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Common Myths And Misconceptions About The Construction Industry

Posted by Mike Pierce on Fri, Apr 21, 2017


Today's Guest Article Is From Mike Pierce

As with most professions, there are various misconceptions and stereotyping in regard to construction work as well. Here are a few of the most common myths in regard to the construction industry:

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Topics: Construction Boots, Myths About Construction

Contractors Get Better Results When QuickBooks Is Cleaned Before Filing Taxes

Posted by Sharie DeHart on Fri, Apr 14, 2017

Contractors who ask for help in Cleaning Up their QuickBooks File before filing taxes have better results. Because The Tax Accountant is happier because the QuickBooks file is clean and easier to work with, they will likely find more deductions which can save you money and in some cases mean the difference between success and failure in your construction company.

  • Because QuickBooks file is clean, the Tax Accountant will have fewer questions of the busy contractor.
  • Because QuickBooks file is clean, the Tax Accountant can easily find the reports needed to file the tax return
  • Because QuickBooks file is clean, the Tax Accountant can focus on saving you money


You are the Happiest because taking a trip to the Dentist for many contractors is less painful than going to the Tax Accountant. Once a Tax Accountant is “Broke In” you hate to change them.


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Topics: Strategic Outsourced Bookkeeping Services, Outsourced Accounting For Contractors

Contractors Messy Bookkeeping Issues Solved

Posted by Sharie DeHart on Fri, Apr 07, 2017

Messy Bookkeeping Happens Just A Little At A Time

When Contractors are doing their own bookkeeping, it becomes a problem that grows and grows

There is not any limits to the number of transactions that can be entered into QuickBooks improperly. Messy files build transaction by transaction or more simply put invoice by invoice, receipt by receipt all can be entered into QuickBooks improperly. There is no popup that says “This Is WRONG” – Do It Over.

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Topics: Contractor Bookkeeping

Contractor Bookkeeping Basics Explained

Posted by Sharie DeHart on Fri, Mar 31, 2017

Contractor Bookkeeping Basics and Why

Today’s technology says “Do Everything On Your Phone”

Use an app to create an estimate, or better yet just send the estimate in the body of the email. That works when the customer’s reply is “Do It”. Great you start the job, finish the job, never send the customer an invoice; Why – They Don’t Need One – they know how much to pay from your original email because you included short explanatory paragraphs about each item of work you did.

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Topics: Contractor Bookkeeping, contractors bookkeeping and accounting

Contractors Struggle Over Choosing The Right Bookkeeper

Posted by Sharie DeHart on Fri, Mar 24, 2017

Contractors Struggle Between The Cost Of Having A Bookkeeper And The Value Received Because All Contractors Want To Have Is Peace Of Mind

Number 1 Frustration is discovering the contractor knows more about Construction Bookkeeping And Accounting than the bookkeeper they hired to do the job. Contractors end up trying to teach The Bookkeeper to do the job thinking every little bit helps.  

Number 2 Frustration is the Construction Bookkeeper asks “Is that part of my job description?”  

Number 3 Frustration is the Construction Bookkeeper will “Go beyond their duties and authority."


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Topics: Construction Bookkeeping And Accounting

Twenty Unique Benefits For Contractor QuickBooks Desktop In The Cloud

Posted by Sharie DeHart on Fri, Mar 17, 2017


QuickBooks Online Is Not The Same As QuickBooks Desktop In The Cloud

 

At a quick glance, it is easy to think that all QuickBooks files are the same no matter if it is on your desktop or in the Cloud because it appears to be the same product. Nothing could be further from the truth.QuickBooks Online is slow and clunky and changes early and often so just when you think you understand it...

QUICKBOOKS ONLINE CHANGES!

SOFTWARE PEOPLE LOVE CHANGING STUFF!

CONTRACTORS LOVE GETTING STUFF DONE!

QuickBooks Desktop Version has been around since 1991, and it has improved at a stable pace that contractors and accountants can keep up with. For the past several years our contractor clients have enjoyed the having access to the tried and true QuickBooks Desktop version in a Cloud environment.

Why do I like using Cloud-Based Servers?
For all the same reasons every Contractor has web access to their bank is to see “The Numbers!”

Money In: Have my Deposits posted and cleared?  
Money Out: What checks have cleared?
What’s Left Over:  How much money is in The Bank?

You can access QuickBooks Desktop anytime from anywhere; using your smartphone, tablet, notebook, PC or Mac.

Your QuickBooks In The Cloud Is Backed Up Every Night While You Sleep!

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Topics: Cloud Based Bookkeeping Services, Cloud Computing QuickBooks Desktop Version

Contractor Vs. Tax Accountant View Of Financials

Posted by Sharie DeHart on Fri, Mar 10, 2017


Contractors View Of The Numbers And Tax Accountants View Are Totally Different
When Tax Accountants Review The Financial Statements The Year Has Ended

The Tax Accountant’s Role Is To Review The Previous Year Financial History based on the information provided create and file the Annual Federal Tax Return, Annual State Tax Return, and other Local or Payroll Returns. Washington State is a sales tax driven state. Other states have a State Income Tax, and others yet have a blend of both.

The Contractors Role Is To Review What Is Happening Now and make Strategic Decisions about what to know in order to have a brighter financial future. The best way to do that is to have QuickBooks Setup to deliver your 5 Key Performance Indicators (KPI) in 5 minutes a day at 5 pm or whatever time is best for you. We call them the 5 At 5 For 5, and we can set them up in your QuickBooks for you! Click here to learn more.

 

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Topics: Profit and Growth Strategies For Contractors, Annual Tax Return, construction company strategy

Save Time & Increase Profits with Automated Data Entry

Posted by Chelsey Kruger on Fri, Mar 03, 2017


Today's Guest Article Is From Michelle Dulog and Chelsey Kruger

Representing Personable Inc.

Do you feel like you’re losing more and more time to tedious manual data entry? Manually entering financial transactions is no easy task and often times robs you of time better spent growing your business and improving your business experience. So what if you could automate data entry into QuickBooks and save 90% more time in the process? Now you can, with ScanWriter.

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Topics: ScanWriter, Personabe, Inc., Automated Data Entry

Contractors Want Better Results Without Changing Anything

Posted by Sharie DeHart on Fri, Feb 24, 2017


Contractors Are Torn Between Over Or Under Managing Their Bookkeeping

Contractors want to maintain control without making any changes. “Keep doing the same thing but expecting a different result.”  

Throwing the receipts in a shoebox (behind or under the seat in the truck) is the favorite way to deal with paperwork.  
This is “Under Managing” and frustrates everyone around them who is playing “Where’s Waldo.” Job costing is nonexistent; bills are usually paid late, customers are unbilled, lost and forgotten.

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Topics: Business Process Management For Contractors

Construct-Ed Answers To Questions That Keep Contractors Awake At Night

Posted by Jeremiah Rizzo on Fri, Feb 17, 2017

Today's Guest Article Is From Jeremiah Rizzo Cofounder Of Construct-Ed

Jeremiah was interviewed for the Contractors Success M.A.P. Podcast and was very generous with his time and provided some extremely valuable insights for how you can find answers to specific pain points you have in running and growing a fun and profitable construction company.

What is Construct-Ed? And why should you care?

Construct-Ed is an online learning site where Pros in the industry can go to learn how to grow their business, skills, and knowledge from other experienced Pros. There’s over 185 on-demand, video courses published by real experts in the industry.

Why does that matter to you?

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Topics: Profit and Growth Strategies For Contractors

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