Common Issues With Accounts Payable

It is easy to put transactions in Accounts Payable (A/P) Aging Summary, and them forget about them. When writing a check from the checking QuickBooks does not automatically go look to see if you put something in Accounts Payable. Sometimes Accounts Payable will have transactions in Accounts Payable that do not belong there.

The Valve Stem Sales Strategy:
Close More Sales Using Story & Trust,
Without Sales Tactics

Corey Philip of Home Pro Success is a regular guest on Contractor Success M.A.P. Podcast. In this episode he described The Valve Stem Strategy that he and his team use to build their Gulf Coast Aluminum home services contracting company.

Today's Guest Article Is From Anastasia Harold - Coolfront Affiliate Manager

Running a contracting company has countless challenges. Most of your time and energy is usually focused on customer satisfaction, rightfully so. However, things such as billing, invoicing and paperwork are critical parts of owning a business but are often neglected or mismanaged. Paperless invoicing and billing solve a variety of these issues.

Sometimes paperwork is lost altogether. A cloud-based paperless system stores all your important documents on secure servers, so nothing is ever truly lost. In addition, digital documents are rarely lost by your customers, the ones who need to pay you! And even if they do lose it, it’s easy to simply resend the digital version.

Challenges Of Keeping Accounts Receivable Simple And Up To Date

Creating an invoice for the entire project seems like it is the simple way to track payments and have the current balance. The harsh reality is that if all of the work is NOT done Accounts receivable is reflecting a balance due that is NOT REAL.

Construction Contractors know lots about the work they do. As an expert in their fields from finish carpentry, tile setter, masonry, roofer or landscaper the finished product looks beautiful. When a skilled craftsman does the work, it looks effortless. Others think I could have done that.

New Services For Contractors At Fast Easy Accounting

We are continually searching for more and better ways to remove time wasting paperwork chores so you can focus on what you do best, running your construction company.

Change occurs every day in our lives. (Hint: Only wet babies like change). Fast Easy Accounting must adapt to the needs of our Clients in a world that is mobile. Ten years ago, we only worked with clients in Washington State. Now our clients are all over the USA. With the addition of Fast Easy Accounting Store, we have helped Construction Contractors outside of the US. Contractors all over the world have common issues. QuickBooks and Xero Customized Setup, Chart of Accounts, Items Lists – We Can Help A Little or A Lot depending on your needs.

Today's Guest Article Is From Brian Javeline Of MyOnlineToolbox

While the title of this story mentions website leads, planning also can incorporate many other forms of leads.  However, we decided to focus on website leads since so many contractors simply do not have a great online presence designed to capture more quality business opportunities.

Go open your last version of your Marketing Plan.  You will then not believe how fast time flies by.  It will feel like just the other day where many of you were making all sorts of plans to change things, then time went by, then you got busy so the plans went in the to-do pile.   Unfortunately that implies that you are not doing anything specific to attract better customers.

Home Pro Success And How They Help Contractors Generate Leads

Leads, Leads, and more Leads! That is what contractors want! You post it on hundreds of forums, you talk about at the business network events with your friendly competitors.

Facebook is one of the hottest places to generate leads for your construction contracting company. It works for Handyman, Trade Contractors, General Contractors, Remodel Contractors, and home builders.

I had the pleasure to interview Corey Philip, founder of HomeProSuccess and he shared some tips and tricks to help contractor like you get more qualified leads.

Using QuickBooks For Your Land Acquisition, Land Development,

And Spec Home Building Company Looks Simple - But It's Not!

Many Land Developers and Spec Home Builders set up QuickBooks or hire someone to do it for them, and they do not understand the difference between Construction Accounting and Regular Accounting the results can be disastrous when you need Work-In-Progress, Job Costing, Estimates Vs. Actuals, Profit & Loss, and Balance Sheet Reports that accurately reflect the financial state of your Construction Company.

The last thing you want to do in give your banker or investor a Profit & Loss Report showing your company is losing massive amounts of money simply because QuickBooks was set up wrong for your type of business.

Knowing how to use Work-In-Progress, Direct and Indirect Construction Costs is key. Understanding Overhead, Other Expenses, and Other Income compounds are also important. Bankers, lenders, investors, construction company owners, and other stakeholders need accurate, timely reports. Proper QuickBooks set up, and Construction Accounting is the foundation to provide them.

Construction Contractors Need Help From Knowledgeable Advisors

Everywhere there a Buzz Words and lots of people who say they are Experts in their field. Question is What the Expert knows is in a topic that is useful to you?

Everyone wants to be paperless. It is not so much about saving a Tree as saving Time. How can I get to My Bookkeeper, My Accountant, My Tax Accountant the information they need to develop the reports?

Most contractors tell me "Actually, I don’t want the reports I only want to know "scraps of information" so I can run My Business better. If there is an easy way to get the job done; I want to know it. There must be an App For That."

There are several apps and we have one just for Construction Contractors. It does a lot but no app does everything.