Internal Accounting Is For Making Money
External Accounting Is For Paying Taxes
All Professional Accountants - Are aware of the relationship between QuickBooks and the Internal Revenue Service, IRS and the importance of paying the right amount of taxes. Read More...
There Are Lots Of - Good bookkeepers, accountants and tax preparers and they all serve a different role in your business. Even bad bookkeepers can serve a function by leading a construction business to the brink of disaster because sometimes that is what it takes for a contractor to sharpen their focus.
Imagine You Have - A really great sledge hammer that gets a lot of work done fast. When you need to hang a bunch of drywall do you reach for that sledgehammer? No way!
Imagine You Have - A really designer on your team. This person has an "eye" for coordinating colors and layout in your construction project and they are so good at it you decide to have them install all the large beams on your construction project. Not going to happen is it?
Tax Accountants - Can kill more cash flow and profit in your construction business in an hour then you can make up for in six months.
I Never Met A Tax Preparer - That did it on purpose; in every case it was as Stephen Hawking said "The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."
In Project Management - We refer to it as the "Halo Effect". When someone is skilled in a particular industry it is automatically assumed they can do anything in that field.
Construction Accounting - Is as different from mainstream accounting as a backhoe is different from garden shovel. And we know what happens when someone who is only ever used a garden shovel starts operating a backhoe! It is a very costly accident looking for a place to happen!
Tax Accountants - Are good people and have their place; however, not doing construction bookkeeping and accounting.
Construction Accountants - Should stay out of preparing and filing annual tax returns for the same reasons. We don't do it every day and we don't keep up on the every changing tax code.
Either Be A Tax Accountant - And serve the interests of the tax collection agencies or be a construction accountant and serve the interests of contractors. Pick one and get good at it!
We Have Mastered Construction Accounting - So we know what to look for and very quickly we know if someone has the skillsets we need and we proceed accordingly.
If I Have Offend Anyone - You have my apologies. We are in the middle of another "Ground Hog Day" season when business owners bring us QuickBooks files that their tax preparer setup wrong or worse yet, have been attempting to do construction accounting.
The Truth Is - We love fixing nasty, knotted up, tangled, out-of-control QuickBooks files and showing contractors how to read the QuickBooks Reportsand start having fun and making money!
For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. Click Here For More.
This Is One More Example of how Fast Easy Accounting is helping construction company owners all 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 people like you so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
About The Author:
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+