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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

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Nov 9, 2018

This Podcast Is Episode Number 0294, And It Will Be About Risks Construction Contractors Face While On The Job

 

Today's Guest Article Is From Rachel Porter

Content Specialist At Custom Contractors Insurance

Affordable-Contractors-Insurance

Many people look at someone who has made it as a contractor and often find themselves wishing they were contractors too. After all, contractors are their own bosses, with flexible hours and, more often than not, a much-higher pay at the end of the day.

Indeed, being a contractor has its perks. However, it’s hardly a walk in the park. As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves.

Let’s take a look at some of the risks contractors face while doing their job.


Damage to or loss of tools and equipment

For contractors, their tools and equipment are their bread and butter. There is no way they can do their job and deliver what’s required of them if their equipment are damaged and stolen, and in the contracting business, both are very real possibilities. Aside from the risk of workers damaging their tools one way or another, it’s also not uncommon for thefts to happen at a construction worksite.

Competition prices taking a dive

So a responsible contractor takes pride in the quality of his work, and his rates are commensurate to the kind of results that he delivers. However, a contractor might have competitors who are more than willing to bid projects below cost just so they can create some cash flow for their operations. Some do this hoping to buy out projects or earn extra profit by way of change orders. In any case, when competitors take a dive, it makes acquiring new work even harder.

The seasonal slowness

Unless a contractor is based in the warmer regions of the United States, he will likely experience a work slowdown whenever winter comes. There is no way a contractor can work when the ground is frozen and covered by two feet of snow. The freezing winds will also make an icicle of any worker who even tries to work at a certain height.

Then again, even warmer climates do not guarantee continuous work. Economic downturns can make finding contracts more difficult regardless of the weather.

Flawed finished product

A contractor should always comply with safety standards and building codes, because the alternative really hurts. If the finished project is defective in any way because it’s not up to local, state, and federal building regulations, the client who commissioned the project will likely ask the contractor for a reimbursement, and that could bring that contractor’s company down.

Missing deadlines

Clients will always want their project to be finished on time, as agreed. However, as the project goes underway, so many things can happen that might delay it. Equipment might break down, materials are delivered late, or any other unforeseen hitches might occur. That’s why contractors who know and understand the value of keeping deadlines always keep their communication lines with their clients open, so if some inevitable delay happens, clients will get a heads-up and amend the contract to move the deadline.

Worker and third-party injuries

A contractor will always be ultimately liable for any injuries that could happen within the work site. A worker or third parties like clients visiting the site could get injured, and the contractor could potentially find himself at the receiving end of a claim that could ruin his company financially. 


CONCLUSION:

Thankfully, contractors insurance can help contractors weather any of these risks. General liability insurance, for instance, would serve them well when it comes to third-party injuries. Workers' Compensation Insurance, on the other hand, can take care of any employee who might get hurt.

So the next time you catch yourself daydreaming about quitting your job and becoming a full-time contractor, always remind yourself to prepare for all the risks and responsibilities that come with it.

 


 About The Author:

Rachel-Porter-Guest-Blogger-Fast-Easy-Accounting

Rachel Porter is the content specialist at Custom Contractors Insurance. Since 2011, Custom Contractors Insurance Insurance has helped contractors of all kinds find affordable insurance across the country. Their goal is to provide a policy that will protect you, your business, and your clients at an affordable price.

 

The Information Shown Below Is From Fast Easy Accounting

The Information Shown Below Is From Fast Easy Accounting

OUTSOURCED ACCOUNTING FOR 
THE BUSY CONTRACTOR
IN A MOBILE ENVIRONMENT

 

Outsourced-Accounting-For-Contractor-Fast-Easy-Accounting-1-800-361-1770

contractor-quickBooks-and-xero-templates-from-fast-easy-accounting-1-800-361-1770

Download The Contractors APP Now!

Access code: FEAHEROS

Fast Easy Accounting App For Construction Contractors And Other Business Owners

The QR Code Below Will Go

Apple Or Android Store

Whichever One

You Need

Simply scan the QR code below or search for ‘MyAccountants’ in the App Store and enter the Access code: FEAHEROS to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24/7.

Access code: FEAHEROS

Or click to download the Contractors APP now from the App or Android store

   Available on the App Store ANDROID APP ON Google play

Click here to download the App on iOS:

Click here to download the App on Android:

 

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.

 

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

Accounting-Solutions-For-The-Busy-Contractor-Fast-Easy-Accounting-Store

Most Contractors Setup QuickBooks Or Xero Online Accounting Using:

#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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Risks_Contractors_Face_While_On_The_Job