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    A Busy Contractor’s Guide To Xero

    Posted by Randal DeHart on Tue, Apr 02, 2019

    Although not intentional, this could be considered a part 2 of last Friday’s blog/podcast episode or a continuation post dedicated to all brand-new contractors who just started their own company, to trade professionals who would like to restart their bookkeeping system, or simply to all our valued email subscribers – old and new.

    The time, effort, and money you’ve put through in running your construction business is a testament of your commitment to this industry. So, let me start this guide by telling you to do what you do best and outsource the rest. The “rest” as you know, is where your cash flow and profit depend – construction bookkeeping and accounting.

     

    xero contractor desktop

    Utilizing QuickBooks or Xero rely upon how you get paid, the type of work your company does, and if you need job costing. Xero accounting online works best if you:

    • Need to get paid faster and easier
    • Have simple jobs you invoice individually
    • Need to invoice customers at the job site
    • Need KPI (Key Performance Indicator) Financial Reports
    • Want professional Construction Accounting at lower costs

    Xero Accounting Online saves us time in data entry which means we can offer contractors bookkeeping services at substantial savings over QuickBooks bookkeeping services and provide more in-depth financial reporting with some of the reports being updated within seconds of when the transactions are received.

    Invoicing In The Field - when you or your employee finishes a job you can use your smartphone, tablet or web-enabled device to put together an invoice and if you are connected to the web Xero will have updated your Sales Report, Profit & Loss Report, Balance Sheet Report and a lot more reports before you finished reading this sentence.

    The Key To Making Xero Accounting Online Work is having it properly setup and maintained. It is easy enough that anyone can setup the basic company file just like anyone can get on a backhoe and run it. Especially if you have watched the professionals do it for several years as I have because they make it look so "Easy...".

    Perhaps you own a service and repair firm that specializes in plumbing, electrical, HVAC, or maybe a handyman service or someone who does small construction projects that last from a few hours to a few days and you only need to give your customer or client one invoice?

    If this describes you then perhaps Xero Accounting Online is a better fit for you than QuickBooks. 

    Xero Matrix

     Xero Accounting Online Conversion

    Do you want to use Xero Accounting Online, but dread moving everything from QuickBooks or some other accounting software? We can do it all for you:

    • Enter all of your year-to-date transactions
    • Enter all of your Accounts Receivable (Sales)
    • Enter all of your Accounts Payable (Purchases)
    • Previous year-end bank, credit card and other account balances
    • Activate your bank and PayPal feeds for downloading into Xero
    • Enter all your customer and vendor contact information

    Xero Accounting Online Setup

    If you are a new company just starting out if you qualify we can set up your company on Xero Accounting Online and give you 30 days of Xero Accounting Online for FREE so you can find out if Xero is right for you!

    • Set up your organization in Xero Accounting Online
    • Prepare an application for Tax-ID number, if needed.
    • Set up your Chart of Accounts
    • Connect your bank and PayPal feeds
    • Give you a tour of the system and how it works
    • Provide ongoing virtual CFO support (We are more than bookkeeping services provider!)
    • Contact Sharie 206-361-3950 or email sharie@fasteasyaccounting.com

    Xero Bookkeeping Services:

    • Invoicing
    • Daily reconciliation of bank feeds
    • Weekly reporting
    • Monthly reporting
    • Year-end reporting for your tax preparer
    • Year-end updates and adjustments from your tax preparer
    • Options for payroll
    • Options for time keeping and project management
    • Options for receipt storage

    We are also pleased and honored to let you know that we recently received an award from Xero. We are extremely grateful for the recognition of our work and will continue to provide value to our clients by providing Xero accounting services.

    Xero Silver Partner of the Year


     About The Author:

    Randal DeHart, PMP, QPA The Construction AccountantRandal 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. 

    The Information Shown Below Is From Fast Easy Accounting

    OUTSOURCED ACCOUNTING FOR 
    THE BUSY CONTRACTOR
    IN A MOBILE ENVIRONMENT

    Outsourced AccountingContractor Bookkeeping Templates For QuickBooks And Xero

    Download the Contractors APP today from the App Store or Android Store

    Access Code: FEAHEROS

    Click here to download the App on Android:

    Click here to download the App on iOS:

    Simply scan the QR code or search for ‘MyAccountants’ in the App Store and enter the Access code: FEAHEROS to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24/7."

    PS: Even if you are not a Construction Contractor you will find a plenty of benefits in the app so we invite you to download it too! It's Free so why not?


    When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in your QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.

    We Remove Contractor's Unique Paperwork Frustrations

     

     

    For Construction Company Owners who do not need the full power of a QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online, and we have a 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.com and schedule your no charge one-hour consultation. 

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    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!

    Thank You For Reading This Far, And I Hope You Understand we really do care about you and all contractors regardless of whether or not you ever hire our services.

    Payroll, Taxes, Job Costing Fast Easy Accounting 206-361-3950

    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.

    Our Contractor Bookkeeping Services System Is A System

    Contractors Bookkeeping Services

    Thinking About Outsourcing Your Contractors Bookkeeping Services To Save Time And Money?

    Click On The Button Below To Download A Free Guide 

    Contractors Bookkeeping Services Guide >

    Business Process Management (BPM) For Contractors

    Need Help Now?

    Call Sharie 206-361-3950

    sharie.com

    Fast Easy Accounting Strategic Bookkeeping Services For Construction Companies

    Xero Outsourced Construction Accounting Services

    QuickBooks Outsourced Construction Bookkeeping Services

    We Are Xero Accounting Experts Specializing In Construction Bookkeeping Services


    PS: For The Do-It-Yourself Construction Bookkeeper Our Store Has Chock-Full Of QuickBooks Setup Templates, QuickBooks Chart of Accounts And More.

    Assisted-Do-It-Yourself-Construction-Accounting-Buy-Custom-Built-QuickBooks-Setups-For-Construction-Contractors.png

    Most Contractors Setup QuickBooks Desktop Version In One Of Three Ways:

    #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

    And QuickBooks Does Not Work The Way They Want It Too!

    The Answer:

    #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company

    #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company

     Do-It-Yourself QuickBooks Setup

     

    Download the Contractors APP today from the App or Android store

     

    Topics: Xero Accounting Online Advisor For Your Constructi, Xero Accounting, construction suppport, Contractor Sucess, Contractor Tips, Contractor Operating Tips

    Download Our Free App For Construction Contractors

    click to download the Contractors APP now from the App Storeclick to download the Contractors APP now from the Android store

    Access Code: FEAHEROS

    QuickBooks Setup And Chart of Accounts For DIY Contractors

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