from Princesses to Pirates and every TV character in between. Time of smiles, giggles and lots of “pixie dust” and “magic wands.” Time for “Santa and his reindeer” to visit the malls with a fresh supply of Cookies and Candy.  

Wait, let's not forget Thanksgiving with Turkey, Dressing, Yams, Mashed Potatoes, Gravy, Fruit Salad, Pumpkin Pie, Ice Cream and lots of Egg Nog. All of this leads to us in January wishing we ate less and exercised more in hopes to keep the pounds on and matched by the pounds off for a net gain of Zero.    

Software and the desire to do everything with our phone is the “Grownup’s Version” of the Candy Store all year long.

  • With a couple of clicks on my phone, I want to Buy Something
  • Pay For Something
  • Get Paid Immediately From My Customer
  • Have all of the money go in or out of my bank account
  • Now how do I then make all the transactions magically go to an accounting system
  • Give me nice detailed reports
  • Help me make simple and complex decisions.

Begin with the end in mind.
Construction Contractors want to know Job Costing on some projects but not on others. How does a Construction Contractor keep it simple to those around them who need to pick up all the loose pieces of paper (paper receipts or electronic documents)?  

Start by thinking about the source and how the supplier can help
Home Depot, Lowes, Major Suppliers will email the priced invoice to you. On each of the invoices is a line with a for the Purchase Order.

Purchase Order crosses over from Packing Slips to final priced invoice.
If the Construction Contractor is willing to Tell The Order Desk something (example job name, customer name, customer address), then there is a foundation for job costing reports. Putting all of the receipts for a single job in a Job Folder or Job Envelope will help if you need to make a material return, find a part number, serial number, color used.  

Many online Project Management, Estimating, Invoicing or Scheduling Programs will allow pictures to be uploaded. Before and After pictures are great. Helps the Construction Contractor look back or the project for missing items that need to be billed. Resell value of the project to the customer.    

In a “Manual Accounting System” or an “Excel Based Accounting System,” all the loose receipt are being added up. If a Construction Contractor loses or files their recap sheet, it is then harder to figure out it a specific job made any money. All the notes are in the folder and who knows where the folder is. 

A favorite tool of mine is TSheets

  • TSheets is an electronic timecard that can track employees in real time with GPS tracking.
  • Are employees on the Job Where You Expect Them To Be?  
  • One tracking method inside TSheets is tied to Workers Comp requirements for your state.  
  • Do you have to report hours by Plumbing, Electrical, Heating, Drywall, Framing, etc.?  

Web Based Online Time Card For Construction Contractors

Links To QuickBooks Job Costing

 

Click On The Image Below To Calculate Your Savings!

Construction Time Tracking Calculator

Fast Easy Accounting

Your Certified TSheets Consultant

 

For Construction Contractors

Across The U.S.A!

Finally! Construction Contractors have a way for your construction workers to submit accurate time cards chock full of the data needed to generate useful Job Costing Reports without the hassle of pen and paper and the excuse that it takes too long because it can be done on their smartphone!

Another method of tracking is tied to tasks that would help with future Estimating.  
Think instead of Kitchen, Master Bath, Main Bath, Powder Room, Deck, Family Room, Den, Man Cave, Patio, Roof, Sun Room, Gazebo, Cabana, Swimming Pool, Shop, Shed, Play Equipment, Landscaping, Rockery.  

Why am I saying track this way? Because when you talk to me about your jobs – You describe the room you were working on. In my experience, When you are looking for a new job you are thinking back on other projects by the room not by how many sheets of sheetrock you are going to be using.

  • It the new project larger, smaller, fancier, simpler than the previous job?
  • Is the new project you are estimating a combination of several other projects?

 

  • QuickBooks Desktop will give you easily Job Profitability Reports.  
  • Did the job make a profit or was it non-profitable?
  • Key things between profitable are the basics.  
  • Did you change sales tax if required
  • Did you charge for Change Orders
  • Did you collect a Deposit and apply it properly

Did you give Notice To The Owner and preserve your lien rights. At the end of the job is not the time to think about it as the window has already passed. If you have Job Accounts or a primary supplier that delivers to the job they will send a Notice To The Owner to preserve their lien rights for material. if not consider zlien.

zlien

ZLien For Construction Contractors

ZLIEN secures fair payment on every project by making lien rights easy.

No printing out forms, no checking mail orders, and no reading tedious legal documents.

