Sep 15, 2017
If you are a contractor, you know what to look for when you need to hire skilled construction workers. The longer you have been in construction, the more experience you have including a sixth sense about who is likely to be a good fit for your construction company team and who is not.
You can spot wanna-bees, clowns, and firebrands in an instant, and you know that if you are thinking about firing someone; you are already fifteen minutes too late!
99.99% of Construction is "Tangible" which means you can judge it using your five senses. You can See, Hear, Touch, Smell and Taste it and you know when it is good or bad.
99.99% of construction accounting is "Intangible" including financing, taxes, payroll processing, payment applications, financial statements, cash management which means you may have to rely on your gut-feeling to know when someone perhaps is not a good fit.
I have a deep background both in construction, having owned and operated successful construction companies and construction accounting.
I have a deep background both in construction, having owned and operated successful construction companies and construction accounting.
Just so we are clear, if you suspect I want the opportunity to work with you, you are 100% right! But, I know what you need is proof that I know what I am doing so let me condense several decades of experience into these twelve warning signs you hired the wrong contractor bookkeeping service.
Food Costs Could Go Into Any One Of A Half-Dozen Accounts For Example:
If a transaction is put into the wrong
account, the financial statements will present a vastly different
picture to the contractor regarding which jobs are profitable and
which ones are not. In the end, it could mean the difference
between success and failure because if you rely on Profit And Loss
By Job Reports to know which jobs to bid on and which ones to
ignore.
Year over year and regardless of the economy one thing never
changes; 20% of the contractors earn and keep 80% of the profits.
The reason is they have a Business Process Management Strategy like
our Contractors Success M.A.P. that tells them how, what, when,
where and why to focus their limited resources on the M.A.P. =
Marketing / Accounting / Production.
Your contractors bookkeeping services firm works out of their home. Home based businesses are great for many people, and they make a lot of sense; except when it comes to dealing with your construction company's sensitive financial data.
The last thing you want is for your contracting company records to be sitting on someone's kitchen table open and inviting for anyone and everyone to see, touch, read and spy on you construction company. It happens more than you could imagine or could believe unless it has happened to you or someone you know and trust.
Just as bad is when your cheap bookkeeper has little kids with sticky fingers, and they get peanut butter and jelly on your construction company receipts.
By far, the scariest cheap bookkeeping services are the ones run by the wife, girlfriend or office worker of your competitor who likes to share your client list, estimates, and financial records...OUCH! That happens more than you could imagine or believe.
Your contractors bookkeeping services firm internet presence is professional, clean and packed full of helpful, useful information and has at least 10,000 pages.
A website is no longer a luxury and at a minimum to be taken seriously your contractors bookkeeping services should active in at least 20 different social media sites including a presence on LinkedIn, Facebook, Twitter and Google+ to name a few.
The best way to know if your contractors bookkeeping services firm has an internet presence is simply doing a google search on them. Google FastEasyAccounting.com and you will find over 9,000 results as of 10-17-14. Google our Co-Founder Randal DeHart, and you will find over 58,000 results as of 10-17-14.
Your contractors bookkeeping services firm does not close sales; they open relationships. No high pressure or scares tactics to get you to buy. We do not close sales; we open relationships. Hiring a Contractors Bookkeeping service is something we take rather seriously and deliberately.
We are a small privately held contractors bookkeeping services firm with a process to invite new contractors like you into our family of clients. It starts with a No Charge Consultation and mutual interview to determine if there is a basis to build a mutually beneficial relationship.
Next, we review your QuickBooks file to determine how and if we can meet your construction accounting needs.
Lastly, Sharie contacts you to present one of more custom solutions that we put together to fit your construction company's individual needs because no two contractors are the same. Sharie reviews it with you, and you decide to engage our services when you are ready.
Sharie will not attempt to close you because as I said before, "we do not close sales; we open relationships" so if we are not a good fit simply say so and we will leave you alone. In the future, if you change your mind, you are always welcome to contact us again.
Your contractors bookkeeping services firm carefully explains your bookkeeping options and lets you decide what it best for you.
We can serve 99.99% of construction, and contracting companies in the USA including Alaska and Hawaii with annual sales volume from $0 start up to $5,000,000 with a flat rate weekly or monthly fee that does not change unless your needs change.
Our construction accounting services system takes the guesswork out of contractors bookkeeping services and leaves good solid, repeatable bookkeeping processes that work day in and day out.
However, some contractors want control over their construction accounting services including what, when, where and how their Contractor Bookkeeping and Accounting services are handled and if this describes you then rest assured we have you covered.
You can have access to the same secure; Intuit Approved Cloud Based Hosting Service, which includes the same QuickBooks desktop as all of our contractor clients and instead of our construction accounting services system.
In these cases, we can design a reasonable hourly contractor accounting service package to fit your needs and allow you reasonable command and control on how QuickBooks is setup and maintained.
Your contractors bookkeeping services firm follows up regularly to make sure you are very satisfied with the services you are receiving. We have a simple answer, we keep in contact with you as much or as little as you desire and more importantly we earn your business every month. No long-term contracts, you vote with your dollars to keep us or let us go.
We do everything we can, within reason, to keep you, improve our services, innovate and add value every day. Don't take my word for it see what our clients say Click Here.
Your contractors bookkeeping services firm has QuickBooks ProAdvisors on staff is one of many certifications they need to consider a viable bookkeeping service for the Contractors. Yes, it costs money, $549 per year and the ProAdvisor has to take a test and recertify on the new QuickBooks edition every year.
Your contractors bookkeeping services firm takes a proactive approach to supporting your construction company needs outside of simply providing the bookkeeping services and they offer recommendations to help you get more from their services, save money, or improve your construction company profit and productivity.
We have entire sections of our website devoted to helping your construction company become more profitable, streamline your operations and become more productive. For example, check out the strategy and construction psychology sections.
Your contractor's bookkeeping services firm offers you a way to access your QuickBooks desktop version 24/7/365 from any web enabled device. Including top notch English speaking tech support staff!
Want to learn how to hire an honest, competent, and reliable contractors bookkeeping services firm? Download our FREE Business Advisory Guide at Contractors-bookkeeping-services-guide-for-construction-accounting-and-bookkeeping/
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
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
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 our services.
Bye for now until our next episode here on the Contractors Success
MAP Podcast.
About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business
Consulting And Accounting in Lynnwood Washington. He is the leading
expert in outsourced construction bookkeeping and accounting
services for small construction companies across the USA. He is
experienced as a Contractor, Project Management Professional,
Construction Accountant, Intuit ProAdvisor, QuickBooks For
Contractors Expert and Xero Accounting Specialist. This combination
of experience and skill sets provides a unique perspective
which allows him to see the world through the eyes of a contractor,
Project Manager, Accountant, and construction accountant. This
quadruple understanding is what sets him apart from other Intuit
ProAdvisors and Xero accountants to the benefit of all of the
construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/
to learn more.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Check out our Contractor Success Map Podcast on iTunes and Follow Randal on Google+
Warm Regards,
Randal DeHart | The Contractors Accountant
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