Fast Easy Accounting Store QuickBooks Set Up and Chart Of Accounts Templates For Contractors

Contractor Bookkeeping Done For You!

Secret To Highly Profitable Contractor Is The Construction Accountant

Posted by Sharie DeHart on Fri, Aug 11, 2017


Contractors Need Help Understanding Role of Accountants

Contractors should have two primary accountants. One is the Tax Accountant the other is your Construction Accountant. Tax Accountant who does the Annual tax return for your business and your personal tax return.

These are two of the Five Board Of Advisors Successful Highly Profitable Contractors Use To Operate And Grow Their Contracting Company Cash Flow And Profits.

Read More

Topics: Construction Accountant Who Listens, Tax Accountants

Our Proven Paperless Contractor Bookkeeping Replaces Bookkeeper

Posted by Sharie DeHart on Fri, Aug 04, 2017

Contractors Want Paperless Bookkeeping Services To Avoid Hiring A Bookkeeper

The horror stories about bad bookkeepers (in-house or as 1099 contractors) are never ending. For this reason, Contractors are reluctant to interview or hire an outside bookkeeper. Many Contractors are frustrated that the person they hired costs too much appears to know less about bookkeeping than the contractor themselves. Contractors I have talked to mention they know very little about accounting and do not want to know more.

You Want Someone To:

  • Take over the bookkeeping
  • Leave you alone
  • Not ask a lot of questions
  • Have everything ready for the Annual Tax Return
  • Provide Financial Statements when you need them

YOU WANT TO KNOW IF YOU ARE MAKING MONEY

NOT THE MIND-NUMBING PROCESS OF ACCOUNTING

EVERYTHING SHOULD AUTOMATED AND PAPERLESS 

YOU SHOULD NOT HAVE TO DO ANYTHING!

Read More

Topics: Painless Paperless Contractor Bookkeeping Services, Paperless Contractor Bookkeeping Services

Contractors Need These Key Reports To Operate And Grow Your Company

Posted by Sharie DeHart on Fri, Jul 28, 2017

As A Contractor You Want Reports To Effectively And Efficiently Run Your Business

You are not trying to make decisions by looking in the rear view mirror. You want to get a sense that there is “light at the end of the tunnel and know it is not an oncoming train” (author unknown)

The question is How Much Detail is too much detail? If you are trying to track a job down to the number of 2x4’s, boxes of nails, joist hangers then I would politely suggest that is too much detail. Think in terms of a more broader scope.


Read More

Unique tax considerations running Contracting Company from home

Posted by Ryan Tollefsen on Fri, Jul 21, 2017


Today's Guest Article Is From Ryan Tollefsen

Planning to Run your business from a home office?

Here's what to know about your taxes If you are planning on using your home office or any part of your home for business purposes or if you already do, it is time to address the tax issue. You have probably heard all sorts of different things about claiming a home office deduction and other deductions. As understanding of tax laws varies from person to person, some inaccuracies can occur. Let's take a look at the truth about the tax issues involved with running a business from your home.
Deducting Home Office Expenses.

 

Read More

Successful Contractors Employees Produce Results

Posted by Sharie DeHart on Fri, Jul 14, 2017


Excited that you are busy and hiring employees. How do I know this is true?

The number of emails I receive about continuing education that reference employees are increasing. The topics you are sharing include wages, access to company funds, providing employee warm and fuzzies and you want to know what is the true cost including payroll taxes of having a Construction Worker on your payroll.

 

Read More

Topics: Hiring Employees, Contractors Are The Real Heros

Unique High-Profit Contractors Need Value From Accounting Software

Posted by Sharie DeHart on Fri, Jul 07, 2017

Price And Value

 

VS.

 

 

 

 

 

A Cheap Price does not always give you the “biggest bang for the buck” as the saying goes (author unknown). One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands.

Take for example ice cream. There are several main types: Labeled as Non-Fat, Low Fat, Reduced Fat, Sugar-Free, Creamy, Deluxe, Premium. A quick search on the web shows over 100 flavors is available. 

We all have our favorite brands. I am a Creamy, Deluxe, Premium double chocolate fudge or dark chocolate usually costing a zillion dollars per ounce and an equal number of calories.

Randal and I have brands and flavors we both like, and some flavors only one of us like. Thankfully our Ice Cream budget increased over the years. A low price was important back when we were “starving students” going to college.          

Read More

Topics: Accounting Software for Contractors

Contractors Are In The Business Of Being In Business

Posted by Sharie DeHart on Fri, Jun 30, 2017

As A Contractor You Are Either Getting Paid, Paying Someone Or Both

Contracting Is All About The Money And Taxes

Which is better for you, Employees or 1099 Contractors? In the world of the State and Federal Agencies. Someone who works for you is either an Employee (on W-2) or a Subcontractor. You need to be issued 1099 at the end of the year, and you need be able to prove they are legitimate Subcontractors!