"Mechanics lien and bond claim rights are connected to $960 billion in construction payments every year. We help material suppliers, lenders, and everybody in between easily manage these rights. By making lien rights simple, zlien facilitates successful projects, smooth payments, and happy people. Our mission is to enable all project stakeholders to protect their finances and succeed in their jobs, all without a drop of stress" 

Zlien Logo.png

Click here to learn more about zlienThe Mechanics Lien & Construction Payment Platform.

____________________

We recommend using your Phone and apps to track your scheduling and send invoices to your customers. But do not expect a Phone App to replace a Construction Accounting System and give you proper reports.

Any time a software says it will do everything it won’t. Perfect Example is MS Office is a full suite of useful software that we all use every day. For all of the ways Excel is used; it does not replace a formal Construction Accounting System but instead, works with Construction Accounting Systems.

Many QuickBooks Desktop Reports can export to Excel and reverse is true many Excel Lists can be imported into QuickBooks Desktop. QuickBooks Desktop does not do everything which is why many
Construction Contractors will have an Estimating Software with the Building Trades specific tasks and pricing or Dispatch Software with a Time Card feature like T-Sheets which imports into QuickBooks Desktop.

We use an Intuit Approved Commercial Host to provide you with access to QuickBooks Desktop in a mobile environment. This is one of the applications modern contractors need in today’s world. With remote desktop application, internet connection and a tablet, notebook, etc.

Many Construction Contractors can work from their mobile office (front seat of their truck). If their tablet or notebook go traveling without them and their data is safe in the cloud. 

After Hurricane Sandy, I heard many stories where Construction Contractors had their servers in the basement. What got flooded; their basement! When it is time to leave in a hurry; the last thing that is on the short list to remember to take is the server with the accounting data located in the basement.  

Back to happier thoughts, we embrace Cloud-Based products, because many of them can be easily accessed from the phone, tablet, notebook, choice of PC, Mac, and Windows, Android or iPhones.
 
Our Document Management Systems links to your bank and credit card company.

You manage what documents and data we receive by keeping the feeds up and working. We want to do what we do best – Enter the receipts, invoices, customer payments properly into a Construction Accounting System. For Fast Easy Accounting, this is QuickBooks Desktop Version.

Our Goal is to get everything possible out the data provided, so you the Construction Contractor have information to run your business effectively and make a profit. Help us help you grow.  
 
Without proper information – You are just guessing.  We are here to help!  

About The Author:

Sharie DeHart, Fast Easy Accounting Client Support Specialisthttps://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

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 sharie@fasteasyaccounting.com

Contractor Bookkeeping Services All Across The USA Including Alaska And Hawaii

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 Remove Contractor's Unique Paperwork Frustrations

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 the 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.

You Deserve To Be Wealthy Because You Bring Value To Other People's Lives!

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 sharie@fasteasyaccounting.com

Contractor Bookkeeping Done For You!

Construction Accounting Specialists At Fast Easy Accounting 206-361-3950

Thinking About Outsourcing Your Contractors Bookkeeping Services?

Click On The Link Below:

www.FastEasyAccounting.com/hs

This guide will help you learn what to look for in outsourced construction accounting.

Need Help Now?

Call Sharie 206-361-3950

sharie@fasteasyaccounting.com

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 our services.
Bye for now until our next episode here on the Contractors Success MAP Podcast.


Enjoy your day.  
 
Sharie

About The Author:

Sharie DeHart, Fast Easy Accounting Client Support Specialisthttps://www.fasteasyaccounting.com/free-one-hour-consultation-bookkeeping

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 sharie@fasteasyaccounting.com

Our Workflow Removes Your Paperwork Frustrations

For Contractors Who Prefer

To Do Your Bookkeeping

Fast Easy Accounting Do-It-Yourself
Construction Accounting Store Is Open

QuickBooks Setup Templates, Chart of Accounts and Item Lists for Construction Contractors

Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

#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

And QuickBooks Does Not Work The Way They Want It Too!

The Answer:

#1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company

#2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

 

QuickBooks Set Up For Contractors And QuickBooks Chart Of Accounts For Contractors

Short List Of Construction Contractors We Serve

Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting


We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

 

Additional QuickBooks Templates, Resources, And Services

QuickBooks Set Up Templates   Solopreneur

QuickBooks Chart Of Accounts     Free Stuff

QuickBooks Item Lists Templates     Consulting

 

We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed

Please Do Not Be Concerned Because If You Are A Contractor

There Is A Good Chance We Can Help You!

Call Now: 206-361-3950

QuickBooks Chart Of Accounts Set Up General.png

If you are a blogger, who writes about construction we would like to hear from you.

https://www.fasteasyaccounting.com/guestblogger

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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