#1 Cash On Hand - This report shows you how much cash do you have in all your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet) and petty cash box in your office. Money talks and bulls breakfast walks!
#2 Cash Coming In - This report shows you how much cash do your customers and clients owe you and how much of it will you be likely to receive in the next 30-60-90 days?
#3 Cash Going Out - This report shows you how much cash do you owe yourself, suppliers, employees and the tax man and of how much of it will you be likely to pay out in the next 30-60-90 days?
It used to be QuickBooks was the only real option for construction companies to generate a decent set of Financial Reports and Job Costing Reports and that is still true.
Our biggest pain point with QuickBooks has always been it is like a large semi-truck with two trailers capable of moving massive amounts of data which is great if your construction company needs Work In Progress (WIP) Reporting, Pay Application Invoicing For Large Residential Remodels, Pay Applications For Commercial Tenant Improvement (TI), Job Deposit Tracking, Retention Tracking, Schedule of Values, Complex Job Costing Reporting Services and other construction reporting which we provide.
What about the contractors and service companies like plumbing contractors, electricians, handymen, drywall repair, carpet cleaners, HVAC, remodel contractors that have jobs lasting a few days, locksmiths and hundreds of other service companies?
The short video below shows side by side the basic Financial Reports contractors really need in living color. Take a look and leave a comment, we really want to know what you think.
Do you look forward to the day where you can press a button and know where all your money is because it is stressful to wing it like you are doing now?
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 is a better fit for you than QuickBooks. We offer both Xero and QuickBooks bookkeeping services for construction contractors and have found the dividing line is how you get paid.
Take Job Deposits
Have Change Orders
Issue Multiple Invoices
Need Job Costing Reports
Need Payment Applications
Periodic Invoices For Bank draws
Need Complex Construction Accounting Reports
Have Simple Jobs With One Invoice
Need Basic Key Performance Indicator Financial Reports
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
Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com
If you are a new company just starting out you could qualify for our FREE basic company setup in Xero Accounting Online and give you 30 days of Xero Accounting Online software 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 sharie@fasteasyaccounting.com
Our Bookkeeping Services include:
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
Contact Sharie 206-361-3950 or sharie@fasteasyaccounting.com
Pricing Depends Upon the number of accounts, invoicing frequency and number, average daily transactions, number of employees, the amount of business coaching and virtual CFO services you want. We offer MANY other customization options so please ask.
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. Follow Randal on Google+