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    Establishing Your General Contracting Business - TIPS On Starting It Right

    Posted by Sharie DeHart on Fri, Jun 07, 2019

    Running a business for general contractors like you is an overwhelming yet fulfilling task because there are so many things only the company owner can and should do. In most cases, when the owner's spouse contacts us, it is because they are trying to help with the business, but they know they need outside assistance, so there is more quality time with the family.

    Most contractors, and small business owners, in general, haven’t realized that what you don’t know can keep you up at night. Instead of focusing your efforts in maintaining your relationship with your past clients and building a new one, you were up wondering whether you’re making or losing money. Today more than ever, it is necessary to have a properly set-up accounting and bookkeeping file and maintain it. Someone with the knowledge and training combined with an understanding of construction to Set-Up, Clean-Up, Tidy-Up, and manage your bookkeeping system.



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    Topics: Contractors Bookkeeping Paperwork, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Setup Do It Yourself, QuickBooks Construction Accounting, Assisted Do-It-Yourself Contractor Bookkeeping, Painless Paperless Contractor Bookkeeping Services

    Bookkeeping And Accounting Solutions For The Busy Contractor

    Posted by Sharie DeHart on Fri, May 17, 2019

    The calls, emails, messages, and walk-ins that our company deal with every day come from construction contractors, spouses or significant other, construction bookkeepers, advisors, students, and financial planners among others. I do my best to offer support even if it does not lead to an immediate request for our services.

    The pressures of running a construction company are tremendous. Incoming money is usually unknown, but expenses and bills are due now. You are not alone; many contractors feel the same way. Owning a construction company is so much different from just working for another construction contractor, and in most cases, new contractors had no idea what is involved in the business end of the operation before they started.



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    Topics: Contractors Bookkeeping Paperwork, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Setup Do It Yourself, QuickBooks Construction Accounting, Assisted Do-It-Yourself Contractor Bookkeeping, Painless Paperless Contractor Bookkeeping Services

    Paperwork Processes Particular To Construction Contractors

    Posted by Sharie DeHart on Tue, May 07, 2019

    One of the biggest struggles contracting business owners deal with is the overwhelming amount of paper they have to organize as part of their everyday tasks. Invoices, receipts, bills, contracts, client records, pay applications, insurances, licenses - are just among the few in the seem to be never ending "etc". Keeping important documents is necessary. Most contractors go from one extreme to the other. One extreme is saving everything for decades, and the other is tossing everything out.

    What to save? What to toss out? At Fast Easy Accounting, we no longer need to print and save every document in file folders and keep adding new file cabinets. Our paperwork processes ensures your happiness and peace of mind knowing that your papers can be retrieved electronically at any time in the future.



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    Topics: Contractors Bookkeeping Paperwork, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Setup Do It Yourself, QuickBooks Construction Accounting, Assisted Do-It-Yourself Contractor Bookkeeping, Painless Paperless Contractor Bookkeeping Services

    Contractor Bookkeeping: Outsource Or Do It Yourself

    Posted by Sharie DeHart on Fri, Apr 12, 2019

    I would like to start my blog post by asking you to reflect on your WHY. Pause for a while and think about the reason or reasons why you started your business. I highly doubt that your answer is rooted in accounting tasks or involved any type of bookkeeping project at the slightest. It is apparent that you’re passionate about what you do and you love working in the construction industry, be your own boss, and have the freedom you’ve dreamed of.

    I admit, small business owners - like myself, have learned to make the most of the resources we have. And as an entrepreneur, tend to take on the challenge of wearing multiple hats. Marketing your business, answering phone calls, responding to emails, scheduling appointments – to name a few. However, I am reminding you now that being a company owner and doing your accounting and bookkeeping requires a totally different skill set from being a construction expert in your field. When it comes to your financials, it would be wise to take a step back and let someone who specializes in bookkeeping do it for you. Not just any accountant or bookkeeper, but see to it that they are Construction Bookkeeping and Accounting Professionals.

     


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    Topics: QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Setup Do It Yourself, QuickBooks Construction Accounting, Assisted Do-It-Yourself Contractor Bookkeeping

    Construction Accounting Secrets For New Contractors

    Posted by Sharie DeHart on Fri, Oct 27, 2017


    Construction Accounting Basics For Construction Contractors

    Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit.

    Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. That simple little thing called Cost of Goods Sold is the primary difference between Regular Accounting and Construction Accounting.

    Understanding that difference and how it relates to Job Costing and Job Profitability can get contractors like you firmly on the road to financial freedom.

     

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    Topics: Outsourced Accounting, Assisted Do-It-Yourself Contractor Bookkeeping

    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?


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

    QuickBooks Setup Contractor Do-It-Yourself Construction Bookkeeping

    Posted by Randal DeHart on Fri, Dec 16, 2016


    Fast Easy Accounting Do-It-Yourself 

    Construction Accounting Store Is Open For Business

    Do-It-Yourself QuickBooks Setup

    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

     

    If QuickBooks is not working and how our Do-It-Yourself Solution may be the answer you have been searching for long and hard.

    Our QuickBooks Setup and Stand Alone Chart of Accounts Store For Construction Contractorshas packages with 200 to 1100 accounts specifically designed for Contractors all across the USA Including Alaska and Hawaii and cover a wide spectrum of contractor accounting needs.

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    Topics: QuickBooks Setup, Assisted Do-It-Yourself Contractor Bookkeeping, QuickBooks Do-It-Yourself construction Bookkeeping

    QuickBooks Setup And Chart of Accounts For DIY Contractors
    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

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