What we sometimes forget is the personal side of our life and do not realize we have employees. Nanny tax is for any household employees that you have for yourself, the obvious is the Nanny who provides childcare. It also includes a Housekeeper (unless using a licensed maid service).

Reminder from Tax Accountants is the Elder Care market. If you have an individual who is caring for an elderly parent (they are subject to Nanny tax unless you are using a licensed service.)

Do you have support people? Are they making your life easier or are they a risk to you and your Contracting Company?


Read More

Topics: Contractor Bookkeeping, Cloud Based Bookkeeping Services, Assisted Do-It-Yourself Contractor Bookkeeping

Uniquely Highly Profitable Contractors Target High-Profit Enjoyable Clients

Posted by Sharie DeHart on Fri, Jun 23, 2017


Every Construction Contractor Has Clients Who Want To Help

Part of the reason is that they want to be sure the project is moving and things are being done. Other times the goal is to hopefully save money.  

In many cases, the most helpful thing a client can do on a project is keeping the area clean, pets under control and children out of the way. Anything other than that and you, the contractor could be at risk of losing everything you own or ever will if your client or customer is injured while working on your construction project even though it was their home or business.

There is a reason why most automotive repair shops have a sign like the one shown below and as a construction contractor, you would be wise to have signs professionally made and use them on every construction site.

Read More

Topics: Do What You Do Best And Outsoure The Rest, Outsourced Accounting For Contractors

Highly Profitable Contractors Continually Adapt To change

Posted by Sharie DeHart on Fri, Jun 16, 2017

Every time the phone rings you need to be willing to question what do they need are how far are you willing to drive to bid the job and do the work. Some types of work accepted or rejected may be based on the location of the job or by the state license.

When starting out one of the first decisions to be made is “What Type Of Contractor Am I?” This decided during the process of the contractor talking to the Bonding Company, Insurance Company and The State Licensing Board who approves the company’s Contractors License.

The Primary Questions to be answered are:

  • What level of exposure, risk and your skills?
  • How do you want to do these projects?
  • Are you most comfortable being a Handyman?
  • Are you most comfortable being a Trade or Specialty Contractor?
  • Are you most comfortable being a General Contractor?
  • Are you most comfortable being a Remodel Contractor?
  • Are you most comfortable being a Home Builder?


The Four Types Of Contractors...

Read More

Topics: Business Coaching, Construction Business Consulting, Business Process Management For Contractors

Contractors Are Skilled In Construction But Not Usually In Construction Accounting

Posted by Sharie DeHart on Fri, Jun 09, 2017

undefined

Almost every Contractor understands how to do basic repairs and remodels on a house.  
As the project grows it gets a little more complicated.
Is it a kitchen remodel, a bath remodel, upgrading the laundry area? Building a Deck?
Adding a second story addition? Adding a garage? 

Your Construction Accounting System started small and easy. Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while.

Later as your Construction Company grew and you began to wonder where you are making and losing money (Job Costing) and you realized you need to better understand Construction Job Cash Flow you purchased QuickBooks thinking it was "Quick" and that is when the trouble started...

Read More
QuickBooks Setup And Chart of Accounts For DIY Contractors

accounting articles

Subscribe by Email

How Can We Help?

 
Contractors Bookkeeping And Accounting Services

Who We Help

How We Help

Next Step

FAQ's

Contractors Bookkeeping And Accounting Services

Outsourced Construction Accounting Services For Contractors All Across The U.S.A. By Fast Easy Accounting 206-361-3950

Serving Construction Contractors
Across The U.S.A
Including Alaska
And Hawaii

Podcast On iTunes
 
Click Here To Listen In iTunes
Contractor  Success M.A.P.
Contractors Bookkeeping And Accounting Services

Remote Access Your QuickBooks  Using Secure Servers

Outsourced Bookkeeping Services For Contractors At Fast Easy Accounting

Contractors Bookkeeping And Accounting Services

T Sheets Pro Advisor Fast Easy Accounting

Mobile Time Cards 

Eliminate the job site to office paper shuffle

Start My Free 14 Day TSheets Trial  

Connect With Randal DeHart Google+
Contractors Bookkeeping And Accounting Services

Fast Easy Accounting Construction Accounting Specialists Member Of National Association Of Home Builders NAHB

Contractors Bookkeeping And Accounting Services

mbamember

Join Our MBA Network

Browse by Tag

badge

Blog Suggestion Box

We Remove Contractor's Unique Paperwork Frustrations

Quickbooks certified proadvisor

Xero-Accounting-Services-Fast-Easy-Accounting

Financial-Intelligence-And-Performance-Reporting-Tool-Fast-Easy-Accounting Hubdoc-Document-Collection-and-Management-System MBA Member Fast Easy Accounting 206-361-3950
 
contractor-success-map-podcast-listen
 
Don't forget, you can hire our services at FastEasyAccounting.com
 
 
How To Use Our Services