Feb 9, 2018
Finding a solution that will do “All I Need It To Do” This is the challenge for Construction Contractors.
One of the most basics is pad and paper. Write out your
proposals on a piece of paper and give it to your client when
presenting a Bid, Estimate, List of Material, Invoice, Receipt For
Payment. It is Simple, and it works.
I remember the 13 Column Pad and a good calculator with paper tape.
Happiness was when all the columns added up and matched both
directions “The First Time.”
Moving up using the paper method is a pad of carbonless forms.
They come in assorted sizes and are blank and ready for you to
customize as needed. You can order carbonless forms pre-printed
with your letterhead and some of your standard items. For an
additional fee can have the Disclosure or Notice To The Owner
preprinted on the back and other statements regarding warranty
printed on the front.
One sub-contractor put a copy of his logo with contact information
on a blank piece of paper and photocopied it over and over again
and used it as an invoice. Yes, I asked – the office used
QuickBooks and translated his handwritten “stuff” into real
information). Easy to create an invoice “On The Fly.”
Moving into a little more
technology; I remember Contractors using Quicken Home and
Business.
It worked for awhile but discovered that for financials
statements Tax Accountants felt it gave them “something” saying
that “something was better than nothing” (author unknown). Making
your reports Hard on everyone around you may not have the best
result. Missed deductions, higher fees charged.
Your Tax Accountant wants to help you save money and pay only what
you should be paying in taxes. It is a challenge if your Tax
Accountant does not have a clean set of financials, Profit & Loss
and Balance Sheet Reports for the previous year.
Tax Accountants are dedicated professionals able to keep track of
the Tax Code and how it will impact you, me, your friends, family,
and neighbors. Each tax return is a little bit different and in the
end, Tag Your Tax Accountant is it.
Besides the Internal Revenue Service, Social Security, every banker
whether you are applying for a Car Loan, Credit Card, Buying A Home
is looking at your financials. Some software can give necessary
information, and it might be “just enough” for the Tax Accountant
to do you are Annual business and personal taxes. Best foot
forward.
I have had New Clients come to me because their existing Accounting
file was a MESS or they were using software that their banker was
not easily able to explain the financials to the Loan Committee.
Bankers are usually polite when they say No and may not be
comfortable in telling you the real reason is they had to present
the most easily explainable financials to the Loan Committee. You
could be the most profitable and financially worth the risk – but
the aggravation of messy paperwork may not be worth it for them to
try. They need to keep in mind outside factors of “how they look”
and most positive reviews.
Some Construction Contractors have downsized their accounting
system. Before the downturn of the economy, they had a more
substantial Construction business, employees, in-house staff and
specialty software.
Hats Off to everyone who made it, challenges and all. Last year
was better than the previous years.
This year is looking much better for almost everyone I am talking
too. Thanks to the hard work of all.
Let Me Share A Little Bit About Our Different Services. We Are Much More Than Just Contractor Accounting
Your tax accountant would appreciate that you use an accounting
system that creates Profit and Loss and the Balance Sheet for the
ease of creating annual tax return. Your customers would like an
invoice they can read and understand. Your supplier wants you to
pay their bills promptly.
We Recommend QuickBooks Pro, QuickBooks
Premier and QuickBooks Enterprise desktop in the cloud
because we have used it since 1991 in several of our construction
companies and we provide Outsourced Construction Accounting for a
lot of contractors all across the USA including Alaska and Hawaii.
Yes we have tried dozens of other accounting softwares including
QuickBooks Online and we keep coming back to QuickBooks Desktop in
the cloud.
#1 BOOKKEEPING
DO-IT-YOURSELF – Follow the links for the Individual Contractor
Types. This will get you pointed in the right direction. If not
call me and I will help you get there Sharie
206-361-3950.
#2 BOOKKEEPING DONE-FOR-YOU –
Follow the links for information about using our Outsourced
Accounting Services.
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We use other software programs for document management, more
detailed financials, and general ease of doing our work. These
software programs assist us to work faster and in keeping our fees
lower. As much as we all wish it; reality is that no one software
does everything.
The key is finding the right products that work together where
to the outside world it looks seamless. Proper Accounting is like
your projects when they are finished, listening cute, with your
customers saying “Wow, I could have done that” Thanks!
We are in the process of adding a Phone App for our clients.
Welcome everyone to download it when it becomes available as it
will have FREE features useful to everyone. Every little bit
helps.
Check out the FREE Forms on
FastEasyAccounting.com. You will find an estimate, invoice,
timecards as some of the forms available.
Look forward to chatting (or chatting again) with all of you. I
am excited when someone I talked to years ago is calling back.
Anytime time we chat; I want to leave something of value from our
conversation even when it is apparent that we will not be doing
business together.
With a good conversation and exchange of information – you are
helping me with what is happening in your area. The software you
are using. Other services that you found helpful. “Free, Perfect,
Now” is not the only solution. You have to know what you are
looking for to determine if “Free” is a good bargain.
What Do You Need Today?
Explaining Our Commonly Used Accounting Terms:
In addition to digital products, Free Forms are available on FastEasyAccountingStore.com
The store has several categories for Contractors In USA, Canada, International with digital
products for QuickBooks Desktop, QuickBooks Online, Xero.
QuickBooks Online and Xero products may import other Online
Accounting Software.
You can reach the Fast Easy Accounting Store at the top of the
homepage on FastEasyAccountingStore.com
When we are chatting – I find it easier to drop farther on the home
page below the picture of the USA map.
BOOKKEEPING DO-IT-YOURSELF – Follow the links for the Individual
Contractor Types
Doing this can get you pointed in the right direction. If not call
me and I will help you get there.
BOOKKEEPING DONE-FOR-YOU – Follow the links for information about
using our Outsourced Accounting Services.
Blend of Both Worlds – Be on the server, with payroll imports and
specialized reports from our reporting tool.
Thinking Happy Thoughts
Enjoy Your Day.
Sharie
In Conclusion:
Helping Contractors around the world
is one of the reasons we added the FastEasyAccountingStore.com
Follow our blogs, listen to Contractor Success M.A.P. Podcast. We Appreciate Our
Visitors, Listeners, and Subscribers. – Thank You!!
Please feel free to download all the Free Forms and
Resources that you find useful for your business.
We are here to Help “A Little or A Lot” depending on your
needs.
About The
Author:
https://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
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 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.
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
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.
Enjoy your day.
Sharie
About The
Author:
https://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
#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
QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting
QuickBooks Set Up
Templates Solopreneur
QuickBooks Chart Of Accounts
Free
Stuff
QuickBooks Item Lists Templates
Consulting
